NedbankSouth Africa
Created before Nov 2016
Last update: 2019-04-30 14:42:07
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About Nedbank

Nedbank Group Limited (‘Nedbank Group’) is a bank holding company which is one of the four largest banking groups in South Africa, with Nedbank Limited as their principal banking subsidiary. The bank was originally founded in 1888 in Amsterdam as the Nederlandsche Bank en Credietvereeniging ('Dutch Bank and Credit Union'). The bank expanded to South Africa in 1951 as the Netherlands Bank of South Africa Limited. The bank offers wholesale and retail banking services as well as insurance, asset management and wealth management.

Website http://www.nedbankgroup.co.za/
Headquarters
135 Rivonia Road
Gauteng 2196 Sandton
South Africa
CEO/chair Mr. Michael William Thomas Brown
CEO
Supervisor
South African Reserve Bank
Annual reports Annual integrated report 2018
Sustainable Development Review 2017
Ownership
listed on JSE Limited

Nedbank's largest share holder is Old Mutual Life Assurance Company Ltd., with 53.32% ownership.

Related Dodgy Deals

Nedbank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

There are no active projects for Nedbank now.

Projects - on record profiles

Kusile coal power plant South Africa profile

energy plants - coal
Debt – corporate loan
EUR 705 million
December 2009
Part of € 705 million syndicated loan - ECA/Euler Hermes-covered loan used to fund part of the foreign content of the Kusile boiler contract with Hitachi Power Europe (HPE)
source: Eskom Press Release

Thabametsi coal power plant South Africa profile

energy plants - coal
Approached, interested
source: Thabametsi Power Company
link

Companies - active profiles

There are no active companies for Nedbank now.

Companies - on record profiles

Glencore Switzerland profile

mining - coal
Debt – corporate loan
EUR 91.1 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Sappi South Africa profile

forestry - pulp and paper
Debt – corporate loan
ZAR 397 million
2014
Loan due 2014
Debt – corporate loan
ZAR 255 million
2013 - 2016
source: SSA04
Debt – corporate loan
ZAR 500 million
2013 - 2018
source: SSA05
Debt – corporate loan
ZAR 745 million
2013 - 2020
source: SSA06
Debt – corporate loan
ZAR 750 million
2012 - 2015
Debt – corporate loan
ZAR 500 million
2011 - 2016

Dodgy Deals map

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News

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Type:
Year:
blog
external news
our news

Is your cash fuelling the climate crisis?

2019-11-25 | Mail & Guardian Online
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

FirstRand joins exodus of banks funding new coal-fired power plants

2019-02-03 | Daily Maverick
blog
external news
our news

Nedbank withdraws funding for new coal IPPs

2019-01-29 | EE Publishers
blog
external news
our news

Nedbank withdraws funding for new coal IPPs

2019-01-29 | EE Publishers
blog
external news
our news

Gunvor joins other commodity players with sustainability-linked loan led by ING

Participating banks in the Gunvor facility include ABN Amro, CA Indosuez, Credit Suisse, DBS Bank, KfW Ipex-Bank, Mizuho, MUFG Bank, Nedbank, Rabobank, Raiffeisen, Société Générale, Sumitomo Mitsui Trust Bank and UniCredit.
2018-10-17 | Global Trade Review
blog
external news
our news

What Banking Officials Told South African Corruption Inquiry

2018-09-18 | Bloomberg
blog
external news
our news

Nedbank is moving on coal power, but two plants are stuck on its radar

The South African bank is the first from the Global South to move out of new coal plants, but is still backing Thabametsi and Khanyisa
2018-04-10 | Robyn Hugo - Centre for Environmental Rights, Yann Louvel – BankTrack
blog
external news
our news

Battle against the climate-destroying coal IPPs escalates

2018-04-03 | Centre for Environmental Rights
blog
external news
our news

Fake green hues in big banks’ environment-friendly boasts

2018-03-22 | BusinessDay
blog
external news
our news

How green is our Nedbank?

