Specialising in
Grey Water
Rainwater Harvesting systems in South Africa .

Nedbank invests in SA’s water

Posted by: Saving Water SA (Cape Town, South Africa) – partnered with Water Rhapsody conservation systems – 31 Aug 2011

Further embedding its commitment to environmental sustainability, the Nedbank Group is to invest R9 million into the innovative WWF Water Balance Programme. Water is widely acknowledged as South Africa’s scarcest resource and the one that will be the most impacted by climate change. Nedbank’s increased focus on water is a key part of their climate change response strategy and underpins the urgent need to tackle climate change impacts as will be addressed at COP17 in Durban later this year.

Wattles have taken over more than 1.6-million hectares of South Africa

WWF estimates that around 98% of South Africa’s freshwater supplies are currently allocated and that demand will outstrip supply by 2025, jeopardising economic growth that is vital for ongoing socio-economic development.

‘Through our provision of water infrastructure funding, our 20-year involvement with The Green Trust and our own sustainability initiatives, we have invested in a range of water-related projects in line with our water stewardship programme, which addresses water scarcity, water quality and access to water. This new multi-million rand investment raises our water stewardship efforts to a much higher and more impactful level,” said Mike Brown, Nedbank’s CEO.

Dr Deon Nel, head of WWF’s Biodiversity Unit, said that WWF has identified the availability of water and the health of water provisioning catchments as one of the most critical challenges facing South Africa.

Nedbank’s investment will fund the removal of alien invasive species, which is estimated to release more than 550,000 kilolitres of water a year, back into two of SA’s high priority water catchment areas. Continue reading Nedbank invests in SA’s water

Nedbank first in carbon neutrality

Posted by: Saving Water SA (Cape Town, South Africa) – partnered with Water Rhapsody conservation systems – 14 July 2010

Financial services group Nedbank yesterday announced that it had achieved carbon neutrality, becoming the first large corporation to do so in SA.

Nedbank's billboard woven from 2000 recycled plastic bags

The group also became the first financial services organisation in Africa to achieve this status.

Nedbank CEO Mike Brown said the achievement epitomised Nedbank’s commitment to playing a leading role in sustainability.

Mr Brown said that the bank would leverage its carbon neutral status to help the government drive the green economy and deliver value for its stakeholders.

He said that Nedbank had saved R28m through reducing its use of electricity, paper and water, and had spent R2m on measuring its carbon footprint.

It offset 213000 tons of carbon dioxide equivalent gases through carbon credits obtained from the Rukinga project in Kenya, at a cost of R12m.

Rukinga’s carbon credits had brought much-needed jobs and social benefits to its community, while allowing its land to be restored. Mr Brown also said that the group would offset its carbon footprint every year and hoped to secure a more diverse portfolio of carbon offsets in future.

He said that Nedbank would focus on the “huge challenge” of water for SA’s sustainability. Continue reading Nedbank first in carbon neutrality

Nedbank wins Financial Times Sustainability Award

Posted by: Saving Water SA (Cape Town, South Africa) – partnered with Water Rhapsody conservation systems – 08 June 2010

For the third time the Nedbank Group has found itself on the winners’ podium at the annual Financial Times Sustainable Banking Awards. The ceremony took place on 3 June at a gala dinner at the Renaissance Chancery Court Hotel in London.

Nedbank's billboard woven from 2000 recycled plastic bags

South Africa’s ‘green’ bank once again took top honours in the category Financial Times Emerging Markets Sustainable Bank of the Year for Middle East and Africa for 2010 – an award it previously garnered in both 2007 and 2008.

The Financial Times Sustainable Banking Awards recognise financial services organisations across the globe that have shown leadership and innovation in their sustainability efforts. The chosen organisations also demonstrate a commitment to addressing environmental and social issues by integrating sustainability principles into their strategic business approach and operational processes.

According to Brigitte Burnett, Nedbank’s Head of Sustainability, Nedbank’s continued effectiveness in the sustainability space is the direct result of the bank’s integrated approach, which combines an equal commitment to the environmental, economic, social and cultural aspects of sustainability. Continue reading Nedbank wins Financial Times Sustainability Award