Our business impact through the Sustainable Development Goals (SDGs)
Investec recognises that the supply chain is a key area through which it can drive positive sustainable impact. We collaborate closely with our suppliers and sub-contractors to support environmentally and socially responsible behaviours and practices.
Programmes such as Road to 2030 and Class of 2030 are available to educate our suppliers and other stakeholders on the SDGs and further educate on the SDGs Investec has committed to.
We recognise that educating our suppliers on the SDGs can effectively encourage and implement responsible consumption and production habits across the supply chain.
Investec's procurement statement incorporates standards on human rights, labour rights and environmental and anti-corruption principles as set out in the UNGC. We further engage with our suppliers to understand their processes and policies and explore how any climate and nature-related or environmental matters might impact them.
Our two impact SDGs
Climate action
- Carbon neutral in our direct operations and publicly disclose our Scope 3 financed emissions
- Minimal exposure to fossil fuels. Investec Group committed to zero thermal coal in our loan book by 31 March 2030
- $80mn senior credit facility in collaboration with Proparco to implement the Transforming Financial Systems for Climate programme in South Africa
Reduced inequalities
- DLC Board: 43% women and 43% persons of colour (measured in terms of the Parker Review metrics)
- IBP: Female Bank Chief Executive
- IBL: Level 2 BBBEE*
- Provided 3 100 internships via the Youth Employment Service programme for youth in South Africa (2022: 2 548 since inception)
* Targeting Level 1 for 2023 rating
Our six core SDGs
I am committed to continuing our membership of the UN GISD Alliance, helping to drive progress on the SDGs both for the Investec Group and throughout the wider economy.