Nedbank Group Ltd
Nedbank Group's GHG Emissions Data Preview
In 2024, 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Nedbank Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Nedbank Group’s data sources below and access millions more through our Disclosure Search.
Insights into Nedbank Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Nedbank Group amounted to 70,558 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 2023, the total operational greenhouse gas (GHG) emissions of Nedbank Group decreased by 20.09%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
Nedbank Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Nedbank Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Nedbank Group were 2,083 metric tons of CO₂ equivalent (tCO₂e). a
Has Nedbank Group reduced its Scope 1 emissions over time?
Since 2019, Nedbank Group's Scope 1 emissions have increased by 42.1%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Nedbank Group's Scope 1 emissions decreased by 70.98%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b
What are Nedbank Group's Scope 2 emissions?
In 2024, Nedbank Group reported Scope 2 greenhouse gas (GHG) emissions of 68,475 tCO₂e without specifying the calculation method. a
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 50.06%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), Nedbank Group's Scope 2 emissions (Unspecified Calculation Method) fell by 15.58% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b
What methodology does Nedbank Group use for Scope 2 reporting?
In 2024, Nedbank Group reported its Scope 2 emissions using an unspecified methodology. a
Nedbank Group's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Nedbank Group's Value Chain Emissions
In 2024, Nedbank Group reported 12,180,961 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 2024 disclosure of Nedbank Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Nedbank Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Nedbank Group's Scope 3 emissions?
In 2024, Nedbank Group reported total Scope 3 emissions of 12,180,961 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0.4% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.6% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Nedbank Group reduced its Scope 3 emissions over time?
Since 2019, Nedbank Group's Scope 3 emissions have increased by 24,322.86%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), 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
What categories of Scope 3 emissions does Nedbank Group disclose?
In 2024, Nedbank Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a
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 2024, the largest contributors to Nedbank Group's Scope 3 emissions were: a
- Investments (Cat. 15): 12,132,000 tCO₂e (99.6%)
- Employee Commuting (Cat. 7): 27,918 tCO₂e (0.23%)
- Business Travel (Cat. 6): 9,261 tCO₂e (0.08%)
Nedbank Group's Scope 3 Emissions by Categories
Insights into Nedbank Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Nedbank Group reported Scope 1 greenhouse gas (GHG) emissions of 2,083 tCO₂e and total revenues of USD 3,579 millions. This translates into an emissions intensity of 0.58 tCO₂e per millions USD. a
Nedbank Group's Scope 1 Emissions Intensity Compared to Peers
How does Nedbank Group's GHG emissions intensity compare to its peers?
In 2024, Nedbank Group reported a Scope 1 emissions intensity of 0.58 tCO₂e per millions USD. Compared to the peer group median of 1.25 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Nedbank Group rank on GHG emissions intensity within its industry?
In 2024, Nedbank Group ranked 7 out of 23 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
Insights into Nedbank Group's Total Carbon Footprint
In 2024, Nedbank Group reported a total carbon footprint of 12,251,519 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.54% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b
The largest contributor to Nedbank Group's total carbon footprint was Scope 3 emissions, accounting for 99.42% of the company's total carbon footprint, followed by Scope 2 emissions at 0.56%. a