In 2025, Nedbank Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Nedbank Group has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 1,843a | 2,083a | 7,177.36b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 50,470a | 68,475a | 81,115.45b | |
Total Scope 3 | 11,032,434a | 12,180,961a | 12,355,350c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.4409a | 0.544a | 1.9014b |
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In 2025, the total operational greenhouse gas (GHG) emissions of Nedbank Group amounted to 52,313 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2024, the total operational greenhouse gas (GHG) emissions of Nedbank Group decreased by 25.86%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2025, the total Scope 1 emissions of Nedbank Group were 1,843 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Nedbank Group's Scope 1 emissions have increased by 25.73%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2024), Nedbank Group's Scope 1 emissions decreased by 11.52%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2025, Nedbank Group reported Scope 2 greenhouse gas (GHG) emissions of 50,470 tCO₂e without specifying the calculation method.a
Since 2019, Nedbank Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 63.19%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2024), Nedbank Group's Scope 2 emissions (Unspecified Calculation Method) fell by 26.29% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2025, Nedbank Group reported its Scope 2 emissions using an unspecified methodology.a
In 2025, Nedbank Group reported 11,032,434 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2025 disclosure of Nedbank Group includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, Nedbank Group reported total Scope 3 emissions of 11,032,434 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.46% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.54% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Nedbank Group's Scope 3 emissions have increased by 22,020.06%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2024), Nedbank Group's Scope 3 emissions remained relatively stable, indicating that Nedbank Group's emissions have plateaued with no significant change in its value chain footprint.a
In 2025, Nedbank Group reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2025, the largest contributors to Nedbank Group's Scope 3 emissions were:a
In 2025, Nedbank Group reported Scope 1 greenhouse gas (GHG) emissions of 1,843 tCO₂e and total revenues of USD 4,180 millions. This translates into an emissions intensity of 0.44 tCO₂e per millions USD.a
In 2025, Nedbank Group reported a Scope 1 emissions intensity of 0.44 tCO₂e per millions USD. Compared to the peer group median of 0.82, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, Nedbank Group ranked 9 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Nedbank Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2025, Nedbank Group reported a total carbon footprint of 11,084,747 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.52% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Nedbank Group's total carbon footprint was Scope 3 emissions, accounting for 99.53% of the company's total carbon footprint, followed by Scope 2 emissions at 0.46%.a