Nedbank Group
design element
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Sustainability is about ensuring financial prosperity and stability for our investors and staff, integrating social and environmental responsibility for our local communities and the countries in which we operate, and remaining relevant and accessible to our clients
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The agreed measurement methodologies, as per the Charter Council Guidelines document, have been used. The targets reflected are based on those negotiated,agreed and published by the various industry work groups (IWG) after agreement with the Operating Board of the Banking Association South Africa and, in some instances, by the Charter Council.

Summary comparative scorecard

  Charter target       Audited results
          2006     2005   2004    
                         
 Human resources development 20       16,69     9,73   0,38    
                         
 Employment equity                        
   Senior management 25,0 %     18,9 %   15,0 % 10,7 %  
   Middle management 30,0 %     30,7 %   27,0 % 19,5 %  
   Junior management 45,0 %     42,0 %   38,1 % 33,4 %  
 Skills development 1,5 %     1,5 %   1,2 % 1,4 %  
 Black learnerships 3,0 %     2,1 %   2,2 % 0,9 %  
                         
 Procurement and enterprise development  15       13,79     10,47   4,51    
                         
 Procurement and enterprise development 50,0 %     46,0 %   34,9 % 22,0 %  
                         
 Access to financial services 18       11,35     8,78   3,43    
                         
 Access to financial services 835 000       56,9 %   28,0 % 2,9 %  
 Origination (Rm)                        
   Affordable housing (Rm) 8 800       74,9 %   47,5 % 20,2 %  
   Black agriculture financing (Rm) 225       21,0 %   8,4 % 3,6 %  
   Black SME financing (Rm) 1 000       103,2 %   63,7 % 51,3 %  
 Consumer education 0,2 %     110,0 %   136,0 % 170,0 %  
                         
 Empowerment financing 22       22,00     15,50   7,13    
                         
 Targeted investment (Rm) 6 500       124,9 %   61,7 % 33,5 %  
 BEE transaction financing (Rm) 4 555       186,7 %   111,0 % 38,9 %  
                         
 Direct empowerment 22       20,00     18,30   7,19    
                         
 Ownership 25 % @2010   11,5 %   11,5 % 0,0 %  
 Board of directors 33 %     53,3 %   43,8 % 40,0 %  
 Executives (appointed by the board) 25 %     27,3 %   18,2 % 30,0 %  
                         
 Corporate social investment 3       3,00     3,00   3,00    
                         
 Corporate social investment 0,50 %     1,14 %   2,80 % 2,85 %  
                         
 Net profit after tax (Rm)         3 172,6     1 471,0   1 334,0    
                         
 Score (2006 to be ratified by FSC Council)         86,63     72,79   25,55