- Barriers and Incentives
- Climate Risks
- Sustainability Education and Communication
- SDG Impact Measurement
- Circular Economy
- Platform Carbon AccountingFinancials
More information on the working groups:
1 Barriers and Incentives
- Sponsor: Frank Elderson, De Nederlandsche Bank
- Chair: Tom van Veen, De Nederlandsche Bank
The Barriers and Incentives working group aims (1) to create an overview of the obstacles to implementing financial sustainability policies that financial institutions encounter in supervision or financial regulations, and (2) to identify potential incentives in rules and regulations that may help to overcome these obstacles.
In addition to DNB, this working group comprises the following partners: ING, NIBC, MN, PGGM, TKP Investments, Delta Lloyd, MinFin and the AFM.
The working group will ask a range of civil society organisations to provide input and feedback, from local NGOs to international organisations.
2 Climate Risks
- Sponsor: René van de Kieft, MN
- Chair: Willemijn Verdegaal, MN
The Climate Risk working groups focuses on measuring and managing climate-related financial risks, taking the recommendations of the FSB Taskforce on Climate Related Disclosures into account. The working group aims to do so by:
- Identifying and/or developing tools for measuring and managing climate-related financial risks.
- Assessing current approaches and TCFD approaches and analyzing potential gaps.
3 Sustainability Education and Communication
- Sponsor: Erik van Houwelingen, ABP
- Chair: Claudia Kruse, APG
The Sustainability Education and Communication working group focuses on matching demand and supply between financial institutions on the one hand and education programmes and initiatives in the area of integration and communication of sustainable investment on the other. The Education initiative seeks to develop a sustainability training programme for senior managers and directors. The Communication initiative aims to share best practices and to perform a baseline assessment on communication about sustainable investment towards customers and members of financial institutions.
4 SDG Impact Measurement
- Sponsor: Eloy Lindeijer, PGGM
- Chair: Piet Klop, PGGM
The aim of the SDG Impact Measurement working group is to develop a methodology to measure the positive impact on the United Nations' Sustainable Development Goals (SDGs) investors, banks, insurance companies have through their investments. Such a methodology must be transparent, credible and feasible, using a limited number of positive impact indicators and metrics that allow (1) comparison and addition of impact, (2) harmonisation of requests for data distributed to companies and (3) consolidation of communications towards stakeholders. The ultimate objective is to scale up sources of investment/funding that deliver a measurable contribution to the SDGs (from millions to billions).
In addition to PGGM, this working group comprises the following partners: ABN-AMRO, Achmea, ACTIAM, ASR Nederland, APG, DNB, FMO, ING, Royal Philips NV, Kempen, Van Lanschot, MN, NN Group, Rabobank, Robeco, TKP Investments, Triodos, Unilever and Unilever Pensioenfonds.
September 2017 the Working Group produced a brochure with the proposed impact indicators per SDG for presentation at the annual conference of the Principles for Responsible Investment (PRI) in Berlin, and a guide that can be found under 'downloads'. In order to propagate our work we have since presented our selection of positive impact indicators at the launch of the UNEP-FI Principles for Positive Impact, and networks of institutional investors in Sweden and Canada. We have discussed the mainstreaming of proposed indicators by the SDG Advisory Committee of the PRI, and the Global Reporting Initiative. More opportunities for international uptake will be explored in consultations with various expert organizations in the next couple of months.
First experiences with the indicators will be discussed at the next working group meeting at the end of March. Please contact email@example.com for comments, suggestions and details.
5 Circular Economy
- Sponsor: Joop Wijn, ABN Amro
- Chair: Richard Kooloos, ABN Amro
The financial sector, in its capacity as a facilitator, can help to accelerate the transition from a linear to a circular economy. This requires a broad understanding throughout the sector of the economic model and its impact on chains, the business sector and consumers. The insights and experiences gained can help to provide an overview of the consequences for the financial sector. This should lead to a clear agenda of ambitions for the financial sector and deliver an active contribution to a circular economy with financially robust businesses and consumers. The working group seeks to forge links with the business sector, government and social organisations.
In addition to ABN Amro, this working group comprises the following partners: ING, PGGM, Circle Economy and CSR Netherlands.
6 Platform Carbon Accounting Financials
- Sponsor: Ewoud Goudswaard, ASN Bank
- Chair: Piet Sprengers, ASN Bank
This working group, the Platform Carbon Accounting Financials (PCAF), consists of eleven Dutch financial institutions that work together to help keep global warming at safe levels. They do so by jointly developing open source methodologies to measure the carbon footprint of their investments and loans. Exactly how each member applies the methodologies developed depends on their focus and goals. For some this data will be instrumental in setting and reporting on targets; for others it represents an important part of a wider mix of ways to assess the impact - both positive and negative - of financial decisions. However all share the conviction that measuring the carbon footprint of their finance is important in developing strategies to support the transition to a low carbon economy. By measuring and disclosing this information they expect to develop more effective strategies that help create a low carbon society, hoping that other institutions will follow suit.
PCAF also launched a Dutch Carbon Pledge calling on the negotiators at the Paris Climate Summit in 2015 to take on board the role that investors and financial institutions can play in delivering an essential shift to a low carbon economy.
Apart from ASN, the working group consists of the following members: ABN Amro, Achmea, Actiam, APG, FMO, MN Services, PGGM, SNS Bank, Stichting Pensioenfonds Metaal en Techniek (PMT), Stichting Pensioenfonds van de Metalektro (PME), and Triodos Bank.