Nedbank

Nedbank has three key elements to its response to climate change: its business model, its operations and advocacy. The financial organisation aims to cut its own operational carbon footprint through reducing its natural resource use, achieving emission reduction targets, and offsetting any residual carbon footprint. Meanwhile its Fair Share 2030 strategy requires the company to redirect a portion of its lending to accelerate the decarbonisation of the economy in line with South Africa’s Paris Agreement commitment as it continues to use its position to advocate for climate change mitigation and adaptation responses. The company’s new product offering will aim to focus on energy efficiency and low-carbon solutions, with the aims of increasing its client base and profits while also driving low-carbon development.