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Company Response

6 Oct 2014

Author:
Peter van Kerckhoven, Nedbank Capital

[PDF] Nedbank response

Nedbank response to Bench Marks Foundation report, 6 October 2014: ...With reference to the article by the Bench Marks Foundation regarding Nedbank’s financing of the new Largo project, Nedbank wishes to advise and confirm that the article is factually incorrect as the bank has not financed the project nor have we been appointed to do so....[as] the project is currently at feasibility stage. Nedbank continues to undertake all of the necessary due diligence when considering lending of this nature. The bank mindfully considers economic, social and environmental factors through its risk frameworks and adheres to responsible lending guidelines including the Equator Principles, International Finance Corporation Performance Standards and its own Social and Environmental Management System...

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