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FACILITATING ENVIRONMENTAL SUSTAINABILITY THROUGH PRODUCTS AND SERVICES
Nedbank Group recognises that it is in a position to
influence the behaviours of its clients, and encourages
or enables them to have a positive environmental
impact through the solutions it offers.
Some of the green products and services offered by the
group in 2011 included:
THE NEDBANK GREEN AFFINITY
Nedbank Group clients can support environmental
causes via the The Green Trust simply by choosing to
use Nedbank Green Affinity banking, investment or
insurance products. The group donates money to the
trust on behalf of these clients at no cost to them. In
2011 Nedbank Green Affinity donations to The Green
Trust amounted to R8,7m (2010: R6,3m).
NEDBANK SAVVY ACCOUNT
The Nedbank Savvy Electronic account is ideal for
environmentally aware Nedbank clients. This fully
electronic current account offers a full range of
transactional capabilities, but is completely paperless.
It is also linked to the Nedbank Green Affinity. Account
numbers grew by 75% from 103 000 in 2010 to 180 000
in 2011.
THE NEDBANK GREEN INDEX
In 2011 Nedbank Capital launched SA's first Green Index
to serve as a benchmark for environmentally conscious
investors. The index measures the performance of
companies with environmentally sustainable business
practices and combines their environmental credentials
with predetermined liquidity screening criteria to
create an investable environmental sustainability
index. The index is also tangible proof of the viability
of green businesses and will serve to encourage
mother organisations to enhance their environmental
sustainability efforts in order to make it onto the index.
THE NEDBANK BGREEN EXCHANGETRADED
FUND
In 2011 Nedbank Capital launched the Nedbank
BGreen Exchange-traded Fund (ETF). A first in SA, the
vehicle allows retail and institutional investors to invest
based on their environmental convictions without
sacrificing performance or returns. The Nedbank
BGreen ETF is based on the Nedbank Green Index,
which was launched in July 2011 as a benchmark for
environmentally conscious investors and a means
of measuring the performance of companies with
environmentally sustainable business practices.
ESTATEMENTS
Nedbank Group continues to recommend to its clients
that they convert to electronic statements. This
offering is available for clients with current accounts,
cards, home loans and vehicle finance. For every current
account client that chooses to convert to eStatements
the bank donates 25 cents to The WWF–Nedbank
Green Trust. This money, R2,4m for 2011, is earmarked
for the support of projects on the trust's Climate
Change Programme.
SOLAR WATER HEATER PROGRAMME
As part of its support of the government's solar water
heater programme, Nedbank Group has introduced
a comprehensive solar water heater initiative, which
includes the option for clients to replace burst geysers
with solar geysers. The initiative was launched in 2011
and 82 Nedbank clients have used the facility to install
affordable solar geysers in their homes or businesses.
CARBON FINANCING
Nedbank Capital's Carbon Finance Team provides
forward-thinking finance solutions, guidance and advice.
They partner with clients to help them contribute to,
and benefit from, the green economy.
GREENBACKS 'GREEN STREAM'
Nedbank Group's Greenbacks loyalty programme
includes a 'green stream' that allows members to redeem
loyalty points for goods that are environmentally friendly
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