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Report with ABN AMRO: Guiding a bank’s energy portfolio to Paris

Report PACTA Financial institutions

As part of its broader work with the banking sector, 2DII partnered with the leading Dutch bank ABN AMRO to apply the PACTA scenario analysis methodology to its loan and investment portfolio.

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The goal of this collaboration was two-fold:

  1. Measuring the exposure of ABN AMRO’s corporate loan book to different high and low carbon technologies across several climate relevant sectors
  2. Assessing the alignment of the production plans of ABN AMRO’s clients with a scenario in line with the Paris Agreement

One of the main conclusions from the analysis was that ABN AMRO is well on track, but not fully aligned yet with the Paris Agreement. On the one hand, ABN AMRO is well underway with its energy clients: already 60% of the loans in its energy portfolio is allocated to renewable (solar and wind) power generation capacity. On the other hand, this is not yet enough for ABN AMRO and its clients to be aligned in the future with the Paris Agreement. The future expansion of cleaner production capacity among clients is the issue that matters most, not where ABN AMRO is today. Continued investment in ever cleaner technologies and active engagement with energy clients are required towards 2030.

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2DII today announced it is transferring stewardship of the Paris Agreement Capital Transition Assessment (PACTA) to RMI, formerly Rocky Mountain Institute. PACTA measures financial portfolios' alignment with various climate scenarios, including those consistent with the Paris Agreement. Under RMI’s stewardship, PACTA will remain a free, independent, open-source methodology and tool, and will continue to provide the financial and supervisory community with forward-looking, science-based scenario analysis to help users make climate-aligned financing decisions. RMI will invest in scaling up PACTA’s usability and applicability in day-to-day investment decisions as well as reporting requirements.

Access the full press release here: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.