Nedbank Sustainable Development Framework
Nedbank is a purpose-driven organisation that leverages its financial expertise to impact society positively. Our purpose guides our business strategy, behaviours, and short- and long-term actions. We are committed to reducing systemic risks to the environment and the people we serve while delivering significant and long-term societal value.
We use the Nedbank Sustainable Development Framework to focus our sustainable development efforts and identify business opportunities, risks, and cost savings. These opportunities and savings are significant. The Organisation for Economic Cooperation and Development (OECD) reports that Africa faces a significant sustainable financing gap, estimated at US$1,6tn through 2030. To achieve the United Nations Sustainable Development Goals (UN SDGs) by 2030, the continent needs an additional US$194bn annually. This gap accounts for 7% of Africa’s GDP and 34% of its total investments in 2021, which is less than 0,2% of global financial assets and 10,5% of African-held financial assets.
We prioritise 9 of the 17 SDGs, focusing on areas where we can make a meaningful impact through innovation in our banking products, lending, and investment practices. Our purpose fulfilment strategy is essential to our strategic value driver, creating positive impacts, driven through core business focus on SDF, sustainable finance, financing the transition, and financial inclusion.
