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B-BBEE (Broad-Based Black Economic Employment)

While we form part of WSP | Parsons Brinckerhoff, one of the world’s leading professional services firms, we are also committed to transformation in our Africa operational region, through a Broad Based Black Economic Empowerment (B-BBEE) ownership and having achieved a Level 3 BBBEE rating in South Africa. This rating compares very favourably with our competitors in the South African market, being higher than those attained by a considerable number of these competing companies.

 

BBBEE and the scorecard

The Act, no 53 of 2003 – The Broad-Based Black Economic Employment Act, 2003 – was promulgated on the 9th of February 2004. One of the stated objectives of the Act is to, “achieve a substantial change in the racial composition of ownership and management structures and in the skilled occupations of existing and new enterprises”. 

A structured method of assessing businesses on the basis of a scorecard prevails and within specific sectors, Sector Charters have been published detailing the sectors’ commitment to achieving implementation of the Act. 

Currently, WSP | Parsons Brinckerhoff in Africa is assessed based on the Construction Charter which was published in 2006. This charter was based on a four and seven year horizon with increasing targets. We are rated on our Ownership, Management Control, Employment Equity, Skills Development, Preferential Procurement, Enterprise Development, and Socio-Economic Development.

Our commitment to continue developing a sustainable business for our employees, clients and stakeholders means that our commitment to aspiring to an ever-increasing B-BBEE rating is without question.

 

View our B-BEE Certificate