About Nedbank Group

2009 – 2011 SUSTAINABILITY GOALS

As transformation touches every area of our business, including our staff, shareholders, clients, procurement practices, business partners, the community and the environment, we will continue on our journey to transform our organisation into a truly South African bank, as seen by all our stakeholders, while playing an increasing role in uplifting our country, its environment and its people.

Being great at listening, understanding clients’ needs and delivering on those needs are at the heart of our strategy and are summarised as being ‘client-driven’. We do not believe that there is a considerable sustainable advantage in product, price or distribution, and our focus will therefore continue to be on delivering worldclass service.

Retaining, developing and attracting talent is core to the sustainable success of our organisation. Our culture has become increasingly important as a differentiating factor in the way we make decisions, treat clients, embrace the community, take accountability and care for others and our families, and in the way we do business. We undertake to continue with our journey to foster a culture of caring for the environment and our society.

We will focus attention on further educating and informing our employees, clients and suppliers in respect of social and environmental initiatives, providing them with practical examples and knowledge to enable them to continue to manage their social and environmental risks through, among others, reducing their carbon footprint personally, at home and in the workplace.

Nedbank is committed to developing innovative products and solutions for our clients that benefit both the individual and the environment. We are also committed to developing innovative financing solutions to facilitate investment in clean energy and energy efficiency projects. Nedbank’s energy project finance team is financing a number of renewable energy projects and will increase investments in this sector and other clean technologies, wherever possible. We have set up a carbon finance team, which is involved in the origination of Clean Development Mechanism projects under the framework of the Kyoto Protocol. For details in this regard please refer to our website at www.nedbankgroup.co.za.

We will continue to provide opportunities for staff to participate in environmental and social sustainability initiatives, remaining engaged both as an organisation and as individual employees so as to contribute to a consciousness shift within our organisation and within society at large.

Nedbank believes in playing its part in addressing climate change through, among others, increasing our energy, water and paper efficiency and reducing our carbon emissions. We also believe that we have a role to play in enabling the country’s transition from a carbon-intensive economy to more efficient low-carbon alternatives though the financing decisions we make. We will endeavour to work directly with our clients to mitigate the risks arising from climate change and climate variability.

Selby Baqwa
Group Executive: Governance and Compliance