Investec group

South Africa
Africa & Middle East

http://www.investec.com/

Industry:Banking
Date joined:9 October, 2020
Initiatives:Net Zero Banking Alliance and Principles for Responsible Banking
Reports:Jun 21

Investec partners with private, institutional and corporate clients, offering international banking, investments and wealth management services in two principal markets, South Africa and the UK, as well as certain other countries. The Group was established in 1974 and currently has approximately 8,700 employees.

During July 2002, Investec Group Limited (since renamed Investec Limited) implemented a dual listed companies (DLC) structure and listed its offshore business on the London Stock Exchange (LSE). In terms of their DLC structure, Investec Limited is the holding company of their businesses in Southern Africa, and Investec plc is the holding company of their non-Southern African businesses. Investec Limited is listed on the Johannesburg Stock Exchange Limited (JSE) South Africa (since 1986) and Investec plc on the LSE (since 2002). In March 2020, the Group successfully completed the demerger of Ninety One (formerly known as Investec Asset Management), which became separately listed on 16 March 2020. Investec’s current market capitalisation is approximately GBP1.5 billion.

Investec group’s commitment to sustainability recognises the interconnected nature of their business, the economy, the environment and society. They play an important role in funding (both lending and investing) a sustainable economy that is cognisant of the world’s limited natural resources and promotes carbon reduction. Investec group integrates environmental, social and governance (ESG) considerations into their day-to-day operations and decision-making to support a sustainable, long-term vision. Investec group believes the greatest socio-economic and environmental impact they can have is to partner with their clients and stakeholders to accelerate a cleaner, more resilient and inclusive world.

Investec group is delighted to participate as a signatory to the UNEP FI and commit to the Principles for Responsible Banking. Investec’s sustainability strategy includes working with clients and stakeholders to accelerate the low-carbon transition aligned with the Paris Agreement on climate change and to increase their business impact in terms of the Sustainable Development Goals. This includes a collaborative approach with stakeholders and other members of the financial sector to ensure best practice and be accountable for financing responsible and sustainable activities.