Nedbank Group Ltd
Nedbank Group's GHG Emissions Data Preview
In 2023, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 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 Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Nedbank Group amounted to 88,292.81 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Nedbank Group decreased by 14.51%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Nedbank Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Nedbank Group's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Nedbank Group were 7,177.36 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Nedbank Group reduced its Scope 1 emissions over time?
Since 2019, Nedbank Group's Scope 1 emissions have increased by 389.63%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Nedbank Group's Scope 1 emissions increased by 83.92%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Nedbank Group's Scope 2 emissions?
In 2023, Nedbank Group reported Scope 2 greenhouse gas (GHG) emissions of 81,115.45 tCOâ‚‚e without specifying the calculation method.
Has Nedbank Group reduced its Scope 2 emissions over time?
Since 2019, Nedbank Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 40.84%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Nedbank Group's Scope 2 emissions (Unspecified Calculation Method) fell by 18.38% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.
What methodology does Nedbank Group use for Scope 2 reporting?
In 2023, Nedbank Group reported its Scope 2 emissions using an unspecified methodology.
Nedbank Group's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Nedbank Group's Value Chain Emissions
In 2023, Nedbank Group reported 34,350.22 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Nedbank Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 3 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
Nedbank Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Nedbank Group's Scope 3 emissions?
In 2023, Nedbank Group reported total Scope 3 emissions of 34,350.22 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Nedbank Group reduced its Scope 3 emissions over time?
Since 2019, Nedbank Group's Scope 3 emissions have decreased by 31.13%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Nedbank Group's Scope 3 emissions increased by 38.14%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Nedbank Group disclose?
In 2023, Nedbank Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Nedbank Group's Scope 3 emissions?
In 2023, the largest contributors to Nedbank Group's Scope 3 emissions were:
- Employee Commuting (Cat. 7): 19,885.05 tCOâ‚‚e (57.89%)
- Business Travel (Cat. 6): 7,580.17 tCOâ‚‚e (22.07%)
- Upstream Leased Assets (Cat. 8): 4,176.5 tCOâ‚‚e (12.16%)
Nedbank Group's Scope 3 Emissions by Categories
Insights into Nedbank Group's Total Carbon Footprint
In 2023, Nedbank Group reported a total carbon footprint of 122,643.03 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.3% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Nedbank Group's total carbon footprint was Scope 2 emissions, accounting for 66.14% of the company's total carbon footprint, followed by Scope 3 emissions at 28.01%.