Attacq, a JSE-listed real estate investment firm, has been granted Tier 1 Contributor status for Large-Scale Black Economic Empowerment (BBBEE) for the first time in its history.
According to the verification agency BBBEE accredited by the South African national accreditation system Renaissance SA Ratings, the group showed improved measures for most elements of the dashboard.
Specifically, in the key areas of Ownership (26 points), Business and Supplier Development (38.18 points) and Skills Development (18.39 points), Attacq surpassed previous scores in achieving its accreditation level 1 for the period from July 1, 2021 to June 30. This year.
“Achieving this milestone is above all our objective, which is to create sustainable value for all stakeholders. This means that when we talk about transformation as a business, we are talking about transforming our society, empowering our tenants and suppliers, and growing our partner network with emerging black businesses.
“This achievement reflects our commitment to diversity and inclusion and underscores our ambition to drive the growth and transformation of the South African economy,” said the CEO. Jackie Van Niekerk.
“Achieving the improved BBBEE level is proof of the progress the group has made against its strategic objectives, which include meaningful contribution to our communities through transformation, with a focus on procurement,” says Attacq .
The group explains that, alongside the weighting of purchases, Attacq’s targeted corporate social responsibility (CSR) strategy ensures that its various CSR investments contribute to its BBBEE objectives, through specific initiatives that are significant and hard-hitting.
Improving employment equity levels has also been identified as a strategic key performance indicator to measure the company and management against its employment equity plan, and the group says that it continues to make good progress in this regard.
