Sustainability at Printcare
Rethinking how the world works and finding smarter ways to
do the simple actions that make up our daily lives
Printcare is committed to sustainable value creation for its varied stakeholder group
Message from Managing Director
Printcare is a relatively small company but is committed to sustainable value creation, for its
shareholders and varied stakeholder groups. We recognize that as a leading printing and print
services company globally we have a responsibility to establish a benchmark for sustainability.
We believe that business acting as businesses not charitable donors are the most powerful force
for addressing the pressing issues we face.
Sustainability for business is an optional imperative and strategic opportunity in the face of
more stringent regulations imposed by Governments both in the country where goods and services
are purchased and in the country where they are delivered.
Consumers themselves are demanding products that support the ecology and have longer life cycles
and more value. It is clear that Companies that embrace this change will position themselves for
continued growth in tomorrow's economy, reap the benefits, and find themselves in a position of
leadership.
At Printcare, we do not wish it to be merely a program or a set of good intentions, but a set of
behaviors and actions that are integrated with the business strategy of our Company and reflected
in ouy culture. We believe sustainability is the growth opportunity of the 21st centuary, but we
don't think it's just about being "green". It's about rethinking how the world works and finding
smarter ways to do the simple actions that make up our daily lives. We recognize that societal
needs not just conventional economic needs, define markets, and social harms can create internal
costs for firms over the long term.
We are aligning our policies and operating practices in such a way that they enhance the
competitiveness of the company while simultaneously advancing the economic and social
conditions in the communities that we operate in.
At Printcare, we are working towards a more sophisticated form of capitalism, one imbued with a
social purpose, a purpose that will arise not out of charity, but out of a deeper understanding
of competition and economic value creation.
K. R. Ravindran | Managing Director
Opportunities and Challenges
Managing opportunities and challenges forms an integral part of
business management and are essential to the sustainability and growth of the business
Taking risks, facing challenges and identifying opportunities is an inherent part of entrepreneurial
behaviour. Sustainability risks and opportunities are identified using our Enterprise Risk Management
(ERM) Framework, and by considering issues raised by our key stakeholders and international benchmarks
for sustainable performance. Our team then explores options, designs strategies and implements solutions.
These solutions are then built into our strategic planning and operating plan processes to ensure continuous
execution.
Managing challenges and opportunities forms an integral part of business management and are essential to
the sustainability and growth of the business and safeguarding the Shareholder’s investment and Customer
service.
Some of the key challenges and opportunities that have been identified are shown below and are published
annually in order to give stakeholders an insight into the risks the company faces and the mitigating actions
that are in place as contingency. The described risk factors below are not in order of significance or
expected adverse impact.
Challenge
To successfully integrate acquired businesses to achieve our stated goals.
Opportunity
Sharing and leveraging best practices of acquired businesses across the integrated Company.
Challenge
Regulatory and stakeholder expectations for operations with low environmental impact
Opportunity
We are reducing the environmental impacts of our manufacturing processes and products to create new areas
of competitive advantage and reduce costs.
Challenge
Occupational health and safety
Opportunity
To become internationally recognised for our safe work practices and to share our expertise with our
suppliers and customers to help them achieve their own health and safety goals.
Challenge
Talent management
Opportunity
Employee engagement and recognition as employer of choice, allowing us to attract and retain the best talent.
Challenge
Community support for our operations, our social licence to operate
Opportunity
To build effective partnerships and seek constructive dialogue with the communities in which we operate.
Challenge
Changing consumer tastes towards sustainable packaging products
Opportunity
To become a leader in sustainable packaging, creating new areas of competitive advantage through supply
chain partnerships and product life cycle assessments.
Challenge
Volatile Exchange and Interest rates
Opportunity
Continuously improve our rate forecasting abilities and maintain constant communication with institutions
that can advise us in advance of potentially harmful movements.
Challenge
The introduction of new regulations or the amendments to existing regulations by the government locally
and/or internationally which may be adverse to business and complexity in complying with all regulatory
requirements.
Opportunity
Conduct compliance review at group and business levels quarterly to ensure that all business units adhere
to legal and statutory requirements.
