· Business model
- The capitals
- Value creation
Sanford’s business model clearly shows how it creates value through a colourful diagram that includes a reasonable explanation, combined with a logical narrative flow, of what the picture shows. The model shows what Sanford’s key values are and what its key value enablers (inputs) are. These enablers are related to Sanford’s capitals which are discussed in more detail earlier on in the Report. The model also integrates Sanford’s external environment, strategic focus areas and sustainability goals to show how these factors are used to achieve Sanford’s overarching vision.
Areas where there could be closer alignment to the International <IR> Framework include providing more information about how Sanford deploys specialist skills and knowledge, how it approaches the need to innovate, and to address the key positive and negative effects of the business model on internal and external outcomes.