ASN Bank climate positive by 2030

Greenhouse gas emissions, particularly CO2, are the cause of today’s rapid global warming. This climate change is leading to more extreme weather and growing social problems. Banks contribute to climate change by financing activities that are associated with the emission of greenhouse gases. Examples are power stations, manufacturing, transport, large-scale agriculture and factory farming.

Preventing greenhouse gases

Since 2012, ASN Bank has endeavoured to help limit climate change. Because climate action is becoming increasingly urgent, we set another far-reaching goal in 2018: we want all our loans and investments to be net climate positive by 2030. This means that we will remove more greenhouse gases from the atmosphere than are emitted by all our loans and investments put together. We intend to do this by:

  • putting much less money into activities that emit greenhouse gases,
  • investing even more in sustainable energy and energy conservation, and
  • financing projects that ensure that CO2 is removed from the atmosphere and stored.

Sharing knowledge

We are the first bank in the world that is prepared to go so far. We hope that others will follow our lead. We are therefore happy to share with others the knowledge that we have acquired in this regard. This page gives full details of our approach.

Platform Carbon Accounting Financials (PCAF)

To promote knowledge sharing, we initiated the Platform Carbon Accounting Financials (PCAF). This is an alliance between fourteen Dutch financial institutions. They have developed a methodology to measure the CO2 footprint of their investments and loans. The aim is for them to be able to navigate towards a portfolio with a small CO2 impact in accordance with the Paris Climate Agreement.

Documents

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