Octodec actively participates in urban regeneration. We invest in sustainable property solutions and employ our unique understanding of the CBD nodes to engage with inner city communities to maintain dignified spaces.
While it is critical for long term value creation for investors, shareholders, employees, and all our stakeholders, it is more importantly a social and moral imperative.
Our focus is on ensuring customers based in the Tshwane and Johannesburg CBDs have access to a broad range of safe residential accommodation, office space, and affordable products and services.
We rejuvenate spaces to inspire a sense of pride among tenants, offering them clean, secure and well-maintained areas for living, eating, playing, studying, working, socialising, and shopping and it is encouraging to see the meaningful impact we’ve had on our immediate communities and broader society.
Sustainability remains a key priority over the medium to long term, focusing on initiatives we believe we can contribute the most to and on which we can make the most significant impact.
Octodec supports a better social fabric by assisting communities in need with meaningful initiatives by providing free rental space to selected, non-profit organisations (NPOs).
When selecting NPOs to support, we identify organisations that play a role in promoting education, empowering underprivileged families, and assisting communities in need. We invest in initiatives that contribute to the overall growth and well-being of the neighbourhoods in which we operate,
creating a positive ripple effect for the future.
We provide meaningful and stable employment to Octodec employees and develop future-fit skills in an environment of accountability, collaboration, ethics and growth.
Together with Nivea, we joined a programme established by the Dis-Chem Foundation and FutureLife in 2020 to provide 2.4 million meals to preschool children in need across South Africa over the course of a year. This initiative allows Octodec to continue investing in our communities, which is integral to our commitment to building dignity and creating shared value.
To help build a community of empowered learners and pave the way for a brighter, more prosperous South Africa, we introduced the Kibooks online reading platform for free to young readers residing in our buildings. By doing so, we aim to promote a culture of literacy and learning among the children in
Across our portfolio, we are focused on managing resource efficiencies by implementing sustainable options for waste management and recycling.
Octodec maintains a strong commitment to environmental sustainability and recognises its significance in ensuring a thriving business.
In terms of waste management and recycling, our waste to energy initiatives represent longer-term, more sustainable options to reduce waste to landfills. Our goal is to increase recyclable waste and reduce general waste.
A dependable supply chain is vital to the success of our business.
Octodec sponsors individuals selected from our existing supplier network and other businesses in a variety of industries to join the comprehensive Enterprise and Supplier Development initiative.
In our ongoing commitment to supplier development and diversity, Octodec recognised the need for black-owned companies in the property valuation sector.
Management identified an enterprise development programme aimed at identifying black-owned companies with expertise in property valuation. This partnership facilitated the inclusion of two dynamic enterprises, in a comprehensive one-year journey of mentorship, coaching, marketing exposure and supply chain integration.
The collaboration aimed to address the industry’s diversity gap by nurturing black property valuation businesses. The programme provided them with tailored business support to enhance their skills, expand their market presence, and establish themselves as credible players in the sector.
Read more in our 2023 Integrated Report.