We place a priority on partnering with people, organisations and communities that share our passion for sustainable development and recognise the potential that exists to maximise positive impacts by working together.
Nedbank’s approach to sustainability is integrated and three-pronged: we manage our own impacts, we enable sustainability through our products and services, and we maximise our positive effects by partnering and collaborating with others.
While all Nedbank business units, clusters, divisions, and employees embrace the role they must ensure effective and mutually beneficial stakeholder relationships, ultimate responsibility for the effectiveness of our stakeholder engagements rests with the Nedbank Group Exco.
Nedbank Group advocates an inclusive approach to stakeholder engagement in line with the King IV™ Report on Corporate Governance (King IV™). In the execution of its duties Nedbank undertakes to ensure that the legitimate and reasonable needs, interests, and expectations of all material stakeholders are considered.
Nedbank shares the view that the quality of its stakeholder relationships is the ultimate construct that should determine the overall sustainability of the enterprise. Accordingly, King IV™ has placed stakeholder relationship as the ultimate measure of impact and charged company boards with the responsibility to measure the quality thereof. To ensure consistency and protect the Nedbank brand, stakeholder engagement is informed and governed by a comprehensive stakeholder policy and a supporting engagement framework. The Group Operational Committee monitors compliance with this policy and structure.
Our primary stakeholders