ABN AMRO commits to increasing green investments in its liquidity portfolio to €1bn by the end of 2020 and up to €2.5bn by the end of 2022. This statement underpins ABN AMRO’s strategy to support the transition to sustainability.
Targeted investments are bonds for which the use of proceeds are aligned with the Green Bond Principles and which are in line with EBA’s Delegated Act HQLA [high quality liquid assets] criteria, therefore preserving the high quality and liquidity of the portfolio. By actively investing in the euro-denominated green bond market, ABN AMRO aims to support the growth of this market. The bank says it will report on the amounts of green bonds held in the liquidity portfolio at Q4 and Q2 results.
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