ABN AMRO and Ecochain Technologies announced today that they will be working together. ABN AMRO is introducing a new service in which business clients will use Ecochain to get a new understanding of their operations. This information will be worked out in business cases that enable the companies to accelerate their transition to sustainability, while seeing higher financial and social returns.
ABN AMRO wants to play a pioneering role in the transition to a more circular economy. The bank aims to finance at least EUR 1 billion in circular assets by 2020.
Sander van Wijk, ABN AMRO Head of Sector Advisory, comments, “It works both ways: sustainable operations are good for the climate and almost always result in more efficient operations and higher financial returns. Plus the investments made can be financed at attractive rates. This initiative links up perfectly with the active role we want to play for our clients as a sector bank.”
More effective use of resources
Boudewijn Mos, Ecochain Technologies Director of Business Development, adds, “Green businesses use energy and natural resources more effectively, attract more talented people thanks to their image and can often charge higher prices for their sustainable products. As a result, they are generally more successful than their peers. With this partnership, ABN AMRO also makes it possible for clients to obtain financing for the required investments at attractive rates. We are confident that the companies taking part in this pilot will benefit from making their operations more sustainable.”
The new service will be piloted among ten companies in the agricultural and industrial sectors starting in November of this year. After the pilot, the approach will be fine-tuned and offered to a broader group of companies.