Some banks score on sustainability, others drag their feet

Thursday 26 January 2012

While all of the Netherlands' 11 banks have improved their sustainability over the past three years, some such as state-owned ABN Amro are dragging their feet, according to the Fair Bank Guide - a new monitoring group set up by development aid and green organisations.

The organisation bases its rankings on a bank's investment policy and the efforts it makes to offset climate change.

The monitor says Friesland Bank, NIBC, Van Lanschot and ING have all made significant advances but that ABN Amro, Aegon and Delta Lloyd have made little progress.

In addition, it remains disappointing that customers still do not know where banks invest their money, the organisation said.

Eerlijke Bankwijzer was set up by Oxfam Novib, Amnesty International, Mileudefensie, the FNV trade union and animal protection group Dierenbescherming.

© DutchNews.nl

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