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Created before Nov 2016
Last update: 2016-09-02 12:10:49
Johan Frijns, BankTrack
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NIBC was founded in 1945, originally called the ‘Maatschappij tot Financiering van Nationaal Herstel' by the Dutch government along with a number of commercial banks and institutional investors. It was set up to provide financing for the post-World War II economic recovery of the Netherlands. This entity was renamed De Nationale Investeringsbank (DNIB) in 1971 and was listed on the Dutch stock exchange, now Euronext Amsterdam, from 1986 to 1999.
In 1999, two of Europe's largest pension funds, ABP and PGGM, made a public offer for the shares of DNIB through a new joint venture, named NIB Capital N.V. (NIB Capital). They acquired a 85 percent stake, leaving the Dutch government with a minority interest of 15 percent. NIB Capital acquired these remaining shares from the Dutch state in May 2004.
At the end of 2015 NIBC controlled assets worth EUR9.914 billion.
2517 KJ The Hague
Paulus de Wilt |
|Annual report||Annual report 2015|
In December 2005, a consortium of international financial institutions and investors purchased all the outstanding equity interests of NIB Capital. In connection with this acquisition, NIBC Holding N.V. was formed and NIB Capital became its wholly-owned subsidiary. The name changed from NIB Capital to NIBC.
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Voluntary initiativesNIBC has committed itself to the following voluntary standards:
- Basel Convention
- Climate Statement Dutch Banking Association (NVB)
- Code Banken (Dutch Banking Code)
- Convention on International Trade in Endangered Species of Wild Fauna and Flora
- Equator Principles
- Montreal Protocol on Ozone Depleting Substances
- Principles for Responsible Investment
- Ramsar Convention
- Rotterdam Convention
- Stockholm Convention on Persistent Organic Pollutants
- UNEP Finance Initiative
- UNESCO World Heritage Convention
- United Nations Global Compact
The full sustainability framework and policies of NIBC can be found here.
NIBC 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. NIBC adopted the Equator Principles in 2010.
Reporting on the Equator Principles
NIBC reports annually on their implementation of the Equator Principles. The 2015 report can be found here.
NIBC further reports on its portfolio of projects financed under the Equator Principles on the Equator Principles website, here.
Implementation and reporting
NIBC is reporting on the implementation here.