S&P Global announces sustainability assessment score for ABN AMRO
Having scored 74 out of a possible 100 points, ABN AMRO is within 15 percent of the highest sector score in S&P Global’s latest Corporate Sustainability Assessment.* S&P Global announced the results on 9 December. The score means ABN AMRO will not be included in the S&P Global Dow Jones Sustainability Index (DJSI World & Europe). For the bank, the DJSI is the most important indicator of its sustainability performance.
The assessment also helps us to highlight where ABN AMRO can further improve its performance, and to plot a course to achieve its goals. Boasting high scores in areas like Human Rights and Operational Eco-efficiency, the bank still sees scope to improve its results in the Decarbonisation Strategy and Occupational Health & Safety categories, for instance. There was a 13-point difference between ABN AMRO and the sector leader. The bank scored 76 points in 2021.
Corporate sustainability assessment
Each year, S&P Global assesses thousands of international companies on their economic, social and environmental policies. Governance factors are also taken into account. S&P Global then uses these scores to determine whether to include them in the DJSI and the Sustainability Yearbook, scheduled for publication in February 2023.
An important indicator
The DJSI ranking gives investors and other stakeholders a key tool for insight into ABN AMRO’s sustainability efforts. But it’s also an important indicator for the bank itself. ABN AMRO aims to secure a score within 5 percent of the highest score in its sector.
* ABN AMRO’s relative position in the sector will be determined in February 2023, since companies not eligible for inclusion in the DJSI are still being assessed.