Transformation

bp Southern Africa recognizes that having a range of different approaches helps us get the best from our suppliers.

To deliver on our transformation goals, we are developing a range of strategic programmes to support our suppliers in building new skills and capabilities that align with our purpose bp Southern Africa supports South Africa’s Broad-Based Black Economic Empowerment (“B-BBEE”) Codes of Good Practice and we have adopted the requirements of the Codes in our applicable policies & procedures. Our B-BBEE Vision is therefore a structured programme of action to transform our company to reflect the demographics of the country in all spheres of operations.

bp Southern Africa aims to promote Transformation by:

Being cognizant of historical imbalances of our country.
Implementing meaningful and sustainable transformation initiatives.
Developing procurement policies that support transformation.
Provide technical, financial, training, and mentoring support to B-BBEE companies.
Continue fostering partnerships with financial institutions in order to strengthen our supply chains.

For bp Southern Africa, this journey is about much more than compliance; it is a genuine commitment to the transformation and contribution to the transformation of the South African economy broadly.

Preferential Procurement (“PP”)

bp Southern Africa is committed to meeting preferential procurement and local content requirements where we operate, which means sourcing materials and services in line with local guidelines. We develop local market capabilities and capacity to ensure that we contribute to local production and the economy.

The objective is to ensure that bp Southern Africa is contributing to the economic growth and transformation of the South African economy through its power as a major buyer of goods and services in the country and to set out the framework within which the procurement of all goods and services are to be procured in.

The PP process is consistent with the vision of bp Southern Africa’s Transformation Charter and Corporate Strategy, which supports bp Southern Africa's intentions of:

Finding reliable and cost-effective qualifying suppliers.
Ensuring that the procurement process is fair, equitable, transparent, competitive and cost-effective.
Implementing impactful and recognised Socio-Economic Development initiatives that provide technical, financial, training, and mentoring support to B-BBEE companies.
bp Southern Africa prioritizes doing business with companies that are:
- Exempted Micro Enterprises and Qualifying Small Enterprises.
- 51% Black-owned and 30% Black women-owned and/or,
- 51% Black-owned and 30% Black youth owned.
- Generic Enterprises that are at least 30% Black owned.
Preferential procurement requirements are integrated with the sourcing and selection criteria in all bp Southern Africa’s procurement activities.

All suppliers selected or awarded a contract shall be required to maintain the same level or improve to a higher level for the duration of their contract.

Enterprise Supplier Development (“ESD”)

bp Southern Africa is committed to driving meaningful gender diversity and inclusion for our suppliers in our supply chain. We positively contribute to social mobility by buying inclusively and developing SMME capability in order to increase our procurement spending with the majority of black-owned suppliers.

The Supplier Development Strategy has aligned with bp Southern Africa’s Strategic Objectives as well as the legislative framework which aims to promote Broad-based Black Economic Empowerment in South Africa.

Our ESD initiatives will ensure:

Improving supplier performance quality and HSSE issues.
Reducing overall costs and supply risk.
Improving the business alignment between the suppliers and bp Southern Africa.
Developing and/or opening supply market access of product lines or services for new entrants.
Generating competition in the bp Southern Africa's supply chain and reducing market dominance by a few suppliers.
Improve bp Southern Africa's competitive position in the market and retain or enhance revenue.