ABN AMRO and Social Enterprise NL – gains on all fronts

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Today ABN AMRO and Social Enterprise NL, the engine behind the ‘impact first’ movement in Dutch entrepreneurship, renewed their contract for another two years, making this a 10-year partnership. For the first time, the contract was not signed in person, due to the coronavirus measures, but via Teams.

Four departments at ABN AMRO are involved in this partnership: the Sustainable Finance Desk, the Social Impact Fund, Group Sustainability and Sponsoring. “The broad support within the bank for this partnership says enough: social enterprise is a good fit with ABN AMRO,” according to Tjeerd Krumpelman of Group Sustainability. “These entrepreneurs combine the drive to set up a thriving business with the determination to give back to society, bringing new meaning to the word ‘successful’. This way of thinking is very inspiring and will only become more important in the future.”

The need for sustainable economic solutions is growing worldwide, and social enterprises are a key innovative driver in this respect. These businesses are taking the lead in the transition to a sustainable economy, in which creating ‘shared value’ is the norm.

The fledgling social enterprise market holds enormous potential for growth. Impact investors believe that this potential can be better leveraged. They have a strong preference for companies in the growth phase, however, and many social enterprises have not yet reached that stage. That’s why ABN AMRO joined Social Enterprise NL as one of its founding partners, the country-wide platform for social enterprises. It’s a win-win situation, says Stefan Panhuijsen, one of the partners of Social Enterprise NL: “By partnering with ABN AMRO, we can offer our members a very attractive network. Equally, our members are a source of inspiration for the bank and its clients.”

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