ABN AMRO has launched a new sustainability indicator which gives clients clear and extensive insight into how specific companies perform on sustainability and corporate responsibility.
In addition to its current investment strategy, which excludes investments in controversial weapons and rates companies based on ESG (environmental, social and governmental) criteria, the bank now also takes into account the exposure to violations of public treaties and the company’s sustainability policy.
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Solange Rouschop, Head of Investment Services & Sustainability: ‘Sustainable investment is becoming increasingly important to our clients and ever more mainstream. As a large asset manager, ABN AMRO can have a significant impact on improving responsible behaviour among businesses. I see the results every day and am happy that we have taken new steps in the interests of our clients.’
In addition to launching the new sustainability indicator, ABN AMRO has teamed up with RobecoSAM to establish a new engagement process for businesses that systematically very seriously violate the UN Global Compact principles.
The aim of the dialogue, which RobecoSAM is conducting on behalf of ABN AMRO, is to improve the company’s conduct. If this does not yield improvements within three to five years, ABN AMRO may decide to pursue exclusion of the company from the investment proposition and to sell the bank’s positions in the asset management activities and Investment Funds of the company in question.
Last year clients of ABN AMRO and ABN AMRO MeesPierson invested a record amount of over EUR 5.1 billion in sustainable products. That is 16.3% more than a year ago. The bank expects this figure to rise further in 2015.
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