Our strategic priorities for 2026 include:
Strengthening supplier risk management
In today’s complex global landscape, resilience is key. We’ve enhanced our risk approach with Nedbank’s Third-Party Risk Management Policy to ensure continuity, compliance, and mitigate potential disruptions. Expect more proactive engagements on risk assessments and contingency planning.
Driving preferential procurement
We remain committed to inclusive economic growth. Our focus on preferential procurement will intensify, with initiatives to support equitable opportunities and update BBBEE certificates. More details to follow soon.
Accelerating innovation
Innovation is our shared advantage. We look forward to collaborating with suppliers to co-create solutions that drive efficiency and effectiveness. Upcoming forums will showcase how your insights and expertise lead the way.
Advancing ESG initiatives
Environmental, social, and governance (ESG) principles underpin our strategy. We will continue to embed sustainability into our sourcing decisions, prioritising suppliers who share our commitment to reducing carbon footprints, ethical practices, and social impact.
Elevating supplier relationship management
Strong partnerships drive mutual success. We are investing in processes to deepen engagement, improve transparency, and create value for both sides. Our aim is to hold structured dialogues, performance reviews, and joint planning sessions.
Please continue supporting our Supplier Code of Ethics and keep your Supplier Profile up to date.
This includes maintaining current BBBEE status, valid tax clearance, accurate environmental compliance, and up-to-date cybersecurity information.
Thank you for being an essential part of our journey. Together, we’ll build a resilient, innovative, and sustainablefuture.
Hemant Harrilal
Nedbank Chief Procurement Officer
Youth turn skills into gold
Nedbank is doing more than banking. It’s investing in dreams – scaling businesses, training youth, and funding township developers. By meeting South Africans where they are, Nedbank is helping turn barriers into blueprints for growth, from home kitchens to city construction sites.
Driving sustainable progress together: Nedbank's ESG journey
Environmental, social, and governance (ESG) principles are at the heart of Nedbank's strategy, reflecting our commitment to creating lasting value for clients, suppliers, partners, and communities. As financial institutions play an increasingly critical role in driving sustainable change, Nedbank continues to lead by example, embedding ESG considerations into every aspect of its operations.
Key ESG initiatives at the forefront
ESG Conference
In February 2025, Nedbank hosted an ESG Conference specifically for landlords, bringing together industryleaders, property owners, and financial experts. The event served as a platform for meaningful dialogue onsustainability challenges and opportunities within the property sector, reinforcing Nedbank's role as a catalyst forprogress and innovation.
The conference featured interactive panels and focused sessions on several key ESG topics:
The conference featured interactive panels and focused sessions on several key ESG topics:
ESG strategy
Insights into Nedbank's approach to integrating ESG across its business and the property sector, including roadmap development and goal setting.
Environmental stewardship
Discussions on reducing carbon footprints, improving water efficiency, and promoting biodiversity in managed properties.
Responsible procurement
Exploration of sustainable supply chain practices and the importance of ethical sourcing for landlords and tenants.
Green leases
Guidance on structuring leases to encourage energy efficiency, waste reduction,and tenant collaboration.
Renewable energy
Case studies, including Growthpoint Properties' achievement of 100% renewable energy in its branches, showcasing tangible progress and the benefits of green investments.
A key outcome of the conference was the strengthening of partnerships between landlords, tenants, and Nedbank.
The event sparked ongoing dialogue, ensuring ESG efforts remain dynamic and responsive to the industry's evolving needs.
The ESG Conference marked a significant milestone for Nedbank and its partners. Growthpoint Properties'achievement of 100% renewable energy in its branches stands out as a benchmark for the sector. Nedbank'scontinued facilitation of ESG-focused forums and support for innovative projects demonstrate our commitmentto driving measurable environmental and social impact.
Launch of automated supplier statement reconciliation
We are excited to share a significant milestone that was achieved in November 2025. Our finance team implemented an automated statement reconciliation system that marks a new era of efficiency and transparency in our supplier payment process.
Innovation piloted with 160 suppliers
This new system was initially piloted with 160 of our suppliers. Throughout the pilot, the system closely monitored the goods and services supplied and allowed us to follow up on outstanding invoices more efficiently than ever before. The feedback and learnings from this pilot have been invaluable in refining the process for broader roll-out.
Key benefits
Faster and more predictable payment cycles: All outstandinginvoices reflected on your statement are now actioned promptlyduring reconciliation, ensuring timely payments and improvedreliability.
Improved visibility and tracking: Our automated systemdramatically reduces the risk of missed or delayed payments,offering real-time insights into your statement status.
Simplified reconciliation: Payments are now directly aligned withyour statement, minimising disputes and confusion and makingthe process more straightforward for all parties.
Quicker resolution of outstanding items: By working from the same statement data, both our teams can resolve outstanding items faster and more collaboratively.
Less administrative follow-up: The new process is highly automated and transparent, reducing manual interventions and freeing up valuable time.
Better cash flow management: With more reliable payment timing, both our organisations can plan and manage cash flow with greater confidence.
Looking ahead
During the upcoming stage, we plan to involve more suppliers focusing on those who establish a discipline of sending monthly statements to vendorstatements@nedbank.co.za. If you would like more information, contact Volente Harmse at volenteh@nedbank.co.za and stay tuned for further updates.
