Key
Capitals

With the sugar segment being under pressure in 2018 on the back of low sugar prices and the energy segment performing at a lower level, the objective on the financial side was to focus on the Group’s cash flow. The priority was indeed to ensure that the sugar cluster had enough financial resources to continue its operations whilst other segments of the Group achieve their business plans. One of the main financial measures taken during the year was the gearing up of the holding company of St Aubin energy power plant for Rs 268 million.

Manufactured capital relates to the material goods and infrastructure needed to turn raw materials into a product and includes items such as buildings, transport networks, tools, machines and computers.

At Omnicane, we manage our diverse operating assets to the highest standards of performance, availability, and efficiency. In 2018, the Group continued to invest in the valorisation of its co-products, deploying new technologies and processes to optimise its operational performance. We also applied process re-engineering to upgrade the capability and efficiency of our refinery while reducing energy consumption. We have provided a modern and sustainable working environment at Mon Trésor Business Gateway (MTBG) by moving our headquarters there in October 2018.

At Omnicane, we promote inclusiveness with our community stakeholders based on participatory dialogue and exchange of information and ideas. La Baraque’s industrial cane cluster has a dedicated forum comprising representatives of local community stakeholders (“forces vives”) and Omnicane’s Management. Social and environmental issues related to operations are discussed in a transparent and collaborative manner at bi-annual meetings. In line with the BREEAM Communities framework adopted for the Mon Trésor Smart City project, there is ongoing consultation with neighbouring communities to keep them informed about the project and listen to their expectations. We have also implemented an external procedure to capture and attend to any grievance from our stakeholders.

Omnicane recognises human capital as a key driver of its success and sustained competitive advantage. The collective knowledge, skills, attitude and innovation of our employees enable us to achieve our vision and mission. Our Top Management has adopted a strategic and comprehensive approach to people management and promotes an enabling work environment. Our human capital strategy thus focuses on reinforcing the competence, energy and integrity that our employees bring to their roles, which in turn contributes to the success of Omnicane and maximises stakeholder value.