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ABN AMRO Bank N.V.

PRI reporting framework 2019

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Engagement

LEA 02. Reasoning for interaction on ESG issues

Indicate the method of engagement, giving reasons for the interaction.

Type of engagement

Reason for interaction

Individual / Internal staff engagements
Collaborative engagements
Service provider engagements

02.2. Indicate whether your organisation plays a role in the engagement process that your service provider conducts.

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

02.4. Additional information. [Optional]

ABN AMRO aims to use its scale to influence companies that severly breach the UN Global Compact Principles so that they make changes in their policies and operations for the better of society. ABN AMRO may decide to engage on its own accord or in collaboration with its engagement partner RobecoSAM. 


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 engagements.

Indicate the criteria used to identify and prioritise engagements for each type of engagement.
Type of engagement
Criteria used to identify/prioritise engagements
Individual / Internal engagements

Internal / Individual engagements

Collaborative engagements

Collaborative engagements

specify

          UN Global Compact Breach
        
Service Provider engagements

Service Provider engagements

specify

          UN Global Compact Breach
        

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.
Indicate whether you define specific objectives for your organisation’s engagement activities.
Individual / Internal engagements
Collaborative engagements
Service provider engagements

04.2. 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.


LEA 05. Process for identifying and prioritising collaborative engagement

Indicate if you monitor and/or review engagement outcomes.
Individual / Internal engagements
Collaborative engagements
Service provider engagements
Indicate if you do any of the following to monitor and review the progress of engagement activities.
Individual / Internal staff engagements
Collaborative engagements
Service provider engagements

05.3. Additional information [Optional]


LEA 06. Role in engagement process

06.1. Indicate whether your organisation has an escalation strategy when engagements are unsuccessful.

06.2. Indicate the escalation strategies used at your organisation following unsuccessful engagements.

06.3. 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 and to end (resulting in a possible exclusion) an engagement process.


LEA 07. Share insights from engagements with internal/external managers

07.1. Indicate whether insights gained from your organisation's engagements are shared with investment decision-makers.

Type of engagement

Insights shared

Individual / Internal staff engagements

Collaborative engagements

Service provider engagements

07.2. Indicate the practices used to ensure information and insights collected through engagements are shared with investment decision-makers.

07.3. Indicate whether insights gained from your organisation’s engagements are shared with your clients/beneficiaries.

Type of engagement

Insights shared

Individual/Internal staff engagements

Collaborative engagements

Service provider engagements

07.4. Additional information. [Optional]


LEA 08. Tracking number of engagements

08.1. Indicate if you track the number of your engagement activities.

Type of engagement
Tracking engagements

Individual / Internal staff engagements

Collaborative engagements

Service provider engagements

08.2. 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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