As of 2025, Nedbank Group has disclosed 9 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 8 absolute reduction targets and 1 intensity-based target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Nedbank Group's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -40%a | 2025 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -30%a | 2025 |
Absolute-based Target | Scope 3 - Business Travel (Cat. 6) | Metric Tonnes of CO2 equivalent (mtCO2e) | -30%a | 2025 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -98%a | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -47%a | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -26%a | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -100%a | 2045 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -100%a | 2045 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Full Time Equivalent (FTE) | -30%a | 2025 |
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As of 2025, Nedbank Group has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
As of 2025, Nedbank Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Nedbank Group's most ambitious operational target is to reduce these emissions by 97.94% by 2030, compared to a baseline of 138,569 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
As of 2025, Nedbank Group is ahead of schedule on its operational emissions reduction target, having achieved 63.56% of the planned reduction.a
As of 2025, Nedbank Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Nedbank Group's most ambitious value chain target is to reduce these emissions by 100% by 2045, compared to a baseline of 7,586,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.a
As of 2025, Nedbank Group is ahead of schedule on its value chain emissions reduction target, having achieved 56.22% of the planned reduction.a
As of 2025, Nedbank Group has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Nedbank Group's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 188,443 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 30% by 2025.a
Nedbank Group has already surpassed its total carbon footprint reduction target, with 2025 levels falling below the 2025 value, achieving its climate goal ahead of schedule.a