Nedbank invests N$5m in Go Green Fund

May 28, 2015, 1:09pm

Nedbank invests N$5m in Go Green Fund

Nedbank Namibia has invested N$5 million in the Go Green fund since its implementation in 2001, revealed Andreas Mwoombola, Nedbank Executive Head of Transformation, Strategy and Marketing at the launching of the Go Green Fund Special Edition Conservation Magazine, this week.

Mwoombola said that, “The challenges are still immense. Reducing the vulnerability of local communities exposed to climate change by increasing the volume and effectiveness of finance directed towards adaptation remains a key imperative for every entity that has vested business interests in our country.”

Manager Go Green, CSI and Sponsorship at Nedbank Namibia, Jacky Tjivikua said the increasing involvement of corporates in environmental and sustainable development programmes really highlights that Namibia is going in the right direction, in terms of sustainable environmental management. Angus Middleton Executive Director Namibia Nature Foundation commented that, “As we look forward, we look towards a stronger partnership between Nedbank and the NNF, to continue tackling some of the pressing conservation and sustainable development issues that face Namibia.”

Tjivikua said Nedbank Namibia appreciates that funding is often very limited and that government can only do a confined amount of environmental work. “Funding from the private sector is therefore an absolute imperative to sustain the commitments made towards environmental conservation and protection,” she said Dr. Andreas Mwoombola concluded saying, “Nedbank remains ever thankful for the support of our clients, for we donate funds to the Go Green initiatives whenever a client buys their dream house or car by means of financing arrangements with Nedbank Namibia.

Similarly, we are thankful for every researcher braving harsh weather conditions in the Namibian bush to unlock Nature’s secrets and find ways in which we can care for our natural environment”. The Go Green Fund Special Edition showcases some of the projects that have been supported county wide for the past 14 years.