Award-winning property group underscores transformation commitments through key initiatives in terms of ownership and procurement
Thursday, 6 October 2022. Attacq Limited (“Attacq”), the JSE-listed REIT developing Waterfall City is proud to announce that it has achieved a Level 1 contributor status towards Broad-Based Black Economic Empowerment (B-BBEE) for the first time in its history.
According to SANAS accredited B-BBEE verification agency, Renaissance SA Ratings, the Group showed improved metrics across most elements of the scorecard. Specifically, in the key areas of ownership (26 points), Enterprise and Supplier Development (38.18 points) and Skills Development (18.39), Attacq surpassed prior scores in being awarded its Level 1 accreditation for the period 01 Jul 2021 – 30 Jun 2022.
Attacq CEO Jackie van Niekerk says: “Achieving this milestone talks foremost to our purpose – which is to create sustainable value for all stakeholders. This means that when we talk about transformation as a business, we talk about transforming our society, empowering our tenants and suppliers, and growing our partner network with emerging black businesses.
This achievement is a reflection of our commitment to diversity and inclusion and underscores our ambition of driving growth and transformation in the South African economy.”
Achieving the improved B-BBEE level is demonstrative of the progress the Group has made against its strategic objectives, which include contributing meaningfully to our communities through transformation, with an emphasis on procurement.
Along with the weighting to procurement, Attacq’s focused Corporate Social Responsibility (CSR) strategy ensures that its various CSR investments contribute to its B-BBEE goals, through specific meaningful and impactful initiatives. As an example, over the past six years, the Group has partnered with Property Point to support the growth of SMMEs in the South African property sector, which in turn creates jobs and drives transformation in the industry.
Living the Attacq values
Attacq Social Executive, Janine Palm, says: As a locally-focused, people-centric business, Attacq strives at all times to prioritise skills development, through its supplier and enterprise development programmes and places particular emphasis on supporting the communities within which the business operates.
The inward application of transformation is centred on building a diverse workforce that represents the nation’s demographics, encourages inclusive thinking and diversity of thought. The latter in particular results in a range of perspectives and ideas, promoting agility and resilience in the company.”
Improving employment equity levels was also identified as a strategic Key Performance Indicator (KPI) to measure the business, and Management, against its employment equity plan, and the Group continues to make good progress in this regard.
“Attacq actively practices good corporate citizenship, and the Board and Management are at all times conscious of the type of economic, social or environmental impact the business has on society”, concludes Van Niekerk.