The Dutch Ministry of Economic Affairs has developed its own instrument to measure the transparency of CSR reporting: the annual Transparency Benchmark (TBM). In 2017, our 2016 CSR Report earned us 9th place in a league table of 250 entrants.
Dutch research company Sustainalytics reviews companies across the world on their sustainability, typically for clients such as institutional investors, banks and asset managers. We are on the first place in our peer group of medium-sized banks, our score is currently being updated.
In 2017 the Belgian organisation Forum Ethibel carried out its fifth assessment of the extent to which Van Lanschot Kempen has increased the proportion of responsible loans and investments within its entrusted financial resources (savings and deposits). An audit over 2016 revealed that 93% of all assets on the balance sheet were screened on sustainability. The non-screened assets (7%) are difficult to screen, since they include tax assets, goodwill and buildings. In addition to this audit, Forum Ethibel also examined the implementation of our responsible investment policy. We received sustainability certificates for both audits.
Fair Bank Guide
The Dutch Fair Bank and Insurance Guide (Eerlijke Bank- en Verzekeringswijzer) is an initiative on the part of six NGOs to benchmark the ESG policies of the largest banks in the Netherlands. Van Lanschot Kempen scores average in this benchmark. The reason why some of the sub-scores (slightly) decreased in the December 2016 update is directly related to the changing sustainability requirements from the Dutch Fair Bank and Insurance Guide. In 2017, there was no overall policy update, only a case study (‘Transparency’).
We support the intention of the Dutch Fair Bank and Insurance Guide but we question the chosen method. In line with this reasoning the Dutch Banking Association (NVB) came with a press release. To date, the guide has brushed aside much of our criticism. (Our response to Fair Bank update dates from September 2015; available in Dutch only).
Carbon Disclosure Project
The Carbon Disclosure Project (CDP) is a not-for-profit organisation that collects, harmonises and publishes environmental data. Van Lanschot Kempen affiliated to the CDP in 2014 and also supplies it with environmental data. CDP assessed our organisation with the highest score, an A rating (on a scale from A to D-).