Nedbanks purpose is 'to use our financial expertise to do good for individuals, businesses and society'. We understand that our own commercial prospects are contigent on the success of the societies in which we do business. It is therefore important to understand our role in the economy and how society can prosper as a result of our activities. Banks play a crucial role in driving sustainable socioeconomic development by providing capital where it is needed most. Therefore, through our core business of lending and investing ,we have a crucial role to play in transforming the economy and addressing climate change .
Nedbank's approach to climate change is guided by our Sustainable Development Framework ,which is informed by the United Nations Sustainable Development Goals (SDG's). The SDG's define the good in our purpose by providing a powerful lens to identify risks and opportunities for new business innovation and growth. We understand that socioeconomic development imperatives cannot be achieved unless climate change is also addressed.
Nedbank also recognises that climate change will pose future risks on our investments and we will work directly with our clients to mitigate these risks.
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