Nedbank: ‘Africa’s best socially responsible bank’

Nedbank Divisional Executive: Corporate Social Responsibility Kone Gugushe, said “We are delighted to once again receive such an outstanding recognition for the second time in just five years”.

Added Kone “Our approach to corporate social responsibility has proved to be effective in addressing key challenges we face in our country. Our CSR focus is intentionally skewed towards education because we believe that the creation of a knowledge-based economy is critical to addressing the majority of challenges we face as a country. We continue to see amazing results from our efforts and being acknowledged as Africa’s Socially Responsible Bank is testament to the effective and sustainable nature of our contribution,”

The Socially Responsible Banker award goes to an African bank, which is thought to have the best socially responsible projects and policies. The award is also aimed at companies, which go beyond the philanthropic use of funds, to further use their overall knowledge, resources and reputation to improve the lives of those who are disadvantaged in society. The panel of judges sought concrete examples of projects, policies and initiatives, which have had a sustainable impact on the targeted communities.

Nedbank said it is being recognised for making a lasting contribution through its key focus on education, community development, health, socio-economic development, children’s welfare, arts and culture, sport development, the environment and volunteerism.

Nedbank also highlighted that in the 2012 CSI handbook published by Trialogue, which is regarded as the leading and independent annual CSR report in South Africa, it was ranked second by non-profit-making organisations and third by corporates under the category companies achieving the most developmental impact.

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