In-depth sector knowledge, including expertise in supporting clients to enhance their sustainability efforts, and a wide network of companies. Our sector experts provide valuable insights and guidance to help you seize opportunities.
For the New Energies sector team, the development of sustainable energy sources is crucial to making the energy mix more sustainable and achieving the goals of the Paris Climate Agreement. We therefore see it as our responsibility to utilise our expertise across all components of the energy mix.
A proactive, dedicated team that provides a single point of contact for clients. Our colleagues have extensive experience in the New Energies sector and are well-acquainted with the key opportunities and challenges you face on a daily basis.
The Basic Materials sector team focuses on clients active in the commodities market (chemicals, metals & minerals, construction materials) who aim to further enhance the sustainability of the economy.
The Utilities sector team is dedicated to a wide range of activities, including production, regulated utilities, energy trading, energy contracts, and supportive services and activities.
The Renewable Energy team provides services to clients in wind and solar energy markets, electric vehicles, data infrastructure, BESS and nuclear.
The Energy Services sector is crucial for successfully achieving energy transition goals. We therefore collaborate with clients offering a broad range of energy services, such as offshore services, solutions for transitioning to renewable energy, and emerging energy technologies.
The Alternative Fuels team focuses on the rapid developments within clean fuels. We concentrate on clients active in the fields of first-generation biofuels, waste biomass, and synthetic fuels.
Hydrogen offers a versatile solution to reduce emissions across manufacturing, chemicals, shipping, aviation, and heavy road transport. We support pure play clean hydrogen clients as well as those in facilitating sectors like pipeline infrastructure, and downstream consumers of hydrogen and its derivatives.
In December 2022, ABN AMRO published its inclusive climate plan and joined the Net Zero Banking Alliance.
We have set interim targets for 2030 for five sectors: oil and gas, power generation, shipping, commercial real estate, and mortgages, the largest asset class in our books.
Our ambition is to be a leading bank in the energy transition and to engage with our clients about their decarbonisation strategies.
We have committed to an absolute exposure reduction of 22% by 2030 compared to 2021, which is in line with the reduction in oil and gas supply expected by the IEA on a net-zero pathway in a 1.5-degree scenario.
A significant portion of this reduction has already been achieved since 2021 through a further reorientation of our strategy to serve European clients.
Our upstream oil and gas clients are primarily located in the North Sea, and we consider these companies crucial to ensuring that the European energy system remains secure, reliable, and affordable. We will continue to collaborate with these clients and support them in achieving their own decarbonisation targets (Scope 1 and 2).
We will align with the IEA NZE 2050 (1.5-degree) global emission intensity curve for electricity generation, which means that by 2030, we have set a target for the emission intensity of our portfolio at 188 kg CO2/MWh.
In our base year 2021, the emission intensity of our portfolio was 18 kg CO2/MWh, which is well within our interim target for 2030. This provides us with the opportunity to grow and support our clients in their decarbonisation strategies.
We anticipate that by supporting the Energy Transition, our emission intensity for electricity generation may temporarily increase. We are prepared to accommodate this as long as it contributes to the long-term decarbonisation of the economy.
Arthur van Dijk, Head of New Energies, Corporate & Institutional Clients, is here to help you.
Arthur van Dijk, Head of New Energies, Corporate & Institutional Clients, is here to help you.
