Capricorn operates by cooperative principles and is committed to doing the right thing for its community. This is why they’ve taken the proactive step to produce their first ESG report in 2024.
“The industry is stronger when we all work together, whether that’s to support business owners with ongoing skills issues, or looking at long-term sustainability impacts,” Brad Gannon, incoming Group CEO says.
“By learning from and building on the findings in this report over the coming years, we can operate sustainably, consistent with our community’s expectations.” Brad says.
The ESG report will be developed each year, allowing Capricorn to explore opportunities to strengthen their commitment to sustainability, guide resource allocation and consider investment decisions moving forward. Eight key Areas of Focus have been recognised following considerable consultation with Members and stakeholders. These areas are important to how they operate, helping the organisation identify and acknowledge opportunities for positive impact, and monitor and mitigate negative impact for their stakeholders. The areas are: Empowering Members, Climate Resilience, Sustainable Consumption, Employee Wellbeing, Innovation and Digital Transformation, Data Governance and Cybersecurity, Ethical Supply Chains, and Integrity and Accountability.
The report also highlights key initiatives Capricorn has already introduced.
“This year we introduced a new Reward and Recognition program to celebrate outstanding Capricorn team members. We believe everyone can make a difference and when we acknowledge, support and uplift each other, we can achieve anything we set our minds to,” Brad says.
“The release of the ESG report marks the starting point of our journey and is a vital first step in looking at where we stand now and starting the discussion of the road ahead. Making a difference to the Capricorn community is what Capricorn is all about – we don’t want the industry to just survive, we want it to thrive. We hope you’ll join us on this journey.” Brad says.
Capricorn’s ESG report is now available to reach at cap.coop/ESG.
For further information contact media@capricorn.coop or +61 455 731 955.
Image: Capricorn Member representing our community and commitment to sustainability of the ESG report
About Capricorn
Capricorn Society was established in 1974 to support small business owners in the automotive aftermarket. Now 50 years later, Capricorn has over 30,000 Members across Australia and New Zealand including mechanical workshops, collision repairers and auto electricians.
Capricorn offers a range of competitive financial services products, including its flagship Trade Account that connects Members with over 2,000 Preferred Suppliers.
Proudly operating by cooperative principles, Capricorn Members also have access to risk protection, exclusive industry events and a generous Capricorn Rewards Program. For more information and terms and conditions, visit capricorn.coop.