GRI – Financial Services Sector Supplement:
FS2, FS3, FS5, FS9 and FS10
True sustainability cannot be achieved in isolation. It is not a separate strategic objective that can be planned for on its own, but rather encompasses every area of the organisation. For this reason, sustainability is at the heart of Nedbank Group’s business strategy. It is the ‘golden thread’ that ties together everything that is done, and it is only by placing sustainable practices and philosophies at the heart of our business that Nedbank Group will achieve its vision of becoming southern Africa’s most highly rated and respected bank.
Building on this understanding, we have also come to embrace the fact that sustainability involves many diverse facets. As such, the journey towards sustainability must take place in a holistic and integrated manner. In the case of Nedbank Group, this approach brings together the essential elements of economic, environmental, social and cultural sustainability to unlock synergies across the business and deeply entrench sustainability within the very fibre of our bank.
Sustainability, therefore, informs thinking, behaviour, action, business, and planning for the future. This, in turn, maximises our operational efficiencies and, ultimately, our profitability. It also ensures that we are in a position to make a lasting contribution to helping address the political, social, economic, transformational and cultural issues in our bank and our country, enhance the lives of the people who bank and work with us, preserve our planet for current and future generations, and make life better for as many people as we can along the way.
As a result of the sustainability initiatives undertaken in 2009, and outlined in this report, Nedbank Group finds itself more resilient and adaptable, and more focused on moving forward as an organisation that not only lives out its brand aspiration to Make Things Happen, but also influences others to do the same.