ABN AMRO participates in De Partnership Verkiezing with case to increase biodiversity

All around the world, biodiversity has been dwindling due to habitat loss, pollution, and intensive farming methods – and the Netherlands is no exception. The agricultural sector has been getting a large portion of the public blame for the damage caused to nature. But transitioning from nature-depleting to nature-inclusive farming poses significant challenges even to those eager to change. Farmers are often plagued by financial uncertainties and there is very little room for mistakes while learning new ways to farm.

Offering insurance and mitigating risks

As a first step in the right direction, ABN AMRO's ABetterNature team proposes a parametric insurance model to safeguard crops during the transition to regenerative farming practices. The team is offering farmers insurance that insures their crop against the diseases which traditionally would have been eliminated by using nature-damaging pesticides. By mitigating the financial risks and distributing the risk across multiple stakeholders, they empower farmers to change their current farming models and embrace sustainable agriculture. For the pilot version, the team is collaborating with an external insurance company with a specific focus on farmers, a broccoli farmer and a satellite monitoring firm that will help to ensure the right parameters are tracked.

Support the change

Backed by a diverse group of ABN AMRO employees and in line with ABN AMRO’s purpose ‘Banking for better, for generations to come’, the ABetterNature team is driving change and integrating sustainability in banking products to preserve nature and ecosystems. With this case, the team can help transform agriculture and support farmers in their transition towards regenerative farming. You can vote on their case until 18 April. Scan the QR code to cast your vote at the bottom of the page.