As Van Lanschot Kempen we are committed to helping limit climate change to 1.5˚C. Therefore, we have defined objectives for the short, medium, and long term to reduce the CO₂ intensity of our own operations, our mortgage portfolio, and our assets under management. These objectives are in accordance with, amongst others, the objectives of the Paris Climate Agreement, the Climate Commitment of the Dutch financial sector (‘Klimaatakkoord’), and the Net Zero Asset Managers initiative. We report on our progress in relation to these targets in our Annual Report. More information on our targets can be found in our Climate strategy & action plan.

We have also carefully considered whether committing to the Science Based Targets Initiative (SBTi) would be an addition to the above objectives. The outcome of this consideration is not to do so. The initiative itself is still in development, and we cannot currently foresee to what extent this initiative aligns with our goal of encouraging companies in which we invest to align their strategies with transition pathways derived from the aim to limit climate change to 1.5˚C.

Not committing to the SBTi implies no change to our commitment to help limiting climate change to 1.5˚C. In addition, we will continue to connect to standards and initiatives that help mitigate climate change / help us meet our objectives.