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South African banks opt out of EACOP financing
Four of South Africa’s five major banks have said they will not support the East African Crude Oil Pipeline (EACOP), in Uganda and Tanzania.
NedbankSouth Africa
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This profile is actively maintainedCreated before Nov 2016
Last update: 2022-04-05 12:52:53
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Nedbank head offices in Sandton Johannesburg. Photo: Paul Saad via Flickr (BY-NC-ND 2.0)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 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.
| Website | http://www.nedbankgroup.co.za/ |
| Headquarters |
135 Rivonia Road
Gauteng 2196 Sandton
South Africa
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| CEO/chair |
Mr. Michael William Thomas Brown CEO |
| Supervisor | |
| Annual report | Annual report 2020 |
| Ownership |
listed on JSE Limited
Nedbank's complete shareholder structure can be accessed here. |
| Complaints and grievances |
Nedbank operates a ‘Talk to the ethics office’, which is available as a mechanism for any external parties to report any human rights concerns. Emails can be sent to TalkToTheEthicsO@nedbank.co.za. |
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.
Dodgy Deals map
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Active profiles
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On record profiles
Policy Assessments
Tracking the Equator Principles
EPFIs reporting status
BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Nedbank Group
2022-03-15
ZAF
2020
2
0
0
1.000000001E+36
0
Explanation
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
For more details see this page.
Banks and Human Rights
Human Rights Benchmark Africa 2021
BankLast update
Country
Score
Ranking
Details
Nedbank
ZAF
4.5
Follower
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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.
News
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Documents
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Policies
Voluntary standards
Nedbank has committed itself to the following voluntary standards:Investment policies
Nedbank's webpage on corporate social responsibility can be accessed here.
Year:
Equator Principles
Implementation and reporting
Nedbank is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Good moves
Year:
