Climate Statement Banks Update 2019

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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. FMO will bring its investment also weigh sustainability, climate impact and environmental are signatories of the UNEP FI Principles producing green energy. In addition, banks that aims to be net climate positive in 2030 portfolio in line with the Paris climate goal damage in our financing and investment decisions for Responsible Banking, which were co- regularly organise dialogue meetings with in all its loans and investments. ING’s of maximum 1.5 °C global temperature developed by ING and Triodos Bank. The stakeholders, such as during the BNG Bank lending to coal mining decreased by 25% increase. Triodos Bank concluded 72 deals are working towards transparency about the (positive and aim of the Principles is to bring the banks’ Sustainability Day and the Springtij Forum, in 2018 and its lending to coal-fired power (total value: 806 million dollars) making negative) impact of our loans and investments on climate policy in line with the Paris climate goals of which FMO, ING, ABN AMRO, NWB Bank plants decreased by 49%. Both NWB Bank them the bank to close the most clean- change and the UN Sustainable Development Goals. and Rabobank were partners. and BNG Bank introduced a sustainability energy deals for the fourth year in a row. Rabobank is actively involved on a local weighing in their credit risk analysis. In 2018, ING, Rabobank and ABN AMRO are encouraging our clients to reduce their CO2 emissions Rabobank financed 5 billion euros in energy were also listed in the top 20 of banks where possible and helping them to do so with products and production in 2018, of which 4 billion euros that are frontrunners in the financing of services in sustainable energy, such as in a wind farm sustainable energy projects. NWB Bank was the first party in the Framework, for a total amount of 500 million strive to accelerate the sustainability of the Dutch housing Netherlands to exceed the threshold of 10 euros. Investors subscribed for approximately supply, offices and other real estate billion euros in sustainable bonds in 2019. 1.7 billion euros. The Rabobank Green Bond As a result, the bank belongs to the global Framework was brought in line with the most The financial sector took an important Bank and Rabobank participate, has now frontrunners. De Volksbank issued its first recent EU standards, such as the proposed step in July 2019: they signed their gone global. The UNEP FI Principles for conduct a dialogue and enter into cooperation with society senior preferred bond under the Green Bond EU Green Bond Standard. commitment to the climate goals of the Responsible Banking Collective Commitment regarding climate adaptation and mitigation and the Dutch government. It was also agreed that to Climate Action in which ING and Triodos financing thereof financial institutions will start reporting Bank were involved, was also launched about the climate impact of their loans and during the UN Climate Summit. Triodos Bank play an active role in the development of international and The NVB publication Climate Impact financial sector, and how this can investments. Banks will announce their was the first to report on the CO2 impact of national policy and criteria for climate- and energy-related Measurement provides examples of methods contribute to a gradual transition. The actions plans including their CO2 reduction its loans and investments in its 2018 annual investments and financial instruments, such as for Green to measure and report the climate impact of NVB and individual banks regularly enter targets for 2030 no later than 2022. report. ING published the first Terra Progress Bonds bank portfolios. Under the flag of the DNB into a dialogue with governments, social Report, which provides insight into the extent Sustainable Finance Platform the financial organisations and other stakeholders, in The launch of PCAF Global took place at to which its loan portfolio is in line with the encourage the Dutch government to regard the climate as a sector (including ABN AMRO, ING and which they plan an active and connecting the UN Climate Summit in New York. This Paris climate goals. Seventeen international top priority and to work on an effective CO2 price Rabobank) are examining the consequence role. initiative to measure the climate impact banks, including ING and ABN AMRO, are of an introduction of a CO2-price for the launched by ASN Bank at the Paris Climate now testing the PACTA methodology of the encourage the Dutch government to strive for binding, Summit, in which Triodos Bank, ABN AMRO, 2°C Investing Initiative. effective European climate goal de Volksbank, BNG Bank, FMO, NIBC, NWB The Climate Statement Banks was signed on 5 November 2015 by: encourage the Dutch government to stimulate and enable Nederlandse Vereniging van Banken, Triodos Bank, Rabobank, BNG Bank, ASN Bank, businesses and institutions to disclose their CO2 emissions, Van Lanschot Bankiers, ING Bank, KAS BANK, Nederlandse Financierings-Maatschappij ING aims to double its climate financing performance. FMO is co-manager of the so that banks are better able to weigh the climate impact in voor Ontwikkelings landen N.V., Nederlandse Waterschapsbank N.V., SNS Bank NV, portfolio, which rose by 13% in 2018 to Dutch Fund for Climate and Development, their financing and investment decisions NIBC Bank and ABN AMRO Bank N.V.. 16.5 billion euros. ING was the first bank a Dutch government fund of 160 million in the world to introduce the Sustainability euros aimed at climate mitigation and Improvement Derivative (SID), a derivative adaptation in developing countries. with a credit spread linked to sustainability © November 2019.Dutch Banking Association.nvb.nl.
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