Critical of climate impact

Targeting energy label A by 2030 Read more about our ambition

Our Climate Change Statement​ (PDF 78 KB)

Climate Statement Dutch Banking Association​ (PDF 577 KB)

Climate change – you can spend hours discussing it or you can simply take action. At ABN AMRO we act. We see no other choice, really – if we want to keep global warming below 2 degrees Celsius, society will have to cut carbon emissions. And that’s all of us, including businesses.

CO2, energy label A and a bank?

As a bank, we can make a significant contribution to reducing carbon emissions. This is how it works: 40% of all carbon emissions is produced by the built-up area. Homes, offices, schools, industrial buildings and hospitals - all consuming energy to cool, heat or use equipment. 

ABN AMRO finances over 10% of the total floor space in the built-up environment in the Netherlands. This works out to a total amount of 185 billion euros in loans for homes and buildings on our balance sheet – about two-thirds of the bank’s outstanding loans to clients.

Energy Transition Fund

The energy sector also has a key part to play in reducing greenhouse gas emissions, and the call for renewable energy is more urgent than ever. As the demand for energy keeps rising, there is no avoiding the use of fossil fuels yet, but the share of renewable energy is kicking ahead smartly. ABN AMRO’s Energy Transition Fund focuses on investment opportunities in projects and companies that help accelerate the energy transition. The fund has room to grow to a size of over EUR 200 million and targets four areas:


•             Sustainable energy

•             Energy efficiency and carbon reduction

•             Clean mobility

•             Smart networks


Measuring CO2-impact

ABN AMRO is an active member of the Platform Carbon Accounting Financials (PCAF). The PCAF disclosure method enables financial institutions to measure the carbon impact of their portfolio and to set targets. The ultimate goal of this uniform, open-source and transparent methodology is to work towards a portfolio with a low CO2 impact, in accordance with the Paris Convention on Climate Change. The PCAF members share best practices, discuss dilemmas and work together to improve the methods. This is one of the first initiatives in which financial institutions work together to provide insight into CO2 emissions.