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 7 is higher than 66% 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 88,292,800 kg CO2e. This figure includes 7,177,360 kg CO2e from Scope 1 emissions and 34,350,220 kg CO2e from Scope 3 emissions, with no reported Scope 2 emissions. Over the years, Nedbank has demonstrated a commitment to reducing its carbon footprint, achieving a significant reduction from 139,000,000 kg CO2e in 2019 to the current figure. Nedbank's emissions data shows a consistent focus on managing its environmental impact, although specific reduction targets or initiatives have not been disclosed. The bank's emissions profile indicates a reliance on business travel and employee commuting as notable contributors to its Scope 3 emissions. Overall, while Nedbank has made strides in reducing its carbon emissions, further transparency regarding specific reduction commitments and initiatives would enhance its climate strategy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2007 | 2012 | 2013 | 2014 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 694,850 | 000,000 | 000,000 | 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 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | - | - |
| 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 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.
