• Introduction
• Value-added statement
• Key sustainability indicators
• Nedbank Group's long-term strategy
• Nedbank Group 2007 strategic framework
• Nedbank Group structure
• Nedbank Group South African operations
• Progress made on group objectives in 2006
• Strategic focus areas for 2007 to 2009
• Key challenges and opportunities for the finance sector
• Chief Executive's statement
• 2006 sustainability highlights
• Report details
• Nedbank Group and human rights - the UN Global Compact
• Stakeholder engagement

• Introduction
• King II implementation plan
• Risk management
• Political contributions and lobbying
• Code of Banking Practice
• Enterprise governance framework
• Money-laundering control
• Values
• Fraud and zero tolerance
• Code of ethics and conflict of interest
• Financial Advisory and Intermediary Services Act
• Relationship with regulators

• Shareholders and the investment community
• Credit ratings
• Shareholder analysis
• Share statistics
• Capital adequacy
• Nedbank Group share performance

• Strategic focus and products
• Nedbank Retail
• Pricing
• Nedbank Corporate
• Nedbank Capital
• Nedbank Group market share
• Client care
• Government market strategy
• Female market strategy
• Dedicated services for non-profit organisations
• Brand management
• Unleashing synergies - alignment with Old Mutual plc and bancassurance

• Human Resources vision and strategy
• Employer branding
• Transforming the business
• Staff statistics
• High-performance culture
• Management Development Programme
• Performance management
• Remuneration, recognition and rewards
• Attraction, retention and development of talent
• Black economic empowerment
• Industrial relations
• Internal communication
• Employee wellbeing

• Nedbank Group and the FSC
• FSC highlights 2006
• FSC scorecard
• Human resources development
• BEE procurement and enterprise development
• Enterprise development
• Providing access to financial services
• Consumer education
• Origination
• Empowerment financing
• Ownership and control
• Corporate social investment

• The Nedbank Foundation
• CSI focus areas: Education
• CSI focus areas: Community development
• CSI focus areas: Economic development
• Staff volunteerism programmes
• Cause-related marketing
• Sponsorships

• Introduction
• Environmental policy
• Environmental and social risk in lending/financing
• Equator Principles
• Socially responsible investment
• Environmentally beneficial products and services
• WWF-SA conservation partnership
• Progress made in 2006
• United Nations Environment Programme
• Training
• Environmental management
• Environmental expenditure
• Summary of headoffice premises

• Introduction
• The Green Trust
• The Nelson Mandela Children's Fund
• The Sports Trust
• The Arts & Culture Trust

• African highlights 2006
• Nedbank Lesotho
• Nedbank Swaziland
• MBCA Bank Zimbabwe
• Nedbank Malawi
• Nedbank Namibia
• Channel Islands
• Nedbank London

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

Six key target areas were identified for 2006, and the following progress was made:

• Revision and expansion of Nedbank’s existing environmental policy. Nedbank’s existing environmental policy has been revised to deal more formally with its Equator Principles commitment, in conjunction with feedback from WWF-SA. We continue to engage with the extractive industry as part of the Equator Principles implementation in Project Finance and the Nedbank Capital Green Mining Awards. Nedbank is participating in a biodiversity project for the finance sector through the United Nations Environment Programme (UNEP FI).
• Training around effective implementation of the Equator Principles for Project Finance. The first external training was completed in 2006, with the next session scheduled for April 2007. An electronic assessment tool is being piloted.
• Developing a more effective environmental management system and ensuring implementation by headoffice and all branches. The first energy and carbon facility audit took place in 2006 and resulted in the preparation of the first carbon footprint of the organisation and protocols for reporting.
• Initiating an environmentally responsible procurement process. Training and awareness presentations were completed for group procurement. Environmental issues were incorporated in the Group Procurement Policy and the review of the top 200 suppliers for environmental/social risk was completed.
• Ensuring more effective staff engagement. Staff competitions run again during August/September 2006. Ongoing awareness of and communication to staff on environmental and sustainability issues, aligned to events such as World Environment Day (June 2006) and Deep Green Day (September 2006).
• Presentations were given to the heads of Retail, Corporate and Capital as well as key management and the Board Transformation and Sustainability Committee.
• Developing a consolidated list of sustainability targets for the next four years that has both WWF-SA and Nedbank Group support. Targets are in place.

Nedbank Group is tremendously proud of its special partnership with WWF-SA and will continue to engage meaningfully with WWF-SA to ensure that the group remains a sector leader in developing best practice across the board for environmental sustainability.

Nedbank Group is also a patron member of the Wildlife and Environment Society of South Africa and supports the excellent work done by the society in environmental protection and education.The group also interacts, on an industry and cross-sectoral level, in a number of other forums such as the National Business Initiative Sustainable Futures Advisory Committee and the JSE’s Environmental Consultative Forum.

Nedbank Group will continue to research new and innovative ways of illustrating our commitment to environmental issues.
	President Mbeki illustrates the importance of partnerships between government, business and civil society.