Publications
Partners
Johannesburg - Nedbank has launched Fair Share 2030, its business response to a series of economic, social and environmental challenges that threaten society’s long-term success.
Fair Share 2030 is an annual flow of money to be lent in a way that contributes to meeting eight major long-term goals for the future.
The goals relate to affordable energy services while containing carbon emissions; sustainable clean water and sanitation; employment rates comparable to other prosperous nations; savings and investments that support national development objectives; and good, cost-effective health and educational outcomes.
These goals address socioeconomic and environmental issues, and their interplay.
Achieving them will also enable other outcomes, including improved food security, greater resource efficiency and less divided communities.
“We have calculated that, to achieve these goals between now and 2030, funding equivalent to 2% of the SA gross domestic product will have to be invested and lent differently into the economy annually," said Nedbank chief executive Mike Brown.
Using these calculations, Nedbank has adopted an initial lending target of R6bn for the 2015 financial year. This target will be reviewed each year.
Nedbank will continue to apply appropriate risk management processes to assess all opportunities.
Fair Share 2030 is an annual flow of money to be lent in a way that contributes to meeting eight major long-term goals for the future.
The goals relate to affordable energy services while containing carbon emissions; sustainable clean water and sanitation; employment rates comparable to other prosperous nations; savings and investments that support national development objectives; and good, cost-effective health and educational outcomes.
These goals address socioeconomic and environmental issues, and their interplay.
Achieving them will also enable other outcomes, including improved food security, greater resource efficiency and less divided communities.
“We have calculated that, to achieve these goals between now and 2030, funding equivalent to 2% of the SA gross domestic product will have to be invested and lent differently into the economy annually," said Nedbank chief executive Mike Brown.
Using these calculations, Nedbank has adopted an initial lending target of R6bn for the 2015 financial year. This target will be reviewed each year.
Nedbank will continue to apply appropriate risk management processes to assess all opportunities.
