ABN AMRO BANK N.V. Creating impact together
ABN AMRO Bank N.V.
Impact Report 2022
ABN AMRO Impact Report 2022
About this report
Welcome to ABN AMRO Bank N.V.'s 2022 Impact Report. This is our fifth annual Impact Report, containing our Integrated Profit & Loss (IP&L) statement.
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About this report | ||
Other ABN AMRO reports | Welcome to our 2022 Impact Report | |
Results of our 2022 assessment | ||
Analysing our impact |
ABN AMRO Bank N.V.
Integrated
Annual Report 2022
Integrated Annual
This report is based on our 2022 assessment, which examines the impact of ABN AMRO's business, strategy and activities on the bank's four main stakeholder groups: clients, employees, investors and society.
The Report is structured around four sections:
- Results of our 2022 assessment
- Analysing our impact
- Our Impact Statements
- Methodology and approach
This year, in the Analysing impact section, we have included feature items to illustrate ABN AMRO's impact in three areas:
- Mortgages and the housing market
- Biodiversity
- Impact by sector - a deeper look at the impact arising in the sectors we finance
Please note that this Report should be read in conjunction with other ABN AMRO publications, including the bank's 2022 Integrated Annual Report. There is also a separate Note on Methodology, which provides more detail on the methodology used to compile this Report. All ABN AMRO publications are available online at abnamro.com.
Putting people centre stage
ABN AMRO Bank N.V.
Human Rights
Report 2022
ABN AMRO Bank N.V.
Impact Assessment 2022:
Note on methodology
ABN AMRO Bank N.V.
Pillar 3
Report 2022
ABN AMRO Bank N.V.
Abbreviations and definitions of important terms 2022
Report 2022
Human Rights
Report 2022
Impact Assessment 2022: Note on methodology
Pillar 3
Report 2022
Abbreviations and definitions of important terms 2022
Our impact statements
Methodology and approach
ABN AMRO Impact Report 2022
Contents
About this report | 2 | Our impact statements | ||
Welcome to our 2022 Impact Report | 4 | Integrated Profit & Loss statement | ||
Stakeholder value creation statement | ||||
Investor value creation statement | ||||
Results of our 2022 assessment | 5 | External costs statement | ||
Our 2022 assessment | 6 | ABN AMRO's contribution to UN Sustainable Development Goals | ||
Our 2022 impact dashboard | 7 | |||
Our 2022 impact takeaways | 8 | |||
External costs within our value chain | 9 | Methodology and approach | ||
Our contribution to the UN Sustainable Development Goals | 11 | How we measure impact | ||
How we measure biodiversity | ||||
Our approach to impact reporting | ||||
Analysing our impact | 12 | Description of material impacts | ||
1 Mortgages and the housing market | 13 | |||
2 | Biodiversity | 14 | ||
3 | Impact by sector | 16 |
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About this report
Welcome to our 2022 Impact Report
Results of our 2022 assessment
Analysing our impact
Our impact statements
Methodology and approach
ABN AMRO Impact Report 2022 | 4 |
Welcome to our 2022 Impact Report
"Our strategic and investment choices are a risk/return trade-off where impact plays a role of growing importance"
About this report
Welcome to our 2022 Impact Report
Results of our 2022 assessment
Analysing our impact
Our impact statements
Methodology and approach
Our purpose 'Banking for better, for generations to come' clearly reflects what we intend to achieve and how we contribute to society. It's not only about our strategy and the activities we perform for our clients, it's also about the role we play in society and how we add value for all our stakeholders. Both society and our clients are in a period of transition towards a more just and sustainable economy and we have a role to play in actively supporting our clients in this.
To play our role in the best possible way, we must understand the consequences of our business activities: what is their impact and how do we create value for our stakeholders? As a bank, we contribute to many different forms of value creation, be it financial, social, environmental or others. We strive to be transparent about impact, whether positive or negative. Many of the negative impacts are related to the costs to society that are not included in the price companies charge for their products.
The revised Dutch Corporate Governance Code states that management boards are responsible for the continuity of their company and for sustainable long-term value creation by the company. This means we need insight into the value we create and the impact we make. We take a three-step approach to this. First, we identify areas where ABN AMRO can create value. We then define our strategy to ensure value creation. A good example is our Climate Strategy that was published in 2022. Finally, we measure value creation, impact and progress towards delivering on our strategy.
The 2022 Impact Report builds on a solid and accepted methodology, which will help ABN AMRO to meet changing compliance standards and new regulations. As a financial institution, our impact stems largely from our lending and investment services. In this report, we provide insight into what these impacts are and who they affect, both positively and negatively. Our strategic and investment choices are a trade-off where impact plays a role of growing importance, alongside risk & return. The impact of our business activities is greatest in the value chains of our clients. This year we
We strive to be transparent about impact, whether positive or negative
took steps to better understand the impact arising from the sectors within our portfolios. In 2023, we aim to take this work further, working with sector experts and clients to produce actionable data and insights on the impact arising in key portfolio sectors and steer towards sustainable change.
We are working hard to enhance the positive impacts and reduce the negative impacts. We are convinced we have a vital role to play in the transition of society towards a sustainable one which serves the generations to come.
Robert Swaak
CEO of ABN AMRO
ABN AMRO Impact Report 2022 | 5 |
Results of our 2022 assessment
Our 2022 assessment
Our 2022 impact dashboard
Our 2022 impact takeaways
External costs within our value chain
Our contribution to the
UN Sustainable Development Goals
Analysing our impact
Our impact statements
Methodology and approach
Results of our 2022 assessment
This section sets out the results from our 2022 impact assessment, showing how we create value for different stakeholder groups.
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Disclaimer
ABN Amro Bank NV published this content on 08 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2023 06:46:06 UTC.
