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 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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. Nedbank has set ambitious targets to reduce its carbon footprint, aiming for a greater than 40% reduction in Scope 1 and Scope 2 emissions by the end of 2025, based on 2019 levels. This target translates to a total carbon footprint of approximately 83,000 tCO2e. Additionally, the bank is committed to reducing emissions from business travel by 30% by 2025 compared to 2019 levels. Looking towards the future, Nedbank has pledged to achieve 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. Furthermore, the bank plans to reduce absolute financed emissions from thermal coal by 47% by 2030, relative to 2022 levels. Overall, Nedbank's climate commitments reflect a strong dedication to sustainability and reducing its environmental impact, aligning with industry standards for climate action.
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| 2007 | 2012 | 2013 | 2014 | 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 694,850 | 000,000 | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 96,361,710 | 000,000,000 | - | - | - | - | 000,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 31,483,310 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 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.
