Society at large

Society at large

Adrian de Groot Ruiz (True Price) about investigating ABN AMRO’s total impact on society.

“Financial and social capital creation are the key elements that impact the bank as a whole. This varies from ABN AMRO’s own income to enabling clients to make profit, to accumulate wealth, to buy a home or to save without worries.”

ABN AMRO’s main contribution to society consists of creating financial and social capital. One way that ABN AMRO understands the scope and complexity of its impact on society is by analysing the Integrated Profit & Loss (IP&L) account. The IP&L attributes a financial value to non-financial effects, such as carbon emissions, a sense of community and well-being. The IP&L recognises the six capitals as defined by the International Integrated Reporting Council (IIRC). This is in line with ABN AMRO’s current reporting approach. Together with True Price, a social enterprise that helps companies quantify and improve their societal impact, we started three IP&L pilot projects in 2015. True Price supported us in our first attempt to measure the impact of our mortgage services, our investments in the cocoa chain and the bank as a whole. The pilot projects produced a first indication of key value drivers, risks, opportunities and actions that could improve our impact on society. For more information on our cooperation with True Price, go to Sustainable banking.