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 40 is higher than 89% 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 2023, Nedbank reported total carbon emissions of approximately 88,000,000 kg CO2e, with Scope 1 emissions accounting for about 113,339,000 kg CO2e. The bank's Scope 3 emissions included significant contributions from business travel (approximately 7,580,170 kg CO2e) and employee commuting (around 17,405,120 kg CO2e). Over the years, Nedbank has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The bank's emissions data indicates a trend of monitoring and reporting across all three scopes (1, 2, and 3), reflecting an awareness of its environmental impact. Nedbank's climate commitments align with industry standards, focusing on transparency and accountability in emissions reporting. The bank continues to engage in sustainability practices, although further details on specific reduction initiatives or targets remain unspecified.
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 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.
