The environment
nedbank's climate change position statement, intensity reduction targets and performance measures
Climate change poses both risks and opportunities to all parts of the business sector, and Nedbank believes in playing its part in increasing energy efficiency and reducing carbon emissions. We recognise that climate change is a major issue that affects the financial sector directly through the operations we run and indirectly through our business investments and that combating climate change will involve large shifts in investment and financing patterns across a wide range of sectors.
In line with our commitment to the environment, 2008 saw the group drawing up a formal Climate Change Position Statement, which serves as a public declaration and pledge to reduce our impact on the environment in terms of energy, water and paper usage as well as carbon emissions. We have set the following intensity reduction targets in line with these commitments and our commitments in terms of the National Energy Efficiency Accord (of which we are a signatory) and our conservation partnership with WWF-SA:
| Resource | Target |
| Energy | 12% reduction by 2015 (from 2005 levels) or 5 335kWh per fulltime employee by 2015 |
| Water | 5% reduction by 2010 (from 2005 levels) or 26,03kl per fulltime employee by 2010 |
| Paper | 10% reduction by 2010 (from 2007 levels) or 0,0594 tons per fulltime employee by 2010 |
| Carbon emissions |
12% reduction by 2015 (from 2007 levels) or 7,67 tons per fulltime employee by 2015 |
The intensity reduction targets set to address our direct carbon emissions have been incorporated in the performance assessment measures in the 2009 performance scorecards and form an integral part of our strategic approach to lead as a corporate citizen.
A copy of our Climate Change Position Statement is available on our website at www.nedbankgroup.co.za.
