ABN AMRO is committed to attaining a Paris-proof economy by 2030. Paris-proof means that climate-critical sectors need to lower the amount of greenhouse gas emissions and banks should align their financial exposure to climate-critical sectors in line with the goals of the Paris Agreement.
In this ground breaking report, ABN AMRO has conducted an exhaustive review of its climate risk exposure, identified concrete and validated reduction targets to manage financial allocations in its loan and investment portfolios, and laid out a defined pathway to the transition of its business. This report is a must read for professionals involved in energy and finance and can be used as an instruction manual those wishing to follow ABN AMRO’s example.
Further background information on this project can be found here- https://www.abnamro.com/en/about-abnamro/in-society/sustainability/newsletter/2020/april/abn-amro-measures-whether-its-energy-portfolio-is-paris-proof.html
The report can also be downloaded from ABN AMRO directly using this link - https://www.abnamro.com/nl/images/Documents/040_Duurzaamheid/080_Reporting/2020/ABN_AMRO_Guiding_Energy_Portfolio_to_Paris_2020.pdf