Banks| Dodgy Deals| Map| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Join our Active Allies list
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2020-12-22 00:00:00
Blog: In 2020, the Equator Principles struggle to remain relevant
2020-12-14 00:00:00
The battle to stop Line 3 is heating up on the ground and across the US
2020-12-14 00:00:00
Corporate accountability and the just transition: Frameworks for holding corporations accountable for climate change
2020-12-12 00:00:00
Five years since the Paris Agreement, are banks' 2050 pledges enough to reign in fossil fuel finance?
2020-09-24 12:53:20
Oscislowo open-pit coal mine cancelled
2020-09-08 13:07:41
Strengthened OECD guidance on responsible banking
2020-02-25 10:35:27
JPMorgan Chase Coal and Arctic Policy a step forward but fails to match its climate responsibility as the world’s #1 Fossil Bank
2020-02-18 17:27:23
Civil society groups welcome Royal Bank of Scotland preparing to exit fossil fuels
Connect
2020-11-30 00:00:00
Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact
2020-11-24 00:00:00
"Trust Us, We're Equator Banks": Part II
2020-11-18 00:00:00
Crude Risk: Risks to banks and investors from the East African Crude Oil Pipeline
2020-09-16 00:00:00
Principles for Paris-Aligned Financial Institutions: Climate Impact, Fossil Fuels and Deforestation
2020-08-17 00:00:00
"Trust Us, We're Equator Banks": Part I
2020-03-18 00:00:00
Banking on Climate Change - Fossil Fuel Finance Report 2020
See all publications
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Home › News
Milieudefensie publishes Climate Performance Index 2007 of Dutch Banks
ABN Amro climate laggard, Triodos and ASN climate leaders
Start
Banks

By: Milieudefensie
2007-06-09
Amsterdam

Contact:

For more information: Milieudefensie Press Office: Tel + 31 (0)20 5507 333 - Donald Pols Tel: +31 (0)6 20801096 or donald.pols@milieudefensie.nl - http://www.milieudefensie.nl/klimaat - http://www.nietmetmijngeld.nl


Share this page:

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, www.nietmetmijngeld.nl (“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.

 

Related banks

ABN AMRO Netherlands

active

ASN Bank Netherlands

active

ING Netherlands

active

Rabobank Netherlands

active

Triodos Bank Netherlands

active
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted