As a company headquartered in South Africa, with significant assets and people, transformation is an important component of our reputation and licence to trade. We recognise that transformation is not just a moral imperative, but a pragmatic growth strategy that aims to realise the country’s full economic potential while helping to bring the black majority into the economic mainstream. Our focus, in terms of BBBEE, is to make a meaningful difference.
In FY2017 we achieved a Level Four Contributor status for Sappi Limited and a Level Three Contributor status for Sappi Southern Africa in BBBEE in respect of the new Forestry Codes gazetted on 21 April 2017.
In 2010, Sappi implemented a broad-based empowerment share ownership scheme (24.3 million shares). Today, 45.66% of our Southern African business is owned by black people.