BEE scorecard

The BEE Scorecard, or Broad-Based Black Economic Empowerment Scorecard, is a tool used in South Africa to measure how businesses contribute to economic equality and transformation. It assesses companies based on criteria like ownership, management, skills development, and supplier diversity, promoting inclusivity for previously disadvantaged groups. The scorecard encourages businesses to engage in practices that support social and economic equity, helping to reduce inequality. A higher score reflects better compliance with BEE policies, which can enhance a company's reputation and create opportunities for growth and partnerships in a diverse economy.