sign on form

Stay up to date

Sign up now for all our news
in one monthly digest

Milieudefensie publishes Climate Performance Index 2007 of Dutch Banks

ABN Amro climate laggard, Triodos and ASN climate leaders
By Milieudefensie | Amsterdam, Jun 9 2007
Investments by Dutch banks cause more than three times the total CO2 emissions that the Netherlands emit annually. Dutch banks invest over twenty times more in projects that harm the climate such as oil extraction and coal-fired plants, than in projects for climate friendly renewable energy. ABN AMRO is the worst performing Dutch bank with the biggest climate impact. These are the findings of a Friends of the Earth Netherlands (Milieudefensie) report published today. With the slogan “Climate Change? Not with my money!”, the environmental organisation is calling on consumers to switch to a climate friendly bank.

Milieudefensie has launched the website, (“not with my money”), calling for climate conscious banking. “Banks have an enormous climate impact. Their investments in fossil fuels cause 594 million tonnes of greenhouse gas CO2 emissions. This is more than three times the amount that the Netherlands emits in a year,“ says Donald Pols of Friends of the Earth Netherlands.  “The 6.9 billion euros that banks invest in renewable energy are peanuts compared to the 118 billion euros that they invest in fossil fuels.” The banks are not very open about the impact of their investments on the climate. Milieudefensie's report is the first overview to date comparing these investments.
Customers can reduce their CO2 substantially by choosing a climate conscious bank. “For example, an ABN AMRO customer who transfers 2,000 euros from their savings account to the Rabobank, reduces just as much  CO2  as they would by replacing all their incandescent light bulbs with energy saving ones. If they were to transfer 10,000 euros from the ABN AMRO to the Triodos Bank or the ASN Bank they would save as much CO2 as not driving their car for half a year. 

On the website, consumers can check the amount of CO2 emissions a bank causes with their savings. Customers can send an e-mail to their bank or order an infopack on how to switch to a climate conscious bank. “We hope large numbers of consumers and organisations will join in this action”, says Pols.

ASN Bank and Triodos Bank are the most climate friendly banks in the Netherlands. “Other banks should follow their example and reduce their investments in dirty fossil fuels. We must invest more in energy efficiency and renewables,” adds Donald Pols. He concludes: “It is all hands on deck to save the climate now. Influential actors like banks have a special responsibility to take action and start investing in solutions to climate change.”

Members of Parliament will ask questions to the Dutch government about the findings of the report this Monday.



For more information: Milieudefensie Press Office: Tel + 31 (0)20 5507 333 - Donald Pols Tel: +31 (0)6 20801096 or - -

Milieudefensie Website

ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up…
ASN Bank
ASN is an independently operating bank that is part of the SNS Bank N.V. It was founded in 1960. ASN aims to be a leading bank in sustainable banking in the Netherlands,…
ING (an abbreviation of Internationale Nederlanden Groep) is a Netherlands based international financial services company and one of the world's largest savings banks. ING…
Rabobank Group is a full-range financial services provider based in the Netherlands. It is founded on cooperative principles and as such owned by its members. The bank offers…
Triodos Bank
Triodos Bank is a social-ethical bank that finances companies, institutions and projects that add cultural value and benefit people and the environment, with the support…

Good login. Redirecting to
'My Banktrack'.
Wrong login. Click here to request your password.
An email has been sent with your login!
Request password
This email is unknown.
<< Back
Please provide one or more search terms

Join our mailinglist

Get all our latest news releases delivered straight to your inbox - or get our News Digest once a month

banktrack tweets
RT @wwwfoecouk: Today, Ruby & her mum moved their living room into a Barclays branch in York. Find out why #Reclaim
Oct 25, 2016
UN urges Bangladesh to scrap coal plant near world's largest mangrove #SaveSundarbans #StopRampal
Oct 24, 2016
Vismarkt 15
6511 VJ Nijmegen
Contact us