The Murray & Roberts Group works in environments with diverse cultures, needs and expectations. It is imperative that we develop clear community engagement plans for our projects and identify local needs and priorities to ensure that our host communities share in the economic value created. In addition to local employment, our socioeconomic programmes support local procurement and enterprise development, and community upliftment initiatives.
In South Africa, BBBEE is aimed at redressing inequality and historical imbalances. The Group achieved a Level 1 BBBEE rating measured against the Construction Sector Code. In line with the Code, our procurement spend is directed at BBBEE-compliant vendors and targeted interventions are in place to identify and assist small businesses as a key source of job creation.
The Group maintains a high standard of corporate governance, integrity, and ethics, which are non-negotiable features in the pursuit of its value creation strategy. We have approved and adopted a core set of values, policies, and standards, which are required to be applied and practiced in all our business activities. Our business partners, including suppliers of goods and services, help us deliver on our commitments to stakeholders. It is therefore imperative that we partner with suppliers that share our commitment to sustainable development. This is fundamental in creating and maintaining beneficial relationships and trust amongst our stakeholders. Our Supply Chain Standard is implemented by the Murray & Roberts Limited Board and the Managing Directors of all companies within the Murray & Roberts Group.
BBBEE IN SOUTH AFRICA
The Group achieved a Level 1 BBBEE rating measured against the Construction Sector Code. The economic interests held by black shareholders in our South African operations was 96.83% with black women holding 40.26%. In line with the Code, our procurement spend is directed at BBBEE-compliant vendors and targeted interventions are in place to identify and assist small businesses, as a key source of job creation.
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