ABN AMRO has taken a major step forward in the Transparency Benchmark, having secured a score of 188 out of 200 points – an improvement of 17 points compared to 2015. With this impressive score, ABN AMRO now ranks tenth overall in the list of the most transparent companies in the Netherlands when it comes to reporting sustainability results.
Richard Kooloos, Head of Sustainable Banking at ABN AMRO, says, “We’re so proud of this major increase compared to last year. Our aim was to achieve a score of 180 points for 2017, and we’re thrilled to have met that target. We’re committed to further improve our reporting and level of transparency over the coming years.”
This substantial increase is mainly due to the bank’s efforts to communicate in a more transparent way about sustainability in its integrated annual report. The Sustainable Banking quarterly newsletter and the presentation of sustainability results on the website have also contributed. In addition, ABN AMRO opted to include a value creation model in its reporting for the first time last year in an effort to present a clear picture of the impact of its financial and non-financial services.
ABN AMRO aims to be transparent about its sustainability results and the progress it’s making in its mission to be a better bank for a better world. It also wants to share its knowledge with its stakeholders, enabling them, in turn, to achieve sustainable improvements.
Underwritten by the Dutch Ministry of Economic Affairs, the Transparency Benchmark annually examines the content and quality of corporate social responsibility reporting by Dutch companies. Companies participating in the Transparency Benchmark vie for the Crystal Prize, a leading social reporting award in the Netherlands. Over 200 Dutch companies compete for this coveted prize.
For more information on the Transparency Benchmark, please visit www.transparantiebenchmark.nl.