Nedbank Group Ltd
Nedbank Group Energy Data Preview
In 2023, Nedbank Group disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Nedbank Group also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Nedbank Group also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
However, Nedbank Group did not provide a breakdown of its energy sources or generation technologies, limiting visibility into its energy mix and the role of renewables versus fossil fuels.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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Insights into Nedbank Group's Energy Renewability
In 2023, Nedbank Group consumed a total of 318,553.2 Gigajoules of energy across its operations. Of this total, 6.12% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 93.88% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Nedbank Group's Energy Renewability Rate
How much of Nedbank Group's energy consumed is renewable?
In 2023, Nedbank Group consumed a total of 318,553.2 Gigajoules of energy, of which 6.12% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Nedbank Group has considerable room to improve its energy sustainability strategy.
Are Nedbank Group's energy practices becoming more sustainable?
Since 2019, Nedbank Group's total energy consumption decreased by 36.42%, including a further 14.2% drop in 2023, highlighting a continued decline in energy use.
Over the same period, the share of renewable energy in Nedbank Group's consumption increased by 1,140.18%, including a 20.55% increase in 2023, showing consistent progress in clean energy adoption.
Overall, Nedbank Group has reduced its total energy consumption while steadily increasing its use of renewables, reflecting a strong commitment to reducing its energy-related environmental footprint.
Nedbank Group's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed
Insights into Nedbank Group's Energy Inflows & Self-Sufficiency
In 2023, Nedbank Group reported total energy inflows of 318,553.2 Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 310,190.4 Gigajoules purchased from external suppliers and 8,362.8 Gigajoules generated through internal production. This corresponds to a production share of 2.63%, reflecting a 146.94% percentage point increase from the previous year (2022) and a 213.16% percentage point increase since 2019.
These consistent increases, both year-over-year and over the longer term, suggest that Nedbank Group is actively strengthening its energy autonomy. The company appears to be making deliberate, sustained investments in internal energy production, possibly to improve energy security, reduce reliance on volatile external markets, or support broader sustainability goals.
Nedbank Group's Energy Purchased vs Produced Over Time
- Total Energy Produced
- Total Energy Purchased