Nedbank Bbbee Certificate

As we find ourselves amid a once-in-a-generation event, the importance of taking stock of our surroundings becomes paramount. Often, we realize too late that by getting caught in the whirlwind wreaking havoc around us, we lose sight of what is important and what it means to be human.’ Khensani Nobanda, Group Marketing, and Corporate Affairs.

As a brand anchored in its purpose, we strive to create long-term value and not to maximize short-term profits and enhance shareholder value at the cost of other important stakeholder groups. We continue to work incredibly hard to make sure we play our part in ensuring that we leave no one behind by enabling transformation holistically, beyond a scorecard or any other measurement indicator, to deliver value to society.

We retained a level 1 BBBEE contributor status for the third consecutive year in 2020 under the Amended Financial Sector Code (FSC), having achieved level 2 BBBEE contributor status for 10 consecutive years since 2009. This result is a culmination of our ongoing commitment to sustainable transformation.

As we progress into 2021, it is sure to be another tumultuous year, characterized by muted economic growth, lagging Covid-19 impacts, an uncertain regulatory environment, ever-increasing inequality spanning multiple perspectives, unemployment, low business confidence, service delivery problems, corruption, and urgency to, among other factors, advance transformation.

We will continue to drive and amplify transformation efforts as our strategic framework continues to evolve while supporting both the national priorities and our purpose statement. Aligned to this commitment, we will continue to progress the Youth Employment Service (YES) initiative for the financial year 2021 in collaboration with the government and labor to stimulate demand-side job creation through company investment. Our investment will provide employment opportunities to over 5 000 youths since inception in 2019, either through placements internally or sponsored placements with implementation partners. We will also accelerate Small Medium Enterprise support for long-term growth, fund infrastructure development, create equitable opportunities for employment and skills training, deliver expert consumer financial education, and support communities in need.

‘Through the challenges we currently face, it has become apparent that times of fear and uncertainty reveal one’s character, resolve, and strength – and indeed, brings out the best in our people. Be inspired by the positive examples that you see around you because it is all too easy to be pulled into a negative state of mind. And at this time, draw strength in the understanding that this too shall pass. It may not feel like it right now, but at some stage, we will look back at this period and reflect on what lessons we learned and how we showed up.’ Mike Brown, Nedbank Chief Executive.

Nedbank Transformation report and BBBEE certificates

2021 B-BBEE Commission notice of compliance

Nedbank Limited and subsidiaries BBBEE Certificate 2021

2020 B-BBEE Commission notice of compliance

Nedbank Limited and subsidiaries BBBEE Certificate 2020

B-BBEE Commission Annual Compliance Report – Nedbank Limited [121 KB]

2019 Transformation Report [2.4 MB]

Nedbank Limited and subsidiaries BBBEE Certificate 2019

Nedbank Limited and subsidiaries Compliance Report

Nedbank Limited and subsidiaries BBBEE Certificate 2018

Nedbank Limited and subsidiaries BBBEE Certificate 2017

Nedbank Limited and subsidiaries BBBEE Certificate 2016