- 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.|