[SPONSORED] Being the ‘green’ bank, carbon neutrality is not a buzzword for us. It’s at the core of what we do: Amith Singh – national manager for manufacturing at Nedbank. Moneyweb Nedbankmanufacturing
CIARAN RYAN: There’s [been] a lot of discussion in recent years about the circular economy – the idea that one reduces waste by recycling and reusing and other such measures. South African manufacturers are having to contend with several challenges at once, not least load shedding and pressure from our trading partners, such as those in the European Union, EU, to reduce carbon emissions. These are challenging times indeed for manufacturers.
Now this is how things should have been done, I think, for years in the past – and it hasn’t. So we are challenging the traditional way of doing things and doing things in a more environmentally responsible way. The circular economy opportunities lean towards localisation, energy efficiency, greenhouse gas emissions, renewable energy, waste reduction, and recycling, which is extremely important.
So the EU is important and ultimately we’ve come to learn that the EU is developing the rule book for sustainable financing.
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