Transformation

OUR SOCIO-ECONOMIC CONTRIBUTION

 
 

DRIVING ECONOMIC TRANSFORMATION AND INCLUSIVE GROWTH

Recognising that neither South Africa nor Barloworld can be successful if a significant portion of the population is excluded from the economy, we take our commitment to Broad-Based Black Economic Empowerment (B-BBEE) very seriously. It is not just about a statutory obligation or box-ticking, it is about making a significant difference and achieving our bold ambition to ensure South Africa works.

Promoting B-BBEE also enhances our licence to operate in South Africa and gives us a competitive advantage.

 

Making a significant difference Enhancing our licence to operate Competitive advantage

 

OUR TRANSFORMATION PERFORMANCE IN 2020


Available points  2020 score 2019 score 2019 score
Ownership  25  25.00  25  24.64 
Management control  19  15.34  15.03  12.44 
Enterprise and supplier development   40  32.32  30.39  30.1 
Skills development  20  12.66 15.45  18.41 
Socio-economic development  5  5.00  5  5 
Total score  109  90.32  90.87  90.58 
B-BBEE level    3  3  3 

Barloworld made steady progress on issues of management and control, ensuring we were representative of the societies in which we operate. Our development programmes focus on providing meaningful interventions that aim to improve technical capability and capacity, as well as delivery and cost capabilities. We seek to nurture diversity in our supply chain while ensuring we create platforms for development and innovative solutions.

We achieve this through tailored B-BBEE transactions, increasing diversity in the supply chain, enterprise development and relevant corporate social investments.

As one of South Africa's oldest companies, we have an established history of contributing to economic and social transformation. Our aim is to contribute to creating an inclusive economy informed by a shared value approach.

We believe it is our role as a good corporate citizen to deliver value for all our stakeholders, including the countries and communities within which we operate. Accordingly, we have committed ourselves to developing and implementing meaningful interventions that transform our society by investing in initiatives that drive social cohesion, build resilient communities and promote transformation as set out in the opposite diagram.


SKILLS DEVELOPMENT

We depend on our people to deliver the best experience to our customers. Our approach to employee development aims to improve performance and build capacity for the future through a mix of on-the-job development, mentoring and coaching and formal learning.

We also provide opportunities for graduates and unemployed youth to gain much needed work experience and qualifications in the form of learnerships, internships, work readiness programmes and workplace in-house training. A number of graduates and unemployed youth benefited from our skills development and learning programmes: