| Website | http://www.abnamro.nl/en/index.html |
| Headquarters |
Gustav Mahlerlaan 10
1082 PP Amsterdam
Netherlands
|
| CEO/chair |
Robert Swaak CEO |
| Supervisors | |
| Ownership |
listed on NYSE
ABN AMRO is for 56.3% owned by the Dutch State via NL financial investments (NLFI). ABM AMRO's complete shareholder structure can be accessed here. |
ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. Its origins date back to 1824. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis. ABN AMRO serves retail, private and commercial banking customers in the Netherlands and to a lesser extent in other markets, where it prioritises serving Dutch companies doing business abroad. It is also active internationally in areas where it claims to have substantial expertise, such as Energy, Commodities & Transportation (ECT) and ABN AMRO Clearing. Its private banking activities are focused on the Netherlands, Europe and Asia.
ABN AMRO's webpage on corporate social responsibility can be accessed on the page below
ABN AMRO is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of ABN AMRO's link to these deals.
Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of ABN AMRO's fossil fuel policy below.
BankTrack assessed ABN AMRO in its 2022 Global Human Rights Benchmark, where it achieved 8.5 points out of 14 and was ranked as a front runner. In addition, ABN AMRO scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.
ABN AMRO’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 7.2 out of 10 and ranking it as a leader. ABN AMRO achieved a score of 5.9 out of 10 specifically for its policies related to the beef sector and 7.2 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed ABN AMRO's policies related to the pulp and paper sector.
Between 2016 and 2022, ABN AMRO provided USD 1,912 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 1 million as of 2022. For more information, see the links below.
A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
ABN AMRO is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.
BankTrack is keeping track of the public response of ABN AMRO to Russia's illegal invasion of Ukraine. ABN AMRO has publicly condemned the war. ABN AMRO's status of operations in Russia is "unclear". We consider its exposure to Russia as limited. ABN AMRO supports the Russian fossil fuel industry through investments, loans and underwriting. For further details, see the table linked below.
