On July 6, Nedbank Mozambique, in partnership with the Mozambique-United States Chamber of Commerce, held the 1st Conference on "How to profit from carbon credits" at the Business Lounge by Nedbank. The aim of this initiative was to introduce the subject and explain how Mozambique can exploit opportunities and generate additional income from the sale of carbon credits.

Carbon credits play a key role in the fight against climate change and in promoting a more sustainable world. They represent a financial instrument that encourages the reduction of greenhouse gas emissions, driving the transition to a low-carbon economy.

Mozambique is at the top of the ranking of the countries most affected by climate change. According to the 2019 United Nations Global Assessment Report on Disaster Risk Reduction, Mozambique is the third most vulnerable country to natural disasters. Severe and frequent weather events are common in our country.

The conference was attended by the CEO of Nedbank Mozambique, Manuel Gameiro, the President of the Mozambique-United States Chamber of Commerce, Evaristo Madine, and the panel of speakers included Allan Schwarz, Founder of Mezimbite Forest Center, Eduardo Piquero, CEO of Mexico2, Gary Cline, CEO of Carbon Asset Developer Associates, and Patrick Munyaneza, from International Program Management Lead CADA Grenada.

Manuel Gameiro, CEO of Nedbank Mozambique, stressed that "banks are key players in this process, acting as a kind of backbone in the economy, allocating resources through financing, investment policies, among other things. The Nedbank Group in particular has a very strong commitment to environmental issues." As an example, in 2005 it became the first African bank to subscribe to the Equator Principles and set the emissions limit at 2050. net zero".

This approach has attracted investors interested in combining financial return with positive environmental impact, driving a global change in the way investments are made.

Nedbank Mozambique stands out as a pioneer in the approach and promotion of Carbon Credits, becoming a catalyst for actions to protect the environment. Its vision and commitment to sustainability is aligned with building a low-carbon economy that brings benefits to the environment and society in general.

About Nedbank Mozambique

Nedbank Mozambique is a Universal Bank that prides itself on providing a quality service, mainly oriented towards business and the affluent segment. It was founded with the ambition of becoming a leading bank in the sector and is currently present in the 8 most economically important cities in the country. It is the best bank in terms of customer satisfaction in Mozambique (#1 NPS) and has been present in the Mozambican market for 11 years. It is the Mozambican subsidiary of the South African Nedbank Group, which holds a majority stake of 87.5% of capital, demonstrating the Group's strong commitment not only to this region and the African continent, but also to recognizing the various growth opportunities in Mozambique.

About Nedbank Group

The Nedbank Group is a bank holding company listed on the Johannesburg Stock Exchange (JSE Limited), with a market capitalization of ZAR109 billion on 31 December 2022. Nedbank is one of Africa's largest banking groups, with operations in South Africa, Namibia, Eswatini (formerly Swaziland), Mozambique, Lesotho and Zimbabwe, and offshore in the Isle of Man and Jersey. It also has representative offices in other African countries, including Kenya, and has major global financial centers to provide international banking services to multinational clients based in South Africa and to high net worth clients in London, Toronto and Dubai. The Group is a diversified financial services provider, offering a wide range of wholesale and retail banking services, as well as insurance, asset management and wealth management solutions.