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ABN AMRO Bank N.V.

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » Engagement » Process

Process

Process for engagements run internally

LEA 03. Process for identifying and prioritising engagement activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.

03.1. Indicate whether your organisation has a formal process for identifying and prioritising engagement activities carried out by internal staff.

03.2. Describe the criteria used to identify and prioritise engagement activities carried out by internal staff.

03.3. Additional information. [Optional]

The objective of any engagement is an improvement in company behaviour. The criteria for entering into an engagement process is when a company is breaching the Global Compact with a category five breach.


LEA 04. Objectives for engagement activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.

04.1. Indicate if you define specific objectives for your engagement activities.

04.2. Indicate if you monitor the actions that companies take following your engagements.

04.3. Indicate whether your organisation defines milestones and goals for engagement activities carried out by internal staff.

04.4. Indicate if you do any of the following to monitor and evaluate the progress of your engagement activities carried out by internal staff.

04.5. Additional information. [Optional]

Systematic breaches of the UN Global Compact constitute financial, operational and reputational risks for a company and its stakeholders (e.g. shareholders). Companies must therefore avoid to systematicaly breach these principles. However, if they are in breach, they should remedy it and prevent any future breaches. Generally this is the objective for any internal/external engagement.


Process for engagements conducted via collaborations

LEA 05. Process for identifying and prioritising collaborative engagement

New selection options have been added to this indicator. Please review your prefilled responses carefully.

05.1. Indicate whether your organisation has a formal process for identifying and prioritising collaborative engagements

05.2. Describe the criteria used to identify and prioritise collaborative engagements

05.3. Additional information [Optional]


LEA 06. Objectives for engagement activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. Indicate if you define specific objectives for your engagement activities carried out collaboratively.

06.2. Indicate if you monitor the actions companies take following your collaborative engagements.

06.3. Indicate whether your organisation defines milestones and goals related to engagement activities carried out via collaborations.

06.4. Indicate if you do any of the following to monitor and evaluate the progress of your collaborative engagement activities.

06.5. Additional information. [Optional]

Systematic breaches of the UN Global Compact constitute financial, operational and reputational risks for a company and itstakeholders (e.g. shareholders). Companies must therefore avoid to systematicaly breach these principles. However, if they are in breach, they should remedy it and prevent any future breaches. Generally this is the objective for any internal/external engagement.


Process for engagements conducted with/on your behalf by service providers

LEA 07. Role in engagement process

New selection options have been added to this indicator. Please review your prefilled responses carefully.

07.1. Indicate if you play a role in the engagement process that your service provider conducts on your behalf.

07.2. Indicate the role(s) you play in engagements that your service provider conducts on your behalf.

07.3. Additional information. [Optional]

First ABN AMRO determines by means of external data providers (such as Sustainalytics) if an engagement case is feasible. Then ABN AMRO evaluates these companies’ responses to environmental, economic or social crisis situations that may have a negative impact on their business or reputation. Finally, the engagement cases are verified with external data suppliers on company involvement, nature, relevance and impact of the breaches by ABN AMRO. Ultimately ABN AMRO decides whether to start an engagement process.


LEA 08. Monitor / discuss service provider information

08.1. Indicate whether you monitor and/or discuss the following information provided to you by your service provider

Please select all that apply

08.2. Additional information. [Optional]

Following the frequency of monthly decision-making meetings as ABN AMRO we discuss on a quarterly basis with RobecoSAM on the ongoing or to be started engagement processes. We discuss the reason for engagement (a breach of the UNGC), why we find it important to engage and what approach we expect. For ongoing cases we discuss progress as well as how probable it is that the goals of the engagement will be met. Finally, engagement outcomes as well as possible follow-up actions are discussed. As such we keep a close eye on engagement progress and are at all times able to steer the process. 


General processes for all three groups of engagers

LEA 09. Share insights from engagements with internal/external managers (Private)


LEA 10. Tracking number of engagements

10.1. Indicate if you track the number of engagements your organisation participates in.

Type of engagement
Tracking engagements

Individual / Internal staff engagements

Collaborative engagements

Service provider engagements

10.2. Additional information. [OPTIONAL]

On a monthly basis we discuss progress of quality as well as quantity of the engagement cases we have commenced, both internally as well as with our service provider. 


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