ABOUT NEDBANK GROUP

Sustainability: it's in our genes

Nedbank is the first large Corporate in South Africa to be going carbon neutral.At Nedbank our aim is to achieve net zero carbon emissions by continuing to reduce the size of our carbon footprint through implementing behavioural change in our staff and how we do business. We will be offsetting the balance of the carbon emisssions by buying carbon credits and funding a portfolio of climate change projects.

In 1990 we embarked on a journey towards sustainability.

And what began as an ambitious business strategy is today a way of life. Not only for all Nedbank staff, but also for the clients, shareholders, regulators and community members with whom our business brings us into contact every day. Because if there’s one thing our journey has taught us, it’s that sustainability is part of our identity.


	1990 Launched The Green Trust with WWF-SA. > Established sustainability function, supported by relevant governance structures and policies.


	1994 Launched The Sports and Arts & Culture Trusts.


	2002 Launched Team Challenge, Local Hero and Angel Tree, aimed at embedding a culture of social and environmental responsibility among staff.


	2003 First African bank to join the United Nations Environment Programme Financial Initiative (UNEP FI). > Executive appointment accountability for the Financial Sector Charter (FSC).


	2004 Included in the Dow Jones World Sustainability Index (still the only African bank and one of only 25 banks worldwide to be included). > Included in the JSE Social Responsibility Index. > FSC implemented. > Launched Mzanzi Accounts for the previously unbanked.


	2005 First African bank to adopt the Equator Principles. > Formal commitment to the UN Global Compact Initiative. > Launched the Children’s Affinity in partnership with the Nelson Mandela Children’s Fund. > Launched Deep Green Day, aimed at encouraging staff involvement in communities and the environment. > Concluded broad-based BEE transaction.


	2006 Formal conservation partnership formed with WWF-SA. > Integrated sustainability into all business processes. > Launched Eyethu employee share scheme. > Launched a series of financial education programmes (Johannesburg). > Became a signatory to the Carbon Disclosure Project. > Earned a triple A rating from Innovest Strategic Advisors Inc. > Awarded South African Bank of the Year byThe Banker magazine. > Received Banker of the Year Award, Investment Awards. > Received accountability rating at Business Map BEE Awards. > Became a signatory to the National Energy Efficiency Accord. > Launched the Nedbank Capital Green Mining Awards.


	2007 Awarded Financial Times Emerging Markets Sustainable Bank of the Year for the Middle East and Africa. > Measured groupwide carbon footprint. > Introduced groupwide climate change programme. > Introduced green procurement principles. > Introduced AskOnce service commitment to clients.


	2008 Released Climate Change Position Statement. > Implemented energy reduction targets and internal initiatives to achieve them. > Established environmental forum. > Declared leading financial institution in SA Carbon Disclosure Project Leadership Index. > Joined Prince’s Rainforests Project. > Co-chair of the UNEP FI African Task Force.


	2009 Announced commitment to achieve carbon neutrality. > Introduced an integrated group social and environmental three-year business plan. > Rated leading 'green' corporate in the SA Ask Afrika Trust Barometer ®. > Received a four-star Green Star SA rating for Nedbank phase II building (Sandton).


	> Provided with a R2 bn credit line from the IFC and African Development Bank. > Established a carbon finance team. > Became a founding member of the United Nations Climate Neutral Network.

> Initiated internal sustainability e-learning channel.

> Introduced flexible work    practices for staff.

> Introduced a sustainability    code of conduct for    suppliers.

> Launched community-
   building programme, Local    Hero, to the public.

> Awarded Financial Times    Emerging Markets    Sustainable Bank of the    Year for the Middle East and    Africa.

Ranked first in the SA Carbon Disclosure Project Leadership Index.

> Became a signatory to UNEP FI’s official statement on climate change and the Copenhagen Communiqué.

> Achieved level 2 BEE contributor status.

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