Empowerment and Transformation
UPD is committed to the spirit of the Broad-based Black Economic Empowerment (BBBEE) Act. The group’s transformation strategy is aligned to the Department of Trade and Industry (DTI) codes of good practice.
Transformation is managed within a governance framework that includes the board’s social and ethics committee, the internal transformation committee, which is chaired by the chief executive and co-ordinated by the group human resources director, and the business unit transformation forums, which are responsible for implementation.
The group achieved a level 6 BBBEE rating on the amended B-BBEE Codes of Good Practice Gazetted on 11 October 2013 and in the 2016 financial year, achieved a score of 72.26 points.