ABN AMRO Bank N : publishes climate strategy and joins the Net Zero Banking Alliance

We have set intermediate targets for 2030 for five sectors: oil & gas, power generation, shipping, commercial real estate and mortgages, the largest asset class in our books. Our strategic choice to focus on the Netherlands and Northwest Europe has already significantly reduced our loan portfolio in the carbon-intensive energy, shipping and commodities portfolios. We have developed a roadmap for how we will expand target setting for other sectors. In addition we have set ambitions for the investments we make on behalf of clients. In line with our aim of leading by example, we have a net zero target for our own operations per 2030, taking responsibility for our own footprint. We will regularly update our targets and finetune our plans as regulations, technologies and methodologies progress in the coming years.