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NedbankSouth Africa
Active
This profile is actively maintained
Last update: 2025-03-06 16:32:23
Nedbank head offices in Sandton Johannesburg. Photo: Paul Saad via Flickr (BY-NC-ND 2.0)
Active
This profile is actively maintained
Last update: 2025-03-06 16:32:23
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About
| Website | http://www.nedbankgroup.co.za/ |
| Headquarters |
135 Rivonia Road
Gauteng 2196 Sandton
South Africa
|
| CEO/chair |
Jason Quinn CEO |
| Supervisor | |
| 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.
Nedbank has committed itself to the following voluntary standards:
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
News
BankTrack
Partners
Blog
External
Resources
Documents
Links
Accountability
Grievances
Nedbank has a grievance procedure in place.
On its Managing Social and Environmental Risk webpage the bank states: "In keeping with our commitment to enabling effective dialogue with our stakeholders, we formalised a grievance procedure for external stakeholders. The public, affected communities and NGOs can now submit queries or concerns about environmental and social aspects of projects that we finance, directly to us, and receive a timely response. Email any social and environmental concerns to the executive head of sustainability at brigittebu@nedbank.co.za."
Nedbank is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates Nedbank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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Banks and Climate
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.
Banks and Human Rights
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.
Human Rights Benchmark Africa 2021
BankLast update
Country
Score
Ranking
Details
Nedbank
ZAF
4.5
Follower
4.5
0
Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.
Good Moves
Good moves
Year:
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