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Nedbank among world’s most sustainable companies

Nedbank among world’s most sustainable companies

Jan 30, 2015

Nedbank has again been recognised globally as a company leading the way in sustainable business practices.  At the 2015 World Economic Forum in Davos, Nedbank was included in this year’s annual yearbook of the most sustainable companies in the world. As one of only six South African companies, this is a significant acknowledgement of the work we do to manage our impact on the environment and communities it conducts business in.

The report is compiled by compiled by Swiss investment company RobecoSAM who also publishes the globally recognized Dow Jones Sustainability Index (DJSI).

As the only South African bank to be included in the yearbook, Nedbank continues to lead as South Africa’s greenest and most sustainable bank, demonstrating that that our climate strategy continue to set us apart in South Africa and globally.

In addition, this accolade proves that we’re making good progress in breaking new ground through integrating environmental and social factors into our long-term investment strategies. This has served as a foundation not only for developing new products with growth opportunities, but also for ensuring better risk management in the banks’ overall investment strategies.

Companies were included in the calendar on the basis of a score that measures their sustainability. The criteria, against which they were measured, included compliance with codes of conduct on corruption and bribery, corporate governance and transparent-government. Over 3000 companies from around the world were invited to participate in the RobecoSAM Corporate Sustainability Assessment (CSA), based on businesses best practices which aim to source solutions within the environmental and socio-economic sphere.

At the environmental level aspects such as their climate strategy and water utilisation were considered. On a social level, the report measured their labour practices and human rights, occupational safety and health and impact on communities watched.

Other South African companies which were included in the yearbook are: AngloGold Ashanti, Exxaro Resources, Gold Fields, Netcare and Woolworths. The banking industry proved to be a tough environment to operate in and remains under intense regulatory scrutiny and public pressure in the wake of the credit crisis.

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