BMW Achieves Level 4 B-BBEE Rating ahead of schedule
In a recent B-BBEE audit, BMW SA achieved a Level 4 rating, the highest rating in the motor industry - elevating BMW to joint industry leaders together with Mercedes Benz, Volkswagen and Renault.
BMW SA’s goal was to attain a Level 4 rating at the end of the 2011 financial year. However, through persistence, commitment and collaboration, this outstanding result was obtained ahead of the deadline. This is a clear indication of BMW’s commitment to transformation and development in South Africa, with a Level 4 status surpassing that of many South African multi-national organisations.
South Africa's policies on Broad-Based Black Economic empowerment are not simply aimed at redressing the wrongs of the past but rather ensuring local companies adopt a strategy of growth that is sustainable and aims to realise the country's full economic potential. Through BMWs achievement of this rating it is demonstrating its desire to contribute to the upliftment of the country in a sustainable manner, ensuring the longevity of the company and its projects while driving ethical business practices. Ratings are measured by means of a scorecard based on various elements, totalling 100 points.