Sustainability update December 2017

News item -

At ABN AMRO Clearing we acknowledge the importance of incorporating Corporate Social Responsibility (CSR) into our business. Initially a risk based approach has been applied in order to analyse the possible CSR related risk, either on client or product level. In 2016, we introduced a screening of potential sustainability risks for new clients, fully integrating sustainability into AAC’s client due-diligence and onboarding processes and procedures.

Promoting sustainable capital markets

The results have led to a comprehensive view of any potential sustainability risks in our portfolio. We aim to implement an integrated stakeholder approach in order to create and maintain value beyond financials.
AAC believes that a clearing firm has to play a central role in promoting sustainable capital markets. This can only be achieved through close partnership and collaboration with stakeholders within the value chain. That is why as of September 2017 AAC has engaged with the Sustainable Stock Exchange Initiative and admitted into the Investor Working Group.

What is the Sustainable Stock Exchange Initiative?

In 2009 the Sustainable Stock Exchange initiative (‘SSE’) was launched by the United Nations. The SSI initiative is defined as a peer-to-peer learning platform for exploring how exchanges, in collaboration with investors, regulators, and companies, can enhance corporate transparency – and ultimately performance – on ESG (environmental, social and corporate governance) issues and encourage sustainable investment. The SSE initiative currently has 65 partner exchanges, which represent over 70% of the listed equity markets.

The SSE focuses on;

  • Corporate Transparency
  • ESG performance
  • Gender equality
  • Climate action and 
  • Global Partnerships. 

By being part of the Investor Working Group,  AAC  takes part in the Round table discussions and see how we can contribute in achieving the goals by using our leverage. 

This is the start of an active engagement within the Working group in order to increase transparency in ESG performance of Capital markets as a whole.  

Read more about the Sustainable Stock Exchange

World Benchmarking Alliance

Next to the SSE, ABN AMRO has signed up to become an ally to the World Benchmarking Alliance (WBA). The WBA has defined a need for benchmarks to provide stakeholders with information they can use to inform investment and other economic decisions, increase transparency and facilitate trust between sectors and to help track and compare corporate sustainability performance. 
Benchmarks can also identify strategic gaps and market opportunities, and ultimately catalyze action and accelerate Sustainable Development Goals (SDG) delivery. The WBA would like to provide free and publicly available information on how companies can deliver on societies most urgent needs and expectations. With this information institutional investors, civil society, governments, and individuals can exert their full influence and help companies improve their performance on the UN Sustainable Development Goals. For this to be created and work the strongest possible alliance needs to be formed including financial institutions, civil society organizations, academic institutions, businesses and governments. ABN AMRO is one of the first financial institutions to sign as an ally. We would like to contribute through specific industry knowledge and active participation's in round table discussions. 
Read more about World Benchmarking Alliance  

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