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Nedbank, SI tackle carbon footprint in new book

Nedbank, SI tackle carbon footprint in new book

Apr 23, 2014

Nedbank, in partnership with the Sustainability Institute (Stellenbosch University) has launched an authoritative and practical book aimed at advancing the control, minimisation and measurement of carbon footprints in the country.

With the South African National Treasury proposing the phasing-in of a domestic carbon tax from in early 2015, this book innovatively explores how South African companies can monitor their tax compliance by calculating their own carbon footprint ahead of the introduction of this new tax legislation.

The book is entitled “Carbon footprinting: A practical calculation guide focusing on measuring, monitoring, reporting and verification”, and will provide an invaluable guide for companies and other organisations to better understand their carbon impact and then implement effective carbon reduction programmes throughout their operations and activities.

“As Africa’s first carbon neutral financial services institution, we believe that we have role to play in providing thought leadership, and sharing best practice among our peers in the South Africa as we all navigate the road towards a more sustainable economic future. We believe this book will be an invaluable tool for both business and academic institutions in understanding what is often a complicated and unfamiliar subject matter,” says Brigitte Burnett, Head of Sustainability at Nedbank.

Importantly, the book will assist readers to be:

• Better placed to reduce operational expenditures associated with the use of energy.
• Better geared for the looming domestic and international financial penalties that will be associated with Green House Gases (GHG) pollution.
• Able to make informed operational choices.
• Able to think strategically about developing products and services for an increasingly complex world with environmental limitations.

“We have partnered with Nedbank to create what we believe is a valuable addition to the knowledge that currently exists on carbon footprinting in the South African context, that we intend to share with many other academic institutions in the near future. We fully endorse it as a useful contribution to the sustainability debate,” said Professor Alan Brent, Professor and Associate Director at Sustainability Institute and co-author of the guide.

Despite numerous reputable sources of information freely available on internet relating to climate change and carbon footprinting, Nedbank and the Sustainability Institute firmly believe there is a need for such content.  “The sources that currently exist are geared towards people who are already experts of carbon. This book is not. It takes the reader by the hand and explains in a step-by-step manner the nuances of carbon calculations by using day-to-day examples and investigates the challenges faced in the South African GHG reporting context in a conversational style,” says Dr Marco Lotz, co-author of the book and Nedbank Sustainability Carbon Specialist.

The first section of the book consists of the conversational theory by example “how to” that explains international conventions and local applications of carbon footprinting. The second section consists of a selection of case studies. The reader is exposed to real carbon footprint case studies and Green House Gas (GHG) information of predominantly South African companies. Nedbank’s intention is that the book be distributed free of charge, in both hard copy and as a downloadable file.

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