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Moderate
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Nedbank has established that "Dedicated, informed and mandate Nedbank representatives engage directly or through trade associations with policy makers" and that "Part of the role of the authorized Nedbank employees are to ensure that a consistent message and position is presented," reflecting a defined process to align its lobbying activities with its climate strategy. It also answers "Yes" to the question "Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?," demonstrating an explicit commitment to Paris-aligned advocacy. However, the company does not disclose a specific individual or formal committee responsible for reviewing or approving lobbying positions, nor does it describe a systematic monitoring or audit process for these engagements or criteria for its trade association memberships, limiting transparency over how it enforces alignment across its direct and indirect lobbying.
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C
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| Overall Assessment |
Analysis |
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Moderate
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Nedbank and its asset-management arm provide a moderate level of transparency on their climate-related lobbying. They name two identifiable public-policy files they have engaged on—the European Union’s Carbon Border Adjustment Mechanism (CBAM), which they describe as “CBAM will initially impact a limited number of sectors and products,” and the US Inflation Reduction Act, referred to as “the largest climate investment in US history.” Beyond these examples, most disclosures refer only to broad thematic areas such as South Africa’s Climate Change Bill or the Just Energy Transition Plan without enough detail to pin down specific legislative clauses or regulations. The group outlines some channels it uses to press its views, mentioning participation in the Banking Association South Africa Climate Committee, input to the South African Presidential Climate Commission, and direct engagement with investee companies through initiatives like the World Benchmarking Alliance’s Just Transition campaign; however, it does not identify the government bodies or individual policymakers it contacts, nor does it clarify whether tools such as meetings, letters, or formal submissions are employed, so the description of mechanisms remains limited. On desired outcomes, Nedgroup Investments is explicit that it seeks a “Just Transition” that integrates workers and communities into fossil-fuel phase-out plans and that it presses companies to have their decarbonisation pathways validated by the Science Based Targets initiative, demonstrating two clear lobbying objectives, but the bank as a whole generally frames its ambitions in broad terms such as supporting a net-zero economy and increasing renewable-energy finance without linking these to concrete policy changes. Overall, the disclosures offer some specificity on policies and goals yet leave significant gaps around the precise methods and targets of the group’s climate-policy advocacy.
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C
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