Nedbank

Nedbank, a financial intermediation services company based in ZA, reported approximately 105.3 million kg CO2e in total emissions for 2024. This figure includes about 2.1 million kg CO2e from Scope 1 emissions, 68.5 million kg CO2e from Scope 2 emissions, and 34.8 million kg CO2e from Scope 3 emissions. In 2019, Nedbank's total emissions were approximately 188.4 million kg CO2e, comprising about 1.5 million kg CO2e from Scope 1, 137.1 million kg CO2e from Scope 2, and 49.9 million kg CO2e from Scope 3.

Nedbank has set ambitious climate commitments. The company aims for a 40% reduction in its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by the end of 2025, using 2019 levels as the baseline. This implies a combined Scope 1 and 2 carbon footprint of approximately 83,000 metric tons CO2e, a target that Nedbank states has already been achieved. Furthermore, Nedbank has a near-term target to reduce emissions from business travel by 30% by the end of 2025, compared to 2019 levels. In the long term, Nedbank is committed to achieving net-zero carbon emissions by 2050, with 100% of its lending and investment activities supporting a net-zero carbon economy by this date. The company also aims for zero exposure to fossil fuel-related activities by 2045.