2014-12-07 | News24.com
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

Nedbank in African carbon neutrality first

2010-07-29 | SouthAfrica.info
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Mind the Gap: BankTrack rates credit policies of 45 banks

New report shows continuing gap between policies and practice
2007-12-19 | Utrecht | BankTrack

Documents

| | | | | | | | | | | |
Type:
Year:
ngo documents

Open Letter to Sappi CEO

2020-03-12 00:00:00 | GeaSphere
csr policies

Managing social and environmental risk

Date listed represents date as accessed on website
2019-08-06 00:00:00 | Nedbank
annual reports

Annual integrated report 2018

2019-04-30 00:00:00 | Nedbank
bank documents

Sustainable development review 2018

2019-04-30 00:00:00 | Nedbank
csr policies

Approach to fraud & corruption activities

2019-01-01 00:00:00 | Nedbank
csr policies

Approach to social sustainability

2019-01-01 00:00:00 | Nedbank
csr policies

Climate change position statement

2018-12-01 00:00:00 | Nedbank
annual reports

Integrated Report 2017

2018-04-10 00:00:00 | Nedbank
annual reports

Sustainable Development Review 2017

2018-04-10 00:00:00 | Nedbank
csr policies

Approach to social sustainability

2017-12-31 00:00:00 | Nedbank
annual reports

Consolidated financial statements 2016

2017-06-01 00:00:00 | Nedbank Group
bank documents

Sustainability review 2016

2017-04-30 00:00:00 | Nedbank
annual reports

Supplementary report; 2015 Global Reporting Initiative G4

2016-08-30 00:00:00 | Nedbank Group Ltd.
annual reports

Consolidated financial statements 2015

2016-03-01 00:00:00 | Nedbank Group Ltd.
bank documents

Transformation report 2015

Black economic Empowerment
2016-03-01 00:00:00 | Nedbank
annual reports

Supplementary sustainability review 2014

2015-04-09 00:00:00 | Nedbank Group Ltd.
annual reports

Integrated Report 2014

2015-04-09 00:00:00 | Nedbank Group Ltd.
csr policies

Human Rights Statement

2015-04-09 00:00:00 | Nedbank
bank documents

Fair Share 2030

2015-04-09 00:00:00 | Nedbank
bank documents

The Makira project

A REDD project in Madagascar
2015-02-16 00:00:00 | Nedbank
bank documents

Carbon Footprint Guide

2013-12-31 00:00:00 | Nedbank
csr policies

Code of Ethics

2013-07-01 00:00:00 | Nedbank
annual reports

2012 Integrated Report

for the year ended 31 December 2012
2013-03-09 00:00:00 | Nedbank
annual reports

Annual Report 2011

2012-06-21 00:00:00 | Nedbank
annual reports

Annual report 2010

2011-04-21 00:00:00 | Nedbank
correspondence

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
our publications

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
bank documents

Access to information statement

2007-06-13 00:00:00 | Nedbank Group
bank documents

Carbon disclosure Project: response CDP 5

2007-05-31 00:00:00 | Nedbank Group

Links

Nedbank sustainability webpage

https://www.nedbank.co.za/content/nedbank/desktop/gt/en/aboutus/green-and-caring/sustainability/sustainability-approach.html

Policies

Voluntary initiatives

Nedbank has committed itself to the following voluntary standards:

Investment policies

Nedbank's webpage on corporate social responsibility can be accessed here.

Year:
csr policies

Managing social and environmental risk

Date listed represents date as accessed on website
2019-08-06 00:00:00 | Nedbank
csr policies

Approach to fraud & corruption activities

2019-01-01 00:00:00 | Nedbank
csr policies

Approach to social sustainability

2019-01-01 00:00:00 | Nedbank
csr policies

Climate change position statement

2018-12-01 00:00:00 | Nedbank
csr policies

Approach to social sustainability

2017-12-31 00:00:00 | Nedbank
csr policies

Human Rights Statement

2015-04-09 00:00:00 | Nedbank
csr policies

Code of Ethics

2013-07-01 00:00:00 | Nedbank

Equator Principles

Implementation and reporting

Nedbank is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

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Thabametsi coal power plant South Africa

energy plants - coal

Good moves

Year: