2020 NL Customer Experience Excellence Report
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De Volksbank N.V. Annual Report 2020
2020 Annual Report REPORT OF THE BOARD GOVERNANCE RISK FINANCIAL STATEMENTS OTHER INFORMATION ADDITIONAL 2 de Volksbank N.V. Annual Report 2020 BETTER FOR EACH OTHER 4 OTHER INFORMATION 192 Key figures 6 Provisions regarding profit or loss appropriation 192 Foreword of the CEO 8 Independent auditor's report 194 1 STRATEGY AND PROGRESS 10 ADDITIONAL INFORMATION 204 1.1 Economic developments 11 Definitions and abbreviations 204 1.2 Our Strategy 13 Disclaimer 210 1.3 Developments in our shared value ambition 15 1.4 Options for the future 18 1.5 Commercial developments 19 1.6 Financial results 20 1.7 Compliance and de Volksbank 24 1.8 Responsible tax policy 26 2 GOVERNANCE 28 2.1 Supervisory Board and Board of Directors 29 2.2 Report of the Supervisory Board 33 2.3 Banking Code 37 2.4 Dutch Corporate Governance Code 37 2.5 Legal structure of de Volksbank 38 2.6 Remuneration Report 38 3 RISK MANAGEMENT 44 3.1 Risk management structure 45 3.2 Strategic risks 52 3.3 Credit risk 54 3.4 Market risk 86 3.5 Non-financial risks 90 3.6 Liquidity management and funding strategy 94 3.7 Credit ratings 103 3.8 Capital management 104 3.9 Sustainability risk 115 3.10 Management statement 123 FINANCIAL STATEMENTS 126 Consolidated financial statements 128 Notes to the consolidated financial statements 132 Company financial statements 178 Notes to the company financial statements 181 REPORT OF THE BOARD GOVERNANCE RISK FINANCIAL STATEMENTS OTHER INFORMATION ADDITIONAL de Volksbank N.V. Annual Report 2020 3 Presentation of information This 2020 Annual Report consists of: • The Report of the Board of Directors, comprising: This is our 2020 Annual Report. -
Webversie 2020 08 01.Xlsx
OVERZICHT BELEGGINGSPRODUCTEN IN AEQUOTE PER 01-08-2020 OVERZICHT LIJFRENTE OPBOUW BELEGGINGSPRODUCTEN IN AEQUOTE PER 01-08-2020 Maatschappij ProductNaam Aegon Beheerd Beleggen Lijfrente Binck Pensioen Brand New Day Pensioenrekening Brand New Day ZZP Pensioenrekening Bright Pensions BrightPensioen DEGIRO Pensioenrekening Dexxi Pensioen Evi van Lanschot Evi Pensioen Leidsche verzekeringen Lijfrenteverzekering Loyalis ZZP Pensioen NNEK Pensioenrekening NNEK Pensioenrekening - Fondsenplatvorm Ostrica Perlas Rabobank Rabo ToekomstBeleggen Scildon Scildon Beleggen Scildon Nova Garant Polis Scildon Nova Polis Scildon Particulier Pensioen Plan OVERZICHT OPBOUW EIGEN WONING BELEGGINGSPRODUCTEN IN AEQUOTE PER 01-08-2020 Maatschappij ProductNaam Brand New Day Hypotheekaflossing Ostrica Perlas Rabobank Rabo OpbouwHypotheek Scildon Scildon Beleggen Scildon Nova Garant Polis Scildon Nova Polis OVERZICHT BELEGGINGSREKENINGEN IN AEQUOTE PER 01-08-2020 Maatschappij ProductNaam ABN AMRO ABN AMRO Vermogensbeheer ABN AMRO ABN AMRO Zelf Beleggen Basis ABN AMRO ABN AMRO Zelf Beleggen Plus ABN AMRO ABN AMRO Begeleid Beleggen Aegon Aegon Beheerd Beleggen Alex Vermogensbank Alex Laten beleggen ASN ASN Beleggingsrekening/Maandbeleggen ASN ASN Doelbeleggen Binck Binck Fondsbeleggen - Alles in 1 Portefeuilles Binck Binck Fondsbeleggen - Duurzaam beleggen Binck Binck Forward Binck Binck Select Binck Binck Zelf Beleggen BLG BLG Doelbeleggen Brand New Day BND Beleggingsrekening Bright Pensions Bright Beleggingsrekening Centraal Beheer Centraal Beheer Fondsbeleggen -
Report Profundo
Eerlijke Verzekeringswijzer Dutch Fair Insurance Guide A Case Study on Transparency & Accountability A research paper for Amnesty International, Dierenbescherming, FNV, Milieudefensie, Oxfam Novib and PAX Eerlijke Verzekeringswijzer Dutch Fair Insurance Guide A Case Study on Transparency & Accountability A research paper for Amnesty International, Dierenbescherming, FNV, Milieudefensie, Oxfam Novib and PAX Date of publication 5 July 2016 Hester Brink, Retno Kusumaningtyas, Michel Riemersma, Joeri de Wilde Naritaweg 10 1043 BX Amsterdam The Netherlands Tel: +31-20-8208320 E-mail: [email protected] Website: www.profundo.nl Contents Samenvatting ............................................................................................................ i Summary ......................................................................................................... vii Introduction ........................................................................................................... 1 Chapter 1 Background ...................................................................................... 3 1.1 What is at stake? ....................................................................................... 3 1.2 Themes ...................................................................................................... 4 1.2.1 Organisation................................................................................................ 4 1.2.2 Policy ......................................................................................................... -
Annual Report SNS Bank NV 2015
Banking with a human The original financial statements were drafted in Dutch. This document is an English translation of the original. In the touch case of any discrepancies between the English and the Dutch text, the latter will prevail. Annual report 2015 2 SNS Bank NV Annual report 2015 > 86 168 192 268 30 286 1 SNS BANK AT A GLANCE 8 5 SNS BANK PERFORMANCE 50 1.1 Mission and vision 9 5.1 Financial and commercial developments 51 1.2 Strategy 9 5.2 Our strategic themes 58 1.3 History 10 5.3 Brand performance 67 1.4 Value creation 11 5.4 Our People 76 5.5 The importance of information technology 81 5.6 Tax policy 83 2 FOREWORD 14 3 REPORT OF THE 20 6 RISK, CAPITAL & LIQUIDITY 88 SUPERVISORY BOARD MANAGEMENT 6.1 Summary 90 4 SNS BANK AND ITS STRATEGY 32 6.2 Risk management organisation 91 6.3 Risk profile and risk appetite 96 4.1 Developments 33 6.4 Capital management 104 4.2 Developments in the regulatory environment 39 6.5 Credit risk 116 4.3 Stakeholder engagement 42 6.6 Market risk 143 4.4 SWOT Analysis 45 6.7 Liquidity management and funding 149 4.5 Mission and strategy 46 6.8 Credit ratings 159 6.9 Key non-financial risks 161 SNS Bank NV Annual report 2015 > Table of contents 3 86 168 192 268 30 286 7 CORPORATE GOVERNANCE 170 Independent auditor's report 272 Independent Auditor's Assurance Report 282 7.1 Composition, appointment and duties of the 171 Board of Directors 7.2 Composition, appointment and duties of the 173 Supervisory Board ADDITIONAL INFORMATION 286 7.3 Bank and society 175 Composition of the Board of Directors 288 -
Framework February 2021 Table of Contents
Green Bond Framework February 2021 Table of contents 1. Introduction ������������������������������������������������������������������������������������ 3 1.1 Sustainable Milestones ASN Bank & de Volksbank ���������������������������� 5 2. A future based on sustainability ������������������������������������ 6 2.1 Climate �������������������������������������������������������������������������������������������������� 7 2.2 Human Rights ������������������������������������������������������������������������������������� 12 2.3 Biodiversity ������������������������������������������������������������������������������������������ 13 2.4 Alignment with United Nations’ Sustainable Development Goals (UN SDGs) and the EU Environmental Objectives ������������������������ 15 3. Green Bond Framework ���������������������������������������������������� 17 3.1 de Volksbank Green Bond Framework ��������������������������������������������� 18 3.2 Use of Proceeds ��������������������������������������������������������������������������������� 18 3.3 Process for Project Evaluation and Selection ����������������������������������� 19 3.4 Management of Proceeds ������������������������������������������������������������������ 21 3.5 Reporting �������������������������������������������������������������������������������������������� 21 3.6 External review ����������������������������������������������������������������������������������� 22 Green Bond Framework 2 Focus on Dutch retail customers 3 core services: Mortgages Four distinctive Profile -
ING Group Sustainability Report 2013
ING Group Sustainability Report 2013 Simpler, stronger, sustainable 1 Contents Contents in this report ABOUT THis REPORT 2 6 Improving environmental performance 60 I Our approach to sustainability reporting 3 6.1 Improving environmental performance: at a glance 61 II Performance data 4 6.2 Driving efficiency 62 III Q&A CEO 5 6.3 Sustainable procurement 64 IV Q&A Global Head of Sustainability 7 6.4 Monitoring and reporting environmental performance 66 OVERVIEW 8 6.5 Progress report 70 1.1 Company overview 9 7 Engaging our employees 71 2 Our strategic approach to sustainability 11 7.1 Engaging our employees: at a glance 72 2.1 Sustainability at ING 12 7.2 Being a responsible employer 73 2.2 What matters most to us: materiality 14 7.3 Building a professional and accountable culture 75 2.3 Stakeholder engagement 17 7.4 Promoting an inclusive and balanced culture 77 2.4 Our sustainability roadmap 22 7.5 Measuring our performance as an employer 79 DELIVERING ON OUR COMMITMENTS 23 7.6 Progress report 80 3 Our sustainability performance 24 8 Creating positive change in communities 84 3.1 Progress report 25 8.1 Creating positive change in communities: at a glance 86 3.2 External review of ING’s sustainability performance 27 8.2 Educating children 87 4 Enhancing customer centricity 28 8.3 Promoting financial empowerment 4.1 Enhancing customer centricity: at a glance 29 and entrepreneurship 89 4.2 Putting customers’ interest first 30 8.4 Support for local themes 91 4.3 Helping customers manage their financial future 32 8.5 Progress report 93 4.4 -
Climate Statement Banks Update 2019
ABN AMRO, BNG Bank, ING, NIBC, NWB Triodos Bank are energy positive and both Climate Statement Banks In addition to the earlier Standard Contract Mission 2030, the bank aims for an average Bank, Rabobank, Triodos Bank and de designs received the highest sustainability Solar Panels, the NVB will soon publish energy label A for real estate. Triodos Bank Volksbank are climate neutral in their business certification: BREEAM Outstanding. When the Update 2019 two other versions for lease arrangements provides mortgage loans to the residents operations. ABN AMRO aims to have all of its NIBC head office was renovated, the building and for companies on leasehold land of Schoon schip - the most sustainable own buildings meet the Paris Proof norm (a went from energy label G to A. BNG Bank subject to ground rent. This will simplify residential district in Europe. De Volksbank maximum energy consumption of 50 kWh per significantly reduced its own CO2 footprint in We, the banks in the Netherlands, united in the Dutch the financing of solar panels on the roofs of brands formulated a common vision on m²) by 2030. The new head offices of ING and 2018 by 12%. Banking Association (NVB): commercial property. ABN AMRO introduced sustainable housing, as a contribution to the Sustainable Home Mortgage. In its green living in the Netherlands. are transparent regarding the climate impact of our business operations and are working on constantly improving energy ASN Bank and ASN Investment Funds are in the Dutch province of Zeeland, which efficiency 118% climate neutral. In addition, ASN will provide energy to 825,000 households ABN AMRO, Rabobank and de Volksbank level in setting up energy cooperatives for Bank is probably the first bank in the world in 2021. -
Besluit in Zaak 7051
Openbare versie Nederlandse Mededingingsautoriteit BESLUIT Besluit van de Raad van Bestuur van de Nederlandse Mededingingsautoriteit als bedoeld in artikel 37, eerste lid, van de Mededingingswet. Nummer 7051 / 197 Betreft zaak: 7051/ Eureko B.V. - Coöperatie De Friesland U.A. I. MELDING 1. Op 15 oktober 2010 heeft de Raad van Bestuur van de Nederlandse Mededingingsautoriteit (hierna: de Raad) een melding ontvangen van een voorgenomen concentratie in de zin van artikel 34 van de Mededingingswet. Hierin is medegedeeld dat Eureko B.V. en Coöperatie De Friesland U.A. voornemens zijn een concentratie aan te gaan in de zin van artikel 27, eerste lid, van de Mededingingswet. 2. Van de melding is mededeling gedaan in Staatscourant nr. 16764 van 22 oktober 2010. Naar aanleiding van de mededeling in de Staatscourant zijn zienswijzen van derden naar voren gebracht. Deze zienswijzen worden, voor zover er overwegingen aan zijn ontleend die dragend zijn voor dit besluit, in het navolgende nader uiteengezet. Ambtshalve zijn vragen gesteld aan verschillende marktpartijen. In onderhavige zaak is een zienswijze ontvangen van de Nederlandse Zorgautoriteit (hierna: NZa); hierop wordt in de punten 54 en 55 ingegaan. II. PARTIJEN 3. Eureko B.V. (hierna: Eureko) is een besloten vennootschap naar Nederlands recht. Zij heeft als belangrijkste aandeelhouders Vereniging Achmea, die via Stichting Administratiekantoor Achmea circa 55% van de aandelen houdt en de Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (hierna: Rabobank) die circa 39% van de aandelen houdt, terwijl de overige aandelen in handen zijn van strategische investeerders. Vereniging Achmea en Rabobank hebben gezamenlijke zeggenschap over Eureko.1 Eureko houdt alle aandelen in Achmea Holding N.V., een naamloze vennootschap naar Nederlands recht, die aan het hoofd staat van de Achmea Groep. -
Climate Statement Banks Update 2017
Climate Statement Banks Update 2017 Before the Climate Summit in Paris in 2015, the Climate Statement Banks was signed on 5 November 2015 by the Dutch Banking Association and various banks. Dutch banks take climate change seriously and are taking further steps together. The climate issue demands an effort from everyone. Therefore, the banks call on the Dutch government and other stakeholders to continue to work on solutions together. This document contains an update of the latest initiatives of the banks in 2017. We, the banks in the Netherlands, united in the Dutch Banking Association (NVB): 1 are transparent ABN AMRO opened its circular pavilion Circl on the Zuidas business regarding the climate district in Amsterdam in 2017 and will bring all its own and leased offices impact of our business to energy label A in 2023. operations and we are ING, de Volksbank, Rabobank, Van Lanschot, Triodos Bank and NIBC are working on constantly climate neutral in their business operations. improving energy efficiency 2 weigh sustainability, ABN AMRO has tightened its policy for the financing of electricity climate impact and companies, whereby the bank intends to phase out coal from its lending environmental damage portfolio according to the '450 scenario’ of the International Energy in our financing and Agency (IEA). investment decisions and Rabobank participates in the TCFD pilot project and TCFD Working Group we are working towards (Task Force on Climate-related Financial Disclosures). transparency about the ING reported the amount of coal in its portfolio for the first time in its (positive and negative) annual report 2016. -
Bestand Oude Pensioenfondsen
Bestand oude Pensioenfondsen Oude Naam Nieuwe Naam Aagrunol Delta Lloyd Levensverzekering N.V. Aardappelmeelindustrie en aanverwante Aegon Levensverzekering N.V. bedrijven Aarden, Pensioenfonds, F.J.M. Interpolis BTL N.V. Aarque Aegon Levensverzekering N.V. Aarque Systems B.V., Stichting Aegon Levensverzekering N.V. pensioenfonds voor het personeel van Aarts & Co Delta Lloyd Levensverzekering N.V. Abbe, de Karel I Fabrieken H. J. van Aegon Levensverzekering N.V. Aberson RVS Levensverzekering N.V. ABG AVIA, Stichting Pensioenfonds ABM Ballast Nedam, Stichting Pensioenfonds ABM II Nationale-Nederlanden Levensverzekering Maatschappij N.V. ABN AMRO P ABN Amro Bank N.V., Stichting Pensioenfonds van de ABOP Onderwijsbond, Stichting Pensioenfonds van de Algemene A.B.O.P., Stichting Onderwijsbond, Stichting Pensioenfonds van de Aanvullingspensioenfonds van de Algemene AbvaKabo, Stichting Pensioenfonds Gezondheid, Geestelijke en Maatschappelijke Belangen, Stichting Pensioenfonds voor de Accountantskantoren, Vereenigde RVS Levensverzekering N.V. Accountantsunie ZLM Avéro Pensioenverzekeringen N.V. Accountantsunie ZLM Fortis ASR Levensverzekeringen N.V. Accountantsunie ZLM, Stichting Avéro Pensioenverzekeringen N.V. Toeslagfonds Pensioenen Accountantunie ZLM, Stichting Fortis ASR Levensverzekeringen N.V. Toeslagfonds Pensioenen ACM AGRIFIRM, Stichting Pensioenfonds ACP Pensioenfonds, Stichting Douwe Egberts, Stichting Pensioenfonds Ad. Hopf Delta Lloyd Levensverzekering N.V. Adam N.V., Wormerveer Alex Gamma Holding Nederland, Stichting Pensioenfonds -
Building Highways to SDG Investing Report
Building Highways to SDG Invesing Invitation to collaborate on a Dutch susainable development invesing agenda December, 2016 ABBREVIATIONS “We invite the Dutch government and DNB to 2015 Agreements The 2030 Agenda for Susainable Development, the Addis Ababa Acion Agenda and the Paris Agreement on Climate Change collaborate with the undersigned to continue 2030 Agenda The 2030 Agenda for Susainable Development by the United Nations to take acion in support of the 2030 Agenda ACM Authority Consumer and Market AFM Autoriteit Financiële Markten DNB De Nederlandsche Bank / Dutch Central Bank for Susainable Development.” ECI Export Credit Insurance EMIR European Market Infrasrucure Regulation ESG Environmental, Social, Governance FIN Financial secor FTK Financieel Toetsingskader SDGI Signatories GIIN Global Impac Invesing Network GOV Government HLPF High-Level Political Forum I&M Infrasrucure and Environment OECD Organization for Economic Cooperation and Development REG Regulator SDG(s) Susainable Development Goal(s) / Global Goal(s) for Susainable Development SDGI initiative Susainable Development Goals Invesing Initiative SME Small-Medium Sized Enterprises TOSSD Total Ofcial Support for Susainable Development WG Working Group DISCLAIMER All information provided in this document is for information purposes only and is not, and does not consitute or intend to consitute, invesment advice or any invesment service as referred to in the Ac on Financial Supervision. 3 In 2015, world leaders from all secors signed of on three major susainability mandates - the 2030 Susainable Development Agenda, the Addis Ababa Acion Agenda, and the Paris Agreement on Climate Change. The 2015 Agreements provide a comprehensive, global srategy towards a fair, sable and susainable society. 4 5 INVITATION INVITATION Our Invitation Our world is in flux. -
Banks' Climate Commitment 2020
Banks’ climate commitment 2020 Insight into measurement methods and climate actions of the banking sector The Dutch financial sector (banks, pension funds, insurers and asset managers) contributes extensively to the government’s climate objectives. These climate objectives were drawn up to reduce greenhouse gas emission by 49% in 2030 compared to 1990 in a cost-effective way. More than 50 financial institutions have committed themselves to report on the climate impact of their relevant financing and investments activities from the 2020 financial year onwards. Moreover, financial institutions will announce their action plans and reduction targets that contribute to the Paris Agreement by no later than 2022. Banks have taken up the challenge energetically, both individually and as a sector. This overview presents examples of joint initiatives from the banking sector. The overview also provides examples of how different banks are already utilising measurement methods. As recently demonstrated, more than half of the financial institutions that signed the Climate Commitment already (partially) report CO2 emissions. Finally, the overview presents examples of the efforts of individual banks. 2021 will see the publication of a sector report that will provide more insight into the financial sector as a whole. Examples of joint initiatives in the banking sector • With the Sustainable Housing Sector Collective, mortgage advisers are offered a Sustainable Housing Adviser training course to better promote the importance of making people's homes sustainable. • The Climate Risk Working Group, united under the Sustainable Finance Platform, published an anthology in which they describe how they manage climate risks in their portfolios and the major insights and challenges involved.