Creating positive change: Hatch attains level 1 B-BBEE rating
Johannesburg, South Africa— Global multidisciplinary management, engineering, and development consultancy Hatch has achieved a Level 1 Broad-Based Black Economic Empowerment (B-BBEE) rating.
Hatch began its transformation journey in 2001, well before the B-BBEE legislation was put into place. Since then, the company has consistently updated its transformation plan to evolve with the needs of a changing economy, and has exceeded the targets in many areas, such as skills development and management control. Such success is the result of a focused transformation plan aimed at improving all five elements of the scorecard continuously.
“We embrace diversity as the catalyst to grow the economy by rectifying the exclusion of previously disadvantaged groups from gaining access to South Africa’s wealth, income equality, and skills development, which aligns with our corporate vision to passionately pursue a better world through positive change,” said Pierre Olivier, Hatch regional managing director for the Africa, Middle East, and Europe region.
To assist entrepreneurs, Hatch has developed and refined its Supplier Development (SD) program, for which it won an ABSA Supplier Development Award. Hatch has worked with 16 SD partner organizations, 10 of which are black-women owned and 5 of with are youth-owned. In the past 14 years Hatch has invested R23.6 million into enterprise and supplier development programs.
Hatch is also committed to training and supporting our future engineers, constructors, technologists, and inventors. In the past 14 years, we’ve invested R307 million in skills development, provided 174 bursaries to students, and hired 155 graduates. This commitment to our future extends around the globe.
Olivier continues, “This is a very proud moment for the team. By attaining Level 1, we can, in partnership with our clients, continue to increase our capacity to bring about positive change in the local and regional communities in which we operate.”
For more information, please contact:
Global Director, Marketing & Communication
Tel: +1 905 403 4241