- Covid-19 pandemic and subsequent lockdowns
- South African macroeconomic challenges
- Increased competition
- Cybersecurity threats
- Climate change impacts
Nedbank Group Limited
Greenhouse gas emissions & sustainability report data
In its 2020 reporting, Nedbank Group Limited disclosed greenhouse gas emissions of 137.5K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
137.5K tCO2e
2020
Water Usage
191.2K k
2020
Waste
116 tons to landfill, 329 tons recycled
2020
✅ Reported Environmental Achievements
- Carbon-neutral operations
- Effectively net-zero operational water usage
- Raised R2.0bn in green (SDG) bonds and disbursed R31bn renewable-energy deals, adding > 3 500 MW to the national grid
🎯 Climate & Sustainability Targets
🔜 Short-term
- Adopt and disclose new energy policy by April 2021
- Report on approach to measuring, disclosing and assessing climate-related risks by April 2021
📅 Medium-term
- Exceed 2019 DHEPS level of 2,565 cents by 2023
- Achieve ROE greater than 2019 level of 15% by 2023
- Reduce cost-to-income ratio to below 54% by 2023
- Rank number one in NPS among South African banks by 2023
🔭 Long-term
- Grow DHEPS at or above nominal GDP plus 5%
- Achieve ROE above 18%
- Reduce cost-to-income ratio to below 50%
- Thermal-coal funding to be less than 0.5% of gross loans and advances by 2030
- 100% of lending and investment activity supporting a net-zero carbon economy by 2035
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernance