- Country
- Netherlands
- Sector
- Bank
- Subsector
- Universal Bank
- AUM or Total Assets (Quartile)
- Large
- Coalition Membership
- BEI, NZBA, PRB
Targets
This dimension tracks indicative qualitative commitment and quantitative targets adopted to address climate change, including interim targets and the assets they cover.
Overall
Initial response
Mitigation target
Initial response
The indicator describes whether institutions have set clear and comprehensive targets for climate action (primarily reducing their emissions), whether those are quantitative targets or general, and whether they are disclosed transparently. Sources: CDP, ESG Book, NZAM, NZBA, NZIA, NZAOA, Observatoire de la Finance Durable, PAAO, PRB, S&P Capital IQ, SBTi, UNFCCC.
Actions observed for the institution
- Institution’s primary activity: Lending
- Activity concerned by the target: Lending
- Type of asset concerned by the target: All assets
- Percentage of relevant portfolio covered : 63%
- Short-Term/Near-Term Net-Zero target adopted
- Net-Zero Target or Long-Term Target adopted
- Commits to adopt a mitigation target
- Commits to adopt short term, long term, and intermediate targets
Climate finance target
No action
The indicator describes whether institutions have set and disclosed clear, accountable, and measurable targets to provide a volume of financial services and investments for climate action. Sources: CDP, CPI, NZAOA, WRI.
Divestment target
No action
The indicator describes whether the institution has announced a clear target to divest from fossil fuels, with a clearly defined scope, and matched by fossil fuel exclusion policies. Divestment is the act of selling or disposing of financial assets, such as stocks, bonds, or investments, in companies or industries that are involved in activities harmful to climate (e.g. fossil fuels). It is often used as a strategy by organizations to reduce their exposure to transition risks deriving from potential policy response to climate change. Sources: CDP, CPI, DivestInvest, NZAM
Implementation
The indicator looks at concrete qualitative changes to institution policies, governance, and investment approaches that may influence future or current capital alignment with net zero.
Overall
Initial response
Internal accountability framework
Initial response
The indicator measures to what extent accountability and incentives exist for chief and operations-level staff, as well as whether dedicated climate change responsible person(s) exist in the organization to coordinate climate action. Sources: CDP, CPI, ESG Book, InfluenceMap, PRB, PRI.
Actions observed for the institution
- Chief-level staff is accountable for CC
- Commits to integrate sustainability principles in governance
Shareholder and client engagement
Planned response
The indicator measures whether the organization commits to engaging shareholders or clients on climate action and whether there is evidence of the organization taking the necessary steps by mandating climate reporting requirements or through active ownership on portfolio companies, with no evidence of negative actions that oppose the transition. Sources: CDP, Climate Action 100+, CPI, InfluenceMap, NZAM, NZAOA, NZIA, PAAO, PRB, PRI, PSI.
Actions observed for the institution
- Commits to engage on CC or sustainable practices
Policy engagement
Planned response
The indicator describes the commitment to and level of engagement with government and industry representatives on climate change, in a way that encourages, and does not oppose, the transition. Sources: BEI, CDP, InfluenceMap, Investor Agenda, NZAM, NZAOA, NZIA, PAAO, PRI, PSI, WMB.
Actions observed for the institution
- Commits to work with industry on a sustainable economy
Climate risk strategy
No action
The indicator is based on pillar two of TCFD’s framework, about disclosure of the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material. Sources: CAFI, CDP, InfluenceMap, PRI, TCFD.
Climate risk management
No action
The indicator is based on pillar three of TCFD’s framework, about disclosure of how the organization identifies, assesses, and manages climate-related risks, in short: the organization’s internal climate risk due diligence and related procedures. Sources: CAFI, CDP, CPLC, ESG Book, InfluenceMap, PRI, TCFD, UNFCCC, WMB.
Disclosure of climate risk
Partial response
The indicator describes whether an organization has committed to the disclosure of climate risks and whether it started disclosures. Sources: Climate Action 100+, NZAM, NZIA, PAAO, PRI, TCFD.
Actions observed for the institution
- Publishes TCFD disclosures
Disclosure of investment data
No action
The indicator assesses whether the organization has set up, or plans to set up, internal procedures that allow for the harmonized disclosure of green investment data, as well as investment in high-emissions activities. Sources: CAFI, WRI.
Disclosure of emissions data
Partial response
The indicator measures whether the organization is committing to disclose its financed emissions, whether there is evidence that they are already being tracked by the organization, and breadth of coverage. Sources: CAFI, CDP, ESG Book, InfluenceMap, NZBA, NZAOA, PCAF, PRI, WRI.
Actions observed for the institution
- Portfolio emissions disclosed
- Scope 1 and/or 2 emissions are disclosed
- Unspecified Scope 3 emissions are disclosed
- Some level of emissions is tracked
- Commits to track and disclose emissions
Impact
This dimension looks at quantitative changes in stocks and flows of relevant targets and investments.
Project-level Clean Energy Financing (USDm)
This indicator measures how entities have directly contributed to funding of new clean energy projects via direct/primary investment (currently focused on power sector investment only). Figures are broken down to track USDm investment in the following subsectors: Biofuel/Biomass, Hydroelectric Energy, Solar Energy, Wind Energy, Waste-to-Energy, Power Grids, Nuclear Energy, Carbon Capture and Storage, Energy Storage, Other Climate. Categories are based on CPI’s Global Landscape of Climate Finance taxonomies of low-carbon activities for the power sector. Sources: BNEF, IJ Global.
- Country percentile
- Top 10%
- Sector percentile
- Top 30%
- Country/sector percentile
- Top 30%
- Biofuel/Biomass
- Carbon Capture & Storage
- Energy Storage
- Hydropower
- Nuclear
- Power Grids
- Solar
- Waste-to-Energy
- Wind
- Other*
Corporate-level Green Lending (USDm)
The indicator tracks lending instruments made available to green projects , namely loans and bonds made available for green projects as defined according to Green Loan Principles and Green Bond Principles (in USDm). Examples of eligible projects that have been financed through green bonds include renewable energy projects, such as wind and solar power, energy-efficient buildings, sustainable water management, and clean transportation. Sources: BNEF, CBI.
- Country percentile
- Top 30%
- Sector percentile
- Top 10%
- Country/sector percentile
- Top 10%
- Green Bonds
- Green Loans
Project-level Fossil Fuel Financing (USDm)
This indicator measures how entities have directly contributed to the funding of new fossil fuel projects via direct/primary investment. The current update focuses on power sector investment only. Figures are broken down to track USDm investment in the following subsectors: Oil and Gas Supply Chain, Coal mining, Oil-Powered Energy Production, Gas-Powered Energy Production, Coal-Powered Energy Production. Sources: IJ Global.
- Country percentile
- Top 50%
- Sector percentile
- Bottom 30%
- Country/sector percentile
- Bottom 30%
- Coal-Fired
- Coal Mining
- Gas-Fired
- Oil-Fired
- Oil and Gas Supply Chain
Exposure to Misaligned Assets (USDm)
The indicator measures whether entities’ portfolio’s composition is misaligned with respect to Paris agreement mitigation targets. Misaligned assets are reported both as a share of total portfolio value, as well as a share of assets examined in depth (e.g. assets in traditionally emission intensive sectors). Sources: InfluenceMap.
- Examined Portfolio (USD M)
- Data Not Available
- Misaligned Assets
- Other Assets Examined In Depth
- Other Examined Assets
Exposure to Fossil Fuels (USDm)
The indicator measures entities’ material exposure to fossil fuel investments. Exposure is examined for a subset of the institution’s portfolio for which information exists on exposure to companies of which the primary sector of operations is in, or uniquely associated with, upstream or midstream oil and gas and coal mining sectors. Sources: DivestInvest, InfluenceMap.
- Examined Portfolio (USD M)
- Data Not Available
- Fossil Fuel Assets
- Other Examined Assets
Portfolio Emissions (tCO2e)
The indicator measures the level of financed emissions as reported by the financial institution. Specifically, we track information on either Scope 3 – Category 15 (Investments) emissions and Portfolio emissions. In the absence of comparable emissions between various years within the same institution, latest emissions are considered, and past ones are estimated. Sources: CDP, ESG Book.
- First Year of Emissions Disclosure
- 2020
- Most recent disclosed emissions (TCO2E)
- 26,241,000
- Country percentile
- Bottom 30%
- Sector percentile
- Not available
- Country/Sector percentile
- Not available
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Institutions
Targets alignment | Implementation alignment | Impact alignment | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Institution | Country | AUM or Total Assets (Quartile) | Overall | Mitigation target | Climate finance target | Divestment target | Overall | Internal accountability framework | Shareholder and client engagement | Policy engagement | Climate risk strategy | Climate risk management | Disclosure of climate risk | Disclosure of investment data | Disclosure of emissions data | Project-level Clean Energy Financing (USDm) | Corporate-level Green Lending (USDm) | Project-level Fossil Fuel Financing (USDm) | Exposure to Misaligned Assets (%) | Portfolio Emissions (tCO2e) | Exposure to Fossil Fuels (%) |
| ABN AMRO BANK N.V. | Netherlands | Large | Initial | Initial | None | None | Initial | Initial | Planned | Planned | None | None | Partial | None | Partial | 610.62 | 0 | 0 | Not assessed | 26,241,000 | Not assessed |
| ABP | Netherlands | Large | Initial | Initial | None | Full | Partial | Initial | Full | Planned | Full | Full | Full | None | Partial | 0 | 0 | 0 | Not assessed | Not assessed | Not assessed |
| AIB Group Plc | Ireland | Medium-large | Initial | Initial | None | Partial | Partial | Initial | Planned | Full | Partial | Full | Partial | None | Partial | 0 | 1,565.02 | 0 | Not assessed | 2,452,000 | Not assessed |
| ABANCA Corporacion Bancaria S.A | Spain | Medium-small | Initial | Initial | None | None | Planned | Planned | Planned | None | None | None | None | None | Planned | 0 | 500.4 | 0 | Not assessed | Not assessed | Not assessed |
| ACTIAM | Netherlands | Not Available | Initial | Partial | None | None | Partial | Full | Planned | Planned | Partial | Full | Partial | None | Partial | 0 | 0 | 0 | 2 | Not assessed | 2 |
| AMF Pension | Sweden | Medium-small | Initial | Initial | Initial | None | Initial | Initial | Planned | Planned | None | None | Partial | None | Planned | 0 | 0 | 0 | Not assessed | Not assessed | Not assessed |
| AP Pension | Denmark | Not Available | Initial | Initial | None | None | Initial | Initial | Planned | Planned | Planned | Planned | Planned | None | None | 0 | 0 | 0 | Not assessed | Not assessed | Not assessed |
| AP2 (Second Swedish National Pension Fund) | Sweden | Not Available | Initial | Initial | None | Partial | Initial | Initial | Planned | Planned | Full | Full | Partial | None | Initial | 0 | 0 | 0 | Not assessed | Not assessed | Not assessed |
| AP7 | Sweden | Not Available | Initial | Initial | None | None | Initial | Initial | Planned | Planned | Initial | Planned | Partial | None | None | 0 | 0 | 0 | Not assessed | Not assessed | Not assessed |
| APG Asset Management | Netherlands | Not Available | Initial | Partial | None | None | Partial | Full | Full | Planned | Full | Full | Partial | None | Partial | 0 | 0 | 0 | Not assessed | Not assessed | Not assessed |
| ARC Ltd | South Africa | Not Available | Initial | Initial | Initial | None | Initial | Initial | Planned | Planned | None | None | None | None | Planned | 0 | 0 | 0 | Not assessed | Not assessed | Not assessed |
| AXA - Group Management Services | France | Large | Partial | Partial | Initial | Partial | Partial | Initial | Full | Full | Partial | Partial | Partial | None | Partial | 0 | 0 | 0 | 2 | 6,996,468 | 2 |
| ASR Nederland N.V. | Netherlands | Medium-small | Initial | Initial | None | Partial | Partial | Full | Planned | Full | Partial | Partial | Full | None | Partial | 32.47 | 0 | 0 | Not assessed | 2,332,233 | Not assessed |
| ATLAS Infrastructure | United Kingdom | Small | Initial | Partial | None | None | Partial | Initial | Planned | Planned | Partial | Partial | Partial | None | Partial | 0 | 0 | 0 | Not assessed | 195,960.62 | Not assessed |
| AXA Investment Managers | France | Not Available | Initial | Partial | None | None | Partial | Full | Full | Planned | Full | Partial | Partial | None | Partial | 0 | 0 | 0 | Not assessed | Not assessed | Not assessed |