The environment

MAKING A WORLD OF DIFFERENCE

Who says a bank can’t change the world? At Nedbank Group we strive to do so, literally. We consider it a strategic imperative to minimise any negative environmental impact of our operations, and encourage our partners and clients to do the same. What’s more, our track record when it comes to preserving our country’s natural heritage speaks for itself.

2008 HIGHLIGHTS AND HAPPENINGS

Index

• South African Carbon Disclosure Leadership Index.

Representation/Signatory

• Climate Neutral Network
• UNEP FI African Task Force.
• UNEP FI Biodiversity and Ecosystem Services Workstream.
• United Nations Global Compact – ‘Caring for Climate’ Programme
• National Energy Efficiency Accord
• National Business Initiative Sustainable Futures Advisory Committee

Internal greening initiatives

• Enhanced coordination and management of environmental initiatives across the group as a result of the formalisation of a Group Environmental Forum supported by the Nedbank Retail Environmental Forum.
• Development of a Climate Change Position Statement.
• Setting of intensity reduction targets and related performance targets and measures.
• Carbon footprint management initiatives.
• Establishment of a Carbon Asset Management Team within Nedbank Capital.
• Enhanced environmental data management and carbon emission disclosure.
• Enhanced consideration of social and environmental risks in our financing and lending decisions.
• Continuation of conservation partnership with WWF-SA.
• Participation in, and funding of, the African Chapter of the Prince’s Rainforest Project.

2009 SUSTAINABILITY GOALS

• Further enhancements in terms of the measurement and management of our environmental impact.
• Enhanced review and influence of the environmental practices of our suppliers
• Enhanced staff and client awareness programmes.
• Implementation of sector guidelines extending the concepts contained in the Equator Principles to other business areas.
• Enhanced environmentally aware product and service offerings.

 

GRI – Financial Services Sector Supplement: FS1, FS2, FS3, FS4, FS5, FS8, FS10, FS11 and FS15