In 2007 Nestlé’s South Africa committed itself to an accelerated programme of transformation and this included Broad Based Black Economic Empowerment (BBBEE) The company viewed this process as integral to our business imperative to drive our ambition of being a leading competitive Nutrition, Health & Wellness Company, which is recognized as a Preferred Corporate Citizen, ac Preferred Employer, and Preferred Supplier of Preferred Products.
Nestlé South Africa’s BEE objective is to ensure business sustainability and competitiveness that will result in enhanced corporate image, credibility and trust with internal and external stakeholders. Our BEE Vision was therefore a structured programme of action to transform our company so that it reflects the demographics of the country in all spheres of operations.
It is a blueprint that outlines Nestlé’s commitments and action plans in relation to our BBBEE transformation journey. For us, this journey is about much more than compliance; it is a genuine commitment to the transformation of Nestlé South Africa and making a contribution to the transformation of the South African economy broadly.
The company’s commitment can be measured against the achievement of our Level 4 Contributor status to BBBEE with 72.73/100 points in 2011. This achievement is a reflection of the dedication and commitment to the objectives of transformation.
As a company we are proud of the strides we have made in implementing BEE in order to achieve what was intended by the spirit of the Codes of Good Practice. We will continue supporting this uniquely South African system of social accounting and its intent to remedy imbalances of the past and ensure equal opportunities for all South Africans. This will have to be coupled by robust staff retention and succession planning strategies, continued Skills Development of all employees, changing the face of our suppliers and creating opportunities for small black owned and black female owned businesses.
Furthermore, we will continue driving our Enterprise Development and Socio Economic Development strategies in alignment with our Creating Shared Value business principle – which states that for us to remain sustainable we will need to create value for our shareholders and for people in the countries where we operate.