Nedbank
Nedbank Group Limited, commonly known as Nedbank, is a prominent financial institution headquartered in Johannesburg, South Africa (ZA). Established in 1888, Nedbank has evolved into one of the largest banks in the country, with a strong presence across various operational regions in Southern Africa. Operating within the banking and financial services industry, Nedbank offers a comprehensive range of products and services, including personal and business banking, investment solutions, and wealth management. What sets Nedbank apart is its commitment to sustainability and innovation, aiming to create a positive impact in the communities it serves. With a solid market position, Nedbank has received numerous accolades for its customer service and digital banking initiatives, reinforcing its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Nedbank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Nedbank's score of 59 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Nedbank's reported carbon emissions
In 2024, Nedbank reported total carbon emissions of approximately 105,340,000 kg CO2e, with emissions distributed across various scopes: 2,083,000 kg CO2e (Scope 1), 68,475,000 kg CO2e (Scope 2), and 34,782,000 kg CO2e (Scope 3). Notably, business travel accounted for 9,261,000 kg CO2e and employee commuting for 25,413,000 kg CO2e within Scope 3 emissions. Comparatively, in 2023, total emissions were about 113,339,000 kg CO2e, indicating a slight reduction in emissions year-on-year. The emissions for 2022 were not fully disclosed for Scope 3, but Scope 1 and 2 emissions totalled 103,283,000 kg CO2e. Nedbank has set ambitious targets to reduce its carbon footprint, aiming for a greater than 40% reduction in Scope 1 and 2 emissions by 2025, based on 2019 levels. This target translates to a total carbon footprint of approximately 83,000 tCO2e. Additionally, the bank is committed to achieving net-zero operational emissions by 2025 and aims for 100% of its lending and investment activities to support a net-zero carbon economy by 2050. The bank's climate commitments also include a 30% reduction in emissions from business travel by the end of 2025, compared to 2019 levels. Furthermore, Nedbank has pledged to reduce energy consumption by 30% by 2025, with a target of keeping annual electricity consumption below 97,000 MWh. Overall, Nedbank's climate strategy reflects a strong commitment to sustainability and reducing its environmental impact, aligning with global efforts to combat climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2007 | 2012 | 2013 | 2014 | 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 694,850 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 96,361,710 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 31,483,310 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Nedbank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
