As the holder of many environmental, social and governance (ESG) ‘firsts’, Nedbank has maintained and continues to maintain our commitment to sustainability in our operations, deployment of scarce capital and influence over clients, industry peers and regulators across the communities we serve as directed by our purpose. Some of the world-class ESG credentials that Nedbank CIB holds include:
- launching South Africa’s first green tier 2 capital instrument;
- being Africa’s bank to sign up to the Equator Principles;
- leading market share in renewable energy;
- being the lead arranger and manager in South Africa’s first institutional green bond issuance by the Industrial Development Corporation (IDC);
- being the first South African commercial bank to issue a renewable-energy bond on the JSE;
- adopting a market-leading energy policy to guide the transition from fossil fuels while accelerating efforts to finance non-fossil energy solutions;
- establishing a dedicated Sustainable Finance Solutions unit mandated to partner with clients;
- winning of the Euromoney 2021 Best Bank for Sustainable Finance in Africa;
- being the first South African bank to join the Nasdaq Sustainable Bond Network; and
- winning the Energy Deal of the Year at the African Banker Awards 2020.
Nedbank’s Sustainable Development Framework draws on the United Nations Sustainable Development Goals (SDGs) of establishing a direct line of sight between what we do and how we impact the world around us. This means providing sustainable development finance by using our financial expertise, lending, and investment capabilities to deliver on relevant SDGs targets; managing our buildings, business practices and relationship with employees and other stakeholders to align with relevant SDG objectives.
As further proof of its enduring reputation as a trailblazer in sustainability, Nedbank CIB has been named the Investment Bank of the Year at the Environmental Finance Impact Awards 2021.
Nedbank’s SDG-linked approach to sustainable finance is premised on the insight that a bank can contribute to sustainable development through its commercial offering. We are placing significant emphasis on the SDGs that link directly to sustainable development finance. In this respect, the SDG framework has deliverables, each championed at a group level, focused on the following:
- Quality education
- Clean water and sanitation
- Affordable and clean energy
- Decent work and economic growth
- Industry, innovation, and infrastructure
- Reduced inequalities
- Sustainable communities and cities
- Responsible consumption and production
- Life on land
We believe our credentials and strength in ESG have an important part to play in creating a sustainable and growing franchise, while contributing to the development priorities of South Africa – and the continent.