STAKEHOLDER ENGAGEMENT

EFFECTIVE STAKEHOLDER ENGAGEMENT REMAINS CENTRAL TO THE EFFECTIVENESS OF NEDBANK GROUP’S COLLABORATIVE APPROACH TO ECONOMIC, ENVIRONMENTAL, SOCIAL AND CULTURAL SUSTAINABILITY.

In addition to enhancing risk management, effective engagement with the group’s stakeholders presents it with numerous opportunities, both to drive performance and to extend its positive influence.

In keeping with the group’s aspiration to ‘lead through collaboration’, such stakeholder engagement extends far beyond mere rules driven disclosure or regulatory requirements. Rather, Nedbank Group considers stakeholder engagement a strategic imperative and seeks continually to evolve and innovate in terms of the way in which it builds inclusive, mutually beneficial relationships based on transparency, respect and idea sharing.

So, while stakeholder engagement within Nedbank Group may be decentralised and take many different forms, the ultimate aim is the same: to work with those who have an interest in the group’s business to ensure sustainable performance and beneficial outcomes for all stakeholders.

Details of Nedbank Group’s stakeholder engagement during 2010 can be found in the Sustainable Development Performance section of this report click here.