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Last update: 2023-03-23 16:17:40

Active

This profile is actively maintained

Last update: 2023-03-23 16:17:40

About

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
Ownership	listed on JSE Limited Nedbank's complete shareholder structure can be accessed here.

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 its 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.

Sustainability

Commitments

Policies

Voluntary standards

Nedbank's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Climate change

Managing Social and Environmental Risk

Climate change position statement

Bank policy

2022-05-25 00:00:00 | Nedbank

Energy policy

Bank policy

2022-03-02 00:00:00 | Nedbank

Financial policy on thermal coal related activities

Bank policy

2020-05-18 00:00:00 | Nedbank

Managing social and environmental risk

Date listed represents date as accessed on website

Bank policy

2020-04-16 00:00:00 | Nedbank

Code of ethics & conduct policy

Bank policy

2019-05-30 00:00:00 | Nedbank

Human Rights Statement

Bank policy

2019-05-01 00:00:00 | Nedbank

Sustainable development framework

Bank policy

2019-03-19 00:00:00 | Nedbank

Approach to fraud & corruption activities

Bank policy

2019-01-01 00:00:00 | Nedbank

Approach to social sustainability

Bank policy

2019-01-01 00:00:00 | Nedbank

Responsible investment guidelines

Bank policy

2018-06-08 00:00:00 | Nedbank

Nedbank has committed itself to the following voluntary standards:

Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions

Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development

Global Reporting InitiativeTags: sustainable development | human rights

Natural Capital DeclarationTags: sustainable development | finance | natural resources | corporate social responsibility

Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations

UNEP Finance InitiativeTags: United Nations | sustainable development

United Nations Global CompactTags: United Nations | human rights

Universal Declaration of Human RightsTags: human rights | United Nations

Dodgy Deals

Nedbank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Nedbank's link to these deals.

Projects / Companies

Finance type

Year

Campaigns

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Nedbank’s fossil fuel policy below.

Assessment of Nedbank's coal policy in the Coal Policy Tool

Banks and Human Rights

BankTrack assessed Nedbank in its 2021 Human Rights Benchmark Africa, where it achieved 4.5 points out of 14 and was ranked as a 'follower'. More information is detailed in the "Accountability" section of this profile.