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This is Barloworld
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Leadership review
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| Currently viewing: Investing in empowerment and transformation / Next: Summarised consolidated income statement |
Investing in empowerment and transformation
For Barloworld, empowerment and transformation mean not only building an inclusive and diverse workforce, but also broadening the pool of businesses with whom we partner. In 2014 Barloworld has strengthened its drive to promote diversity and transformation within our value chain, in line with our objective of creating value for all stakeholders. Sustainable workforce As we look to 2015 and beyond, our success will depend on the quality of our business decisions. These decisions will need to be made in an organisational culture which is fully representative of our society in terms of race, gender, disability and other forms of diversity. Hence we promote ongoing transformation at all levels of the company in line with our objectives for employment equity. Towards achieving this goal, we have continued to implement various policies and practices throughout the group. These include:
Barloworld has made solid and steady progress in all aspects of the Department of Trade and Industry’s Broad-Based Black Economic Empowerment (B-BBEE) scorecard. We have built on our past successes with a number of new training and development initiatives in the past year, including executive and management development programmes. Special focus has been placed on diversity and grooming women for leadership, with emphasis on core and critical skills. As a result of our staff development initiatives, 2014 saw significant increases in the number of black and female employees across Barloworld’s divisions. Diversity within our management and executive ranks was also improved in line with our targets. Females as % of total headcount (Group)
*Executive directors only. These achievements build upon important milestones in Barloworld’s journey of transformation. These include:
Sustainable progress In 2015 and into the future the ongoing transformation of our businesses will remain one of the key elements of our strategy. As South Africa continues to redress its historical inequalities, Barloworld will play a constructive role by fostering equal opportunity within our organisation. We believe this to be not only a moral imperative, but an important pre-condition for the sustainability of our business. Employees by ethnic background – South Africa
* Executive directors only. We remain committed to gender equality and will endeavour to increase our female workforce at all occupational levels, with special emphasis on management – including executive and board levels. Preliminary B-BBEE reports from Empowerdex indicate that the targets set by our SA divisions have been achieved. Going forward, Barloworld’s action plan will pursue all benchmarks delineated by the B-BBEE scorecard, with specific reference to management and control, employment equity and skills development. Our B-BBEE levels will be monitored and reported as prescribed by the B-BBEE Codes of Good Practice.
* Preliminary report Supplier diversity and enterprise development Sustainable supplier diversity Barloworld continues to position itself as an industry leader in supplier diversity as a strategic necessity in the current market environment. Our commitment has been reflected in the steady improvement of our B-BBEE scorecard ratings. Policy and implementation Barloworld has implemented various initiatives to improve efficiency and compliance levels within our supply chain, which we will continue in the coming year. Our commitment begins with our procurement policy, which ensures equal opportunity to diverse, under-represented businesses to supply goods and services within the group. By enshrining this practice throughout our divisions, we aim to strengthen the resilience of our business model and add value for all stakeholders. Barloworld Siyakhula Supplier diversity and transformation within the group is championed by Barloworld Siyakhula, our enterprise development initiative. Through a mix of financial and non-financial support, Siyakhula helps eligible black and women-owned SMEs build the capacity necessary to become competitive suppliers, not only to Barloworld but within the larger marketplace. Moving forward we will place renewed focus on the creation of black and women-owned enterprises which are strategically positioned for the new global economy. Since inception in 2007, Siyakhula has provided support to 27 enterprises, facilitating job creation and employment for more than 600 people. To date it has been the catalyst for R157 million in enterprise development support for SMMEs. Key 2014 initiative Change makes a world of difference – supplier development outreach
Strategic partnerships To enhance our efforts to bolster the success rate of black and women-owned businesses, Barloworld Siyakhula has formed strategic partnerships with an array of specialist organisations.
Partnership with the Department of Trade and Industry In line with our support for the industrialisation of local and regional industries, Siyakhula, through the SASDC, has formed a partnership with the Department of Trade and Industry. Through its Incubation Support Programme, the dti will assist Siyakhula to establish business incubators promoting the entrepreneurial empowerment of women and the development of inclusive business markets for SMEs and cooperatives. Outlook For over 100 years, one of the cornerstones of our success has been our ability to understand and adapt to the needs of our stakeholders. As we move our business forward into a future defined by change, Barloworld will continue to adapt as we strive for new ways to add value and to do business better. In addition to our mandate to maximise value for our stakeholders, we appreciate the role of our value chain as a change agent – promoting equal opportunity, inclusivity and socio-economic development in the areas where we do business. We will continue to leverage our resources and partnerships towards these objectives.
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“You don’t typically find that type of engagement from most suppliers in terms of supplier development. Barloworld Siyakhula has prepared us to think and function more strategically. It’s very rare that you find companies that are willing to spend that type of time and energy on developing small firms like ours. Their outreach programme has been highly beneficial for us.
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