By choosing the PawPrint Africa Project, companies are choosing an organisation with integrity in which to invest their Corporate Social Responsibility budgets.
Companies in South Africa also benefit from a BEE perspective, through this Corporate Social Responsibility initiative, in one of the most rewarding ways.
Socio-economic Development is one of seven elements that companies can use as a means of becoming B-BBEE compliant. SED refers to projects in the fields of environmental conservation; education and awareness; infrastructural and rural development; enterprise creation; healthcare and HIV/AIDS; primary, secondary and tertiary education; community training and skills development; development of women, youth, people with disabilities and people living in rural areas; and arts, cultural and sporting development programmes.
Contributions can be monetary, in the form of grants, direct costs incurred in assisting beneficiaries and payments made to a third party such as PawPrint Africa Project to perform SED on your behalf; or non-monetary, in the form of time spent training or mentoring beneficiary communities. The full value of a company’s SED contributions will be recognised as long at as least 75% of the value directly benefits black people.
Supporting the PawPrint Africa Project can result in a company receiving full credits for socio-economic development. On the Generic scorecard, a 1% net profit after tax contribution towards socio-economic development will earn 20 points. Assuming a company is already B-BBEE compliant, an increase by 20% will result in this company moving up at least one compliance level, if not two.
On the QSE scorecard, a 1% net profit after tax contribution towards socio-economic development will earn 50 points. Assuming a company is already B-BBEE compliant, this could result in the company increasing its compliance status by 5 levels.
Should a company not be compliant, these contributions alone will result in the company not only being compliant, but due to the number of points, automatically receiving a level 6 compliancy.