• 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

Nedbank has adopted the Global Reporting Initiative (GRI) sustainability guidelines on economic, environmental and social performance as a basis for the group’s sustainability reporting. The new G3 guidelines are being used for the first time, with a focus on core indicators and selected additional indicators.

GRI  indicator			Topic			Description
General performance indicators
1.1			The group’s vision, mission, purpose and strategy. Statement from Chief Executive describing key issues.			Progress made on objectives for 2006, strategic focus areas 2007 – 2009 report details. Chief Executive’s statement.
1.2			Description of key impacts, risks and opportunities.			Key challenges and opportunities for the finance sector.
Organisational profile
2.1 – 2.10			Organisational profile.			Report details, about Nedbank Group,
						products, value-added statement,
						key sustainability indicators.
Report parameters
3.1 – 3.4			Report profile.			Report details, sustainability in our African/international operations.
3.5 – 3.11			Report scope and boundary.			Report details, verification statement.
3.13			Assurance.			Verification statement.
Governance, commitments and engagements
4.1 – 4.10			Governance.			Enterprise Governance and Compliance, report details.
4.11 – 4.13			Commitments to external initiatives.			Report details.
4.14 – 4.17			Stakeholder engagement.			Stakeholder engagement, the environment, report details.
Economic performance indicators
EC1			Economic value generated and distributed, including revenues,employee compensation, operating costs, donations and othe rcommunity investments, retained earnings, and payments to capital providers and governments.			Key sustainability indicators, value-added statement, clients, annual report.
EC 2			Financial implications and other risks and opportunities for the			Nedbank Group and climate change.
			organisation’s activities due to climate change.
EC3			Coverage of the organisation’s defined-benefit plan obligations.			Remuneration.
EC4			Significant financial assistance received from government.			n/a
EC5			Range of ratios of standard entry-level wage compared with local			Project Catalyst, HR highlights.
			minimum wage at significant locations of operation (additional).
EC6			Policy, practices and proportion of spending on locally based			Annual report, BEE procurement.
			suppliers at significant locations of operation.
EC7			Procedures for local hiring and proportion of senior management hired from the local community at significant locations of operation.			Value-added statement, staff matters, African operations.
EC8			Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement.			Value-added statement, annual report. FSC & BEE, Corporate Social Investment.
Environmental performance indicators
EN1 – 25			Materials, energy consumption, water usage, biodiversity,emissions, effluents, and waste.			Environmental management. United Nations Environment Programme.
EN26 – 27			Products and services.			The environment, The Green Trust, Go Green.
EN28			Compliance.			Environmental policy and management.
EN30			Total environmental expenditures by type.			The environment – environmental expenditure.
Social performance indicators
Labour practices
LA1			Total workforce by employment type, employment contract and region.			Staff statistics, Financial Sector Charter.
LA2			Total number and rate of employee turnover by age group,			Staff statistics.
			gender and region.
LA4			Percentage of employees covered by collective-bargaining			Industrial relations.
			agreements.
LA5			Minimum notice period(s) regarding significant operational			Industrial relations.
			changes, including whether it is specified in collective-bargaining
			agreements.
LA6			Percentage of total workforce represented in formal joint			Occupational health and safety.
			management-worker health and safety committees that help
			monitor and advise on occupational health and safety
			programmes (additional).
LA7			Rates of injury, occupational diseases, lost days and absenteeism ,and number of work-related fatalities by region.			Occupational health and safety, HIV/Aids.
LA8			Education, training, counselling, prevention and risk-control			Employee wellbeing, HIV/Aids.
			programmes in place to assist workforce members and their
			families or community members regarding serious diseases.
LA9			Health and safety topics covered in formal agreements with trade			HIV/Aids.
			unions (additional).
LA10			Average hours of training per year per employee by employee category.			Learnership and skills development.
LA12			Percentage of employees receiving regular performance and careerdevelopment reviews (additional).			Career management, performance management.
LA13			Composition of governance bodies and breakdown of employees			Staff statistics, employment equity.
			per category according to gender, age group, minority group
			membership and other indicators of diversity.
LA14			Ratio of basic salary of men to women by employee category.			Project catalyst.
Human rights
HR1			Percentage and total number of significant investment agreements			Report details, staff matters,
			that include human rights clauses or that have undergone human			Equator Principles.
			rights screening.
HR2			Percentage of significant suppliers and contractors that have			Procurement.
			undergone screening on human rights and actions taken.
HR4			Total number of incidents of discrimination and actions taken.			Industrial relations.
HR5			Operations identified in which the right to exercise freedom of			n/a
			association and collective bargaining may be at significant risk,
			and actions taken to support these rights.
HR6 – 7			Operations identified as having significant risk for incidents of			n/a
			child/labour forced or compulsory labour, and measures taken to
			contribute to the elimination of child labour.
Society
SO1			Nature, scope and effectiveness of any programmes and practices that assess and manage the impacts of operations on communities, including entering, operating and exiting.			Corporate social investment, Financial Sector Charter, the environment, enterprise governance and compliance, report details, Chief Executive’s statement.
SO2			Percentage and total number of business units analysed for risks related to corruption.			Money-laundering control, fraud and zero tolerance, ethics.
SO3			Percentage of employees trained in organisation’s anticorruption policies and procedures.			Money-laundering control, fraud and zero tolerance.
SO4			Actions taken in response to incidents of corruption.			Fraud and zero tolerance.
SO5			Public policy positions and participation in public policy development			Political contributions and lobbying,
			and lobbying.			Code of Banking Practice.
SO6			Total value of financial and in-kind contributions to political parties,			Political contributions and lobbying.
			politicians, and related institutions by country.
SO8			Monetary value of significant fines and total number of			n/a
			non-monetary sanctions for non-compliance with laws and regulations.
Product responsibility
PR1			Life cycle stages in which health and safety impacts of products			Clients.
			and services are assessed for improvement, and percentage of
			significant products and services categories subject to such procedures.
PR3			Type of product and service information required by procedures, and percentage of significant products and services subject to such information requirements.			FAIS, responsible lending, responsible product and information labelling.
PR5			Practices related to client satisfaction, including results of surveys			Client care.
			measuring client satisfaction (additional).
PR6			Programmes for adherence to laws, standards and voluntary codes			Brand management.
			related to marketing communications, including advertising,
			promotion and sponsorship.
PR9			Monetary value of significant fines for non-compliance with laws			n/a
			and regulations concerning the provision and use of products and services.