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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 77% 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, comprising 2,083,000 kg CO2e from Scope 1, 68,475,000 kg CO2e from Scope 2, and 34,782,000 kg CO2e from Scope 3 emissions. Notably, business travel accounted for about 9,261,000 kg CO2e, while employee commuting contributed approximately 25,413,000 kg CO2e. Comparatively, in 2023, the total emissions were about 113,339,000 kg CO2e, with Scope 1 emissions at 7,177,000 kg CO2e, Scope 2 at 81,115,000 kg CO2e, and Scope 3 at 34,350,000 kg CO2e. This indicates a reduction in total emissions from 2023 to 2024. 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 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 initiatives also include a 30% reduction in emissions from business travel by the end of 2025, compared to 2019 levels. Furthermore, Nedbank is targeting a 30% reduction in energy consumption by 2025, based on 2019 levels, with an absolute target of keeping annual electricity consumption below 97,000 MWh. Overall, Nedbank's climate commitments reflect a strong dedication to reducing its carbon emissions and supporting the transition to a sustainable economy.
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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.
