Sustainability overview
Sustainability has become a key driving force in the growth of Nedbank Group, underpinning the long-term targets that have guided the group's progress in recent years and forming the foundation of the cultural transformation programme
Sustainability is fundamental to ensuring financial prosperity and stability for investors and staff, integrating social and environmental responsibility for local communities and the countries in which the group operates, and remaining relevant and accessible to clients. Sustainability is a crucial part of the Nedbank culture, and one of the group's Deep Green aspirations remains 'to be highly involved in the community and environment'.
Nedbank is positioned as a caring bank for all South Africans, and sustainability considerations have been integrated into business practices. During 2007 the group contributed more than R44,1 million (2006: R42 million) to a broad range of community projects through the Nedbank Foundation, the BoE trusts and payroll giving, as well as the Green, Sports and Arts & Culture Trusts and the Nelson Mandela Children's Fund.
Sustainability, good governance, transparency and detailed reporting are integral to maintaining the group's credibility among its stakeholders. Progress in this regard was recognised when the Nedbank Group 2006 Sustainability Report was ranked third in the Ernst & Young Sustainability Reporting Awards for 2007. A further gratifying achievement was the group being acknowledged as the Emerging Markets Sustainable Bank of the Year: Mid-East and Africa at the Financial Times Sustainable Banking Awards in London. During 2007 Nedbank was included for the fourth consecutive year in the local JSE Socially Responsible Investment Index and the Dow Jones World Sustainability Index.
| This page was updated on 28 April, 2008 |  Return to top |
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