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 38 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nedbank's reported carbon emissions
In 2023, Nedbank reported total carbon emissions of approximately 88,000,000 kg CO2e. This figure includes 113,339,000 kg CO2e from Scope 1 emissions, while Scope 2 emissions were recorded at zero. The bank's Scope 3 emissions, which encompass indirect emissions from sources such as business travel and employee commuting, were not specified in the latest data. Over the years, Nedbank has demonstrated a commitment to reducing its carbon footprint. For instance, in 2022, the total emissions were about 103,000,000 kg CO2e, indicating a reduction in emissions in 2023. However, specific reduction targets or initiatives have not been disclosed, and there are no documented climate pledges or SBTi (Science Based Targets initiative) reduction targets available. Nedbank's emissions data reflects a focus on transparency and accountability in its climate commitments, although further details on specific reduction strategies would enhance its sustainability profile. The bank continues to monitor and report its emissions across all relevant scopes, contributing to its overall climate strategy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2007 | 2012 | 2013 | 2014 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 694,850 | 000,000 | 000,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 96,361,710 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - | - |
| Scope 3 | 31,483,310 | 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 committed to some reduction initiatives 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.
