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Created before Nov 2016
Last update: 2017-09-01 10:45:30
Johan Frijns, Director, BankTrack
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ASN Bank is an independently operating bank that is part of the Volksbank N.V. It was founded in 1960. ASN Bank aims to be a leader in sustainable banking in the Netherlands. In its investment and lending decisions, the bank pays strong attention to issues around child labour, climate, human rights and genetic technology. In December 2016 ASN controlled assets worth EUR 13.6 billion.
2594AG The Hague
Joyce van der Est en Arie Koornneef |
|Annual report||Annual report 2016|
ASN bank is a subsidiary of de Volksbank N.V. (formerly SNS bank), which has been state-owned since its rescue in 2013.
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Maatschappelijk Verantwoord Beleggen
Banks shun harmful investments
Milieudefensie publishes Climate Performance Index 2007 of Dutch Banks
Annual Report 2013
Aandelen in klimaatverandering / Shares in climate change (in Dutch, with English summary)
Voluntary initiativesASN Bank has committed itself to the following voluntary standards:
ASN Bank and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. ASN Bank adopted the Equator Principles in 2009.
Reporting on the Equator Principles
ASN Bank must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- ASN Bank is not in compliance with its reporting obligations. The link provided does not link to the required information
Implementation and reporting
ASN Bank is reporting on the implementation here.
Contact and complaints
ASN Bank works towards living wage in the garment industry
In 2016 ASN Bank made a commitment to work towards realisation of a living wage among its investee companies, beginning with the garment industry. It has set itself the target: "all garment companies in the ASN Investment Universe to have introduced a living wage by 2030." This concerns the fourteen garment companies included in the ASN Investment Universe on 1 April 2016: Adidas, Amer Sports, ASICS, Asos, Esprit, Gap, Gildan Activewear, H&M, Inditex, KappAhl, Lojas Renner, Marks & Spencer, Nike and Puma. Find out more about their approach on their web page here.
ASN Bank divests holdings in Veolia over Jerusalem Light Rail
Dutch bank ASN divested itself of its holdings in Veolia, the French company that was participating in building Jerusalem's light rail system, on the grounds that the project "is not in line with the United Nation's demand to stop all support for Israel's settlement activities." Read the news story in Haaretz.