Related material matters and sustainable development goals
4. Harness the power of technology
Sustainable Development Goals:
13. Take urgent action to combat climate change and its impacts
16. Peace, justice and strong institutions
Governance and sustainability
We see governance as a critical component of value creation, promoting strategic decision-making that balances short-, medium- and long-term outcomes to reconcile the interests of the Group, stakeholders and society. The Group is committed to a values-based and ethical culture, built on the principles of non-discrimination, fairness, integrity and transparency. Compliance with Discovery’s values is monitored throughout the organisation.
Details on corporate governance, including our Board of Directors, governance structures, and performance against maintaining an ethical culture, delivering good performance, ensuring effective control and maintaining legitimacy, can be found in the 2020 Discovery Governance Report.
The Board of Directors of Discovery (the Board) has delegated some of its responsibilities to appropriately constituted Board Committees to assist the Board in the fulfilment of its responsibilities, established in line with the requirements of the Companies Act and King IV™ Report on Corporate Governance for South Africa, 2016. The Chairperson of each Board Committee, who is appointed by the Board, reports directly to the Group Board after each meeting, allowing the Board to monitor performance and ensure that the committees are acting in line with the delegations provided.
The Social and Ethics Committee is tasked with assisting the Board with the implementation and monitoring of strategies that facilitate social and economic development, as well as the integration of ethics and transformation within the Group.
Besides the environmental, social and governance disclosures in this online report, readers can access disclosure on additional environmental, social and governance indicators in Supplementary environmental, social and governance information