Pareto is an investor in immovable property and operations conducted includes (but is not limited to) property management and property asset management services, of regional and super-regional retail shopping centres.
Our sustainability programme aims to create shareholder value by leveraging on social, environmental and economic opportunities associated with Pareto’s business processes, taking social, ecological and economic risks into account.
Pareto’s commitment is to balance its profit-making activities with activities that benefit society. Our fundamental responsibility, as a company, is to assist in improving the quality of lives of individuals and communities in South Africa in areas in which our shopping centres are located.
Pareto’s Socio-Economic Development programme (SED) focuses on investing in and uplifting communities through education, skills development, sustainable projects, job creation, health awareness, sport development, arts and culture, environmental awareness and improvement.
Some of the SED initiatives, non-profit organisations and projects which have been supported by Pareto in the past include the following:
PARETO COMMITS TO SUPPORTING MATHEMATICS AND SCIENCE PROGRAMME THROUGH TEACH SA
The company will continue to promote participation by Black people and small businesses in the property sector, through its business practices and procurement policies. To this end the BBBEE Codes published will be followed as a guideline until such time that the Property Charter, has been gazetted by the Department of Trade and Industry. The principles of Property Charter will then be applied.
The enterprise development policy aims to meet and embrace the objectives set out in the Broad-Based Black Economic Empowerment Act 53 of 2003 (“the Act”) in accordance with the Property Charter and will enable Pareto to fulfil its commitment to Broad-Based Black Economic Empowerment (“BBBEE”).
The objective of this enterprise development policy is to grow sustainable business enterprises in the sector in which Pareto operates that will create jobs and expand the economy. It involves the investment, support, facilitation and fostering of new and existing small and micro-enterprises.
Enterprise development programmes may include, but are not limited to, the following:
Qualifying Criteria
Decolonising Retail