FLSmidth makes strides in transformation journey with Level 1 B-BBEE accreditation

In today's competitive business landscape, companies are realizing the importance of fostering diversity, inclusion, and engagement to drive success. FLSmidth, has made diversity, inclusion, and engagement a priority for its long-term success. To promote diversity, FLSmidth invests in the talent pipeline through apprenticeships, learnerships, scholarships, and graduate programmes. This strategy has resulted in a significant boost in employment equity, an essential component to FLSmidth’s comprehensive approach to B-BBEE.

Strategy for long-term business success

 

FLSmidth actively implements B-BBEE as a long-term business strategy. Pieter Pretorius, Senior Sourcing and Purchasing Manager, highlights the importance of having dedicated champions responsible for each element of B-BBEE policy, including management control, skills development, ownership, socio-economic development, and enterprise and supplier development. FLSmidth has established committees, including Broad-Based Black Economic Empowerment and Social and Ethics committees, to ensure effective implementation of these transformation initiatives.

FLSmidth's empowerment and transformation efforts driving success in South Africa

 

FLSmidth's success in building a strong talent pipeline is evident in the number of university students who have been supported by the company's bursary programme and are now employed in various roles. The company supports small businesses by contracting them to supply goods and services, helping them gain access to a stable customer base and build their reputation. FLSmidth's Level 1 status provides a direct benefit to customers by offering recognition of up to 135% of their expenditure with the company towards their preferential procurement targets.

 

The Level 1 B-BBEE accreditation highlights FLSmidth's commitment to empowerment and transformation in South Africa. By embracing diversity, supporting talent development, and small businesses, FLSmidth is driving success and contributing to the growth of the wider market. With dedicated champions and committees, FLSmidth is well-positioned to continue its journey towards becoming a more inclusive company that benefits all stakeholders.