Rosebank Workspace Business Plan — ESG and Sustainability
Energy and water use, fit-out materials, community and the environmental and social commitments undertaken.
Section 18 of 29
ESG and Sustainability
Jump to section
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. Investment Thesis
- 3. Company and Business Overview
- 4. Problem, Customer Need and Value Proposition
- 5. Products and Services
- 6. Industry Analysis
- 7. Market Analysis and Sizing
- 8. Customer Analysis
- 9. Competitive Landscape
- 10. Business Model
- 11. Go-to-Market Strategy
- 12. Operating Model
- 13. Management and Organisation
- 14. Strategic Plan, FY2027 to FY2031
- 15. SWOT Analysis and Strategic Implications
- 16. Risk Analysis and Mitigation
- 17. ESG and Sustainability
- 18. Implementation Roadmap
- 19. Financial Model and Assumptions
- 20. Projected Financial Statements
- 21. Funding Requirement, Structure and Investment Returns
- 22. Sensitivity and Scenario Analysis
- 23. Key Performance Indicators and Management Dashboard
- 24. Conclusion and Recommendation
- A. Appendix A: Detailed Financial Statements
- B. Appendix B: FY2027 Monthly Operating and Cash Profile
- C. Appendix C: Assumption Register
- D. Appendix D: Glossary and Definitions
Twenty-six direct jobs, a measurable reduction in space consumed per worker, and a B-BBEE pathway from Level 4 to Level 2 — stated with the limitations of each claim.
17.1 Environmental
The strongest environmental claim available to a flexible workspace operator is space efficiency. At 9.0 m² per desk inclusive of all common areas, against a conventional corporate standard of 12 to 15 m² per employee, the Company houses a given number of workers in approximately 30% less floorspace. Applied to 636 occupied desks at FY2031, that represents roughly 2,200 m² of office space not built, fitted, heated, cooled or lit, with an associated avoided embodied carbon the Company estimates at 1,050 to 1,450 tonnes of CO₂ equivalent.
The claim has a limitation worth stating. Flexible workspace also enables occupiers to retain a presence they might otherwise have relinquished entirely, and the Company’s backup generator provision is a diesel-based emission source. The net environmental position is positive but smaller than the headline space-efficiency figure alone suggests.
Table 47 Environmental commitments and measurement
|
Commitment |
Specification |
Measurement |
|---|---|---|
|
Space efficiency |
9.0 m² per desk inclusive of all common areas |
Reported per centre annually |
|
Energy |
LED throughout, zoned HVAC with occupancy control and after-hours scheduling, sub-metering per suite |
kWh per occupied desk per month, reported monthly |
|
Building selection |
Preference for Green Star or EDGE certified buildings; two of the three target buildings are certified |
Certification status disclosed per centre |
|
Water |
Low-flow fittings, storage and filtration, leak detection |
Litres per occupied desk per month |
|
Waste |
Separation at source, recycling contract, e-waste and furniture take-back at refit |
Tonnes diverted from landfill annually |
|
Fit-out materials |
Low-VOC finishes, FSC-certified timber where available, reusable partitioning systems |
Specified in the fit-out tender documentation |
|
Generator emissions |
Diesel generator used only during grid interruption; run hours logged |
Run hours and litres consumed, reported annually |
17.2 Social
Table 48 Social impact
|
Dimension |
Contribution |
Measure at FY2031 |
|---|---|---|
|
Direct employment |
Permanent roles across head office and three centres |
26 permanent employees |
|
Indirect employment |
Cleaning, security, food and beverage concession, maintenance contractors |
Approximately 34 full-time equivalents |
|
Construction employment |
Three fit-out projects totalling R44.6m of capital expenditure |
Estimated 180 person-months over five years |
|
Skills development |
1.5% of payroll committed to accredited training; hospitality and facilities learnerships at each centre |
Approximately R0.20m per annum |
|
Employee ownership |
Share trust holding 8% of the Company, vesting over four years |
8% of equity, worth an estimated R9.8m at the FY2031 exit valuation |
|
Enterprise development |
Preferential procurement from qualifying small suppliers for cleaning, catering, maintenance and events |
Target 35% of addressable procurement spend |
|
Small business support |
Discounted virtual office and flexible membership for qualifying early-stage businesses |
25 subsidised memberships across the portfolio |
|
B-BBEE |
Level 4 at inception with a defined path to Level 2 |
Level 2 targeted by FY2030 |
17.3 Governance
- A board of five with an independent non-executive chair and two investor-nominated directors, meeting quarterly, with an audit and risk committee chaired by an investor nominee.
- Reserved matters requiring investor consent covering new leases, capital expenditure above R2 million, borrowing outside agreed facilities, rate-card changes above 5% and single member contracts above 8% of a centre’s desks.
- Annual external audit by a firm acceptable to both the investor and the senior lender.
- A documented conflicts-of-interest policy, an anti-bribery policy consistent with the Prevention and Combating of Corrupt Activities Act, and a whistleblowing channel reporting to the audit and risk committee.
- POPIA compliance with a registered information officer and a documented member data inventory, retention schedule and breach response procedure.
17.4 Alignment with development finance criteria
The opportunity meets several criteria applied by South African development finance institutions and impact-oriented investors: direct and indirect job creation in a services sector, meaningful employee ownership through the share trust, a defined B-BBEE improvement pathway, enterprise development through preferential procurement, and support for small business formation through subsidised memberships. It does not qualify under criteria that require rural location, manufacturing or export earnings, food security or renewable energy generation. Investors with those mandates should not pursue this opportunity.