South Africa’s first commercial bank green bond

Nedbank Group South Africa's first commercial bank green bond

The JSE Annual ESG Investor Showcase 29 October 2019

Delivering our purpose of doing good

TO USE OUR FINANCIAL EXPERTISE TO DO GOOD FOR INDIVIDUALS, FAMILIES, BUSINESSES & SOCIETY

Delivering innovative market-leading

client experiences

Growing our transactional banking franchise faster than

the market

Being operationally excellent in

all we do

Managing scarce resources to optimise economic outcomes

Providing our clients with access to the best

financial services network in Africa

Integrity

Respect

Accountability

People-centred

Client-driven

NEDBANK GROUP LIMITED ? JSE Annual ESG Investor Showcase

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Nedbank Group ? leveraging our expertise & strong ESG track record

Africa's first carbon neutral financial organisation ? carbon neutral since 2010.

Funding a total of 42 renewable energy transactions (R40bn) ? paid out over R24bn to date.

Market-leading position on finance for green buildings, acknowledging the climate change impacts of the built environment.

R1bn of property finance lending p.a. incorporating the installation of solar power.

As a tenant we occupy 16 Green Star-rated buildings.

Committed to zero financing towards the development of new coal-fired power plants going forward.

NEDBANK GROUP LIMITED ? JSE Annual ESG Investor Showcase

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Rationale for developing & issuing green bonds

Contribute towards our purpose & achieving the SDGs

Funding & investment benefits

Substantially increase the share of renewable

energy in the global energy mix

Nedbank's Green Bonds ? generally issued at spreads of between 2 & 5 bps better than the last traditional SUD instruments

Contribute to the bank's long-term funding profile & diversifying the funding mix

Integrity

Upgrade infrastructure

& retrofit industries

to make them Resspuescttainable

Satisfy strong investor appetite for good-quality SDG-aligned & ESG-focused assets

Provide sustainable financial/ investment returns

for investors

Accountability

People-centred

Client-driven

Raise awareness about SDGs and the concept of

ESG-focused investment in SA

NEDBANK GROUP LIMITED ? JSE Annual ESG Investor Showcase

Facilitate local & international investment into the country's vital energy infrastructure

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Green bond trends ? strong growth in new issuances driven by increasing demand by funds

Strong growth in sustainable debt issuances

Emerging markets becoming a larger issuer of green bonds

Funds are increasing their allocation to green bonds

NEDBANK GROUP LIMITED ? JSE Annual ESG Investor Showcase

Source: Sustainable Finance in Focus: Green Bonds take root, April 08, 2019, *Institute of International Finance (IIF)

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