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We have done a great deal of work in environmental management, have set a long-term carbon reduction target and offset a proportion of our emissions. Meanwhile, we also factor in sustainability when selecting our suppliers.
Van Lanschot Kempen’s environmental management isn’t just geared towards improving processes and systems, but also seeks to change the awareness and behaviour of individual employees. In the past few years, much has been achieved on both points. To ensure that we continue to focus on what matters most, in 2018 we quantified a comprehensive carbon footprint in keeping with the Greenhouse Gas Protocol.
Our carbon footprint shows up areas of significant emissions and helps us to identify carbon reduction measures. Van Lanschot in the Netherlands, Belgium and Switzerland accounted for 66% of total emissions in 2018 (2017: 69%), with Kempen making up the remainder. At Van Lanschot, the biggest causes of carbon emissions were lease cars, heating, paper and business air travel. At Kempen, business air travel was the main culprit, followed at some distance by lease cars and heating.
We aim to cut our carbon emissions per FTE by an average 2,5% a year in the 2015-2025 period.
We made a clear contribution towards a carbon neutral economy in the 2011-18 period, 2018 itself was a year with a decrease in our absolute carbon emissions to 4,679 tonnes (2017: 5,265 tonnes). Further details on the carbon footprint measures adopted can be found in the document below.
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The FSB has established the Task Force on Climate-related Financial Disclosures (TCFD), which aims to develop climate-related disclosures that can promote more informed investment, lending and insurance underwriting decisions; and enable stakeholders to better understand the concentrations of carbon-related assets in the financial sector.
In 2017, TCFD published a report giving its recommendations and advised all organisations with public debt or equity to implement these. We analysed these TCFD recommendations and found that we met most of them. Recommendations not yet implemented were taken up. In the accompanying document an overview of how we have implemented all TCFD recommendations can be found.
We have been assessing the sustainability of our suppliers since 2009, with a key role played by the group-wide Purchasing, Contract Management & Facilities Service Centre. The purchasing processes are subject to specific CSR monitoring.
We incorporated our responsible purchasing policy within a broader framework in 2015 – the business partner due diligence (BPDD) policy, which applies to all our divisions.
We work with a variety of business partners, comprising individuals and companies with a commercial relationship with the bank in areas such as purchasing. The BPDD policy ensures that we only work with business partners who meet our integrity and CSR standards. It is used to analyse and manage risks prior to and during collaboration. A supplier’s statement enables us to identify the stability, country, industry, integrity, reputation and other risks associated with a business partner. Annual purchasing training – aimed especially at employees who are regularly involved in procurement – is also geared to this. We do not enter into relationships with business partners that fail to satisfy the BPDD policy.
We signed the Sustainability Manifesto in 2015, together with 40 other companies. The manifesto is intended to encourage responsible purchasing and to inspire other companies and their suppliers.