- Weak South African GDP growth
- Record-level electricity shortages
- High interest rates and inflation
- Increased competition
- Geopolitical tensions
- Increased cybercrime and fraud
- Skills shortages
- Regulatory demands
- Climate change impacts
Nedbank Group Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Nedbank Group Limited disclosed greenhouse gas emissions of 113.3K ktCO2e (own operations). 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
113.3K ktCO2e (own operations)
2023
Renewable Energy
6.1%
of total energy
Water Usage
159.1K kℓ (up 10%)
2023
Waste
154 tons (to landfill), 427 tons (recycled)
2023
Energy Use
88.5K MWh (down 13%)
2023
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 113.3K ktCO2e (own operations) |
| 2021 | 132.8K tCO2e |
| 2018 | 197.0K tCO2e/year |
| 2017 | 205.6K tCO2e |
| 2015 | 226.3K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced own operational GHG emissions by 12% in 2023 to 113,339 ktCO2e
- Increased renewable energy share to 6.1% of total energy use (from 1% in 2022)
- Published first Nature Position Statement
- Disclosed fossil fuel glidepaths aiming to reduce thermal coal emissions by 47% and oil & gas emissions by 26% by 2030
- Carbon-neutral operations since 2010
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 40% by 2025 (from 2019 levels)
- Reduce own operational carbon emissions by >40% by 2025 (from 2019 levels)
- Increase renewable energy to >30% by 2025
📅 Medium-term
- Increase DHEPS by >CPI + GDP + 5% CAGR to end 2025
- Achieve ROE of 17% by 2025
- Cost-to-income ratio below 52% by 2026
- Retain #1 position in NPS
- Increase SDG-aligned financing to 20% of gross loans and advances by 2025
🔭 Long-term
- Increase ROE to 18% or more by 2025
- Cost-to-income ratio below 50%
- Net-zero emissions by 2050
- Zero fossil fuel exposure by 2045
🌱 ESG Focus Areas
Climate ChangeJust TransitionDiversity, Equity, and InclusionSustainable Development FinanceGood Governance