ABN AMRO Bank N.V.

RSPO AnnualCommunication ofProgress 2019

Particulars
About Your Organisation
1.1 Name of your organisation
ABN AMRO Bank N.V.
1.2 What is/are the primary activity(ies) or product(s) of your organisation?
Palm Oil Grower
Processor and/or Trader
Consumer Goods Manufacturer
RetailerBank and/or Investor
Social and/or Development NGO
Environmental and/or Conservation NGO
Affiliate

1.3 Membership number
5-0016-14-000-00
1.4 Membership category
Banks and Investors
1.5 Membership sector
Ordinary

Particulars

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ABN AMRO Bank N.V.

RSPO AnnualCommunication ofProgress 2019

Bank & Investors
1. Operational Profile
1.1 Please state your company's main activity(ies) within palm oil-related financing. Please select all applicableoption(s).
Corporate / Commercial Banking
Trade Finance
Private Banking
Investment / Equity
Debt / Capital Market
Other

Other
-

2. Operations in Palm Oil
2.1 What types of financial services does your company provide to the palm oil industry?
Trade Solutions
Lending/Loans
Leasing
Treasury Products
Cash Management Products
Investments
Insurance
Other

Other
2.2 For your company's palm oil-related activities, which geographic region(s) do you operate in?
WorldwideAfrica
EuropeNorth America
South America
Middle East
China
India
Indonesia
Malaysia
Oceania
Rest of Asia

Bank & Investors

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ABN AMRO Bank N.V.

RSPO AnnualCommunication ofProgress 2019

3. Palm Oil Policy and Progress
3.1 Does your company have a lending or investment policy on palm oil?
Yes
3.2 Which supply chain sectors does your palm oil policy cover?
Growers
Traders
Processors
Consumer Goods Manufacturers
Retailers
OthersOthersIn addition to our plam oil policy, RSPO requirements are included in our sustainability sector requirements for Manufacturing
which covers Consumer Goods Manufacturers and Retailers
3.3 Does your policy on palm oil make a specific reference to RSPO-certified sustainable palm oil and oil palm
products, and/or RSPO certification?
Yes
3.4 Does your company have a policy that requires all your palm oil clients to be RSPO members?
Yes
3.5 Does your company require your clients to have a public TimeBound Plan for 100% RSPO certification oruptake?
Yes
3.6 When do you expect to require all your Grower clients to be RSPO certified?
2020
3.7 When do you expect to require your clients in all other sectors to be RSPO certified?
2020.0
3.8 Which regions do the above commitments cover?
WorldwideAfrica
EuropeNorth America
South America
Middle East
China
India
Indonesia
Malaysia
Oceania
Rest of Asia

Bank & Investors

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RSPO AnnualCommunication ofProgress 2019

3.9 What measures do you take if a client is not meeting the requirements of your policy on palm oil?
Our clients have to comply with our Exclusion List and our sustainability risk policies (oa policy for agri commodities/palm oilrequirements and manufacturing for downstream clients). ABN AMRO assesses compliance with our policies at 1) onboarding 2)
new financing and 3) undertakes a (annual) review of the client. In case of non compliance the company is not onboarded in casethere is no willingness and capacity to improve. Otherwise, we will engage with the company to address the issues until they arerectified. This engagement will be time bound (max. 3 years), include an engagement and action plan and include regularmonitoring and reporting system on progress (see our Engagement Guideline in the Sustainability Risk Policy for Lending andProject Finance). In some instances we will require an independent third party opinion to verify compliance with our policies.
Progress of engagement is reported to our CIB Engagement Committee on a quarterly basis. If the engagement is not successful,the bank can decide to terminate the relationship.
3.10 Do you proactively engage with your clients to support and join the RSPO?
Yes
3.11 Did members of your company participate in RSPO working groups and/or taskforces during the reporting
period?
Yes
3.12 Does your company have any collaborations with public or private sector palm oil industry players to supportthem in their efforts to increase the production or consumption of certified sustainable palm oil (CSPO)?
Yes
3.13 What other activities have your company undertaken to promote RSPO-certified sustainable palm oil and oilpalm products during the reporting period?
'- Via the RSPO FITF and together with WWF we provide trainings to & are in dialogue with APAC banks promoting RSPO
membership and certification - We represented the FITF in the Shared Responsibility Task Force - We co-organised a side eventat the RT2019 on sustainable finance in the palm oil sector - We participate in panel discussions (oa UNEP FI Regional
Roundtable Shanghai) and meetings on sustainability to discuss sustainable palm oil practices - We had discussions with variousclients on Impact Banking; a product that focuses on promoting the livelihood of small holders and improving farming practices We are a member of Sustain; a block chain initiative to enhance transparency in the palm oil value chain - We are using socialmedia (oa Linked in) to promote RSPO certified sustainable palm oil and oil palm productsBank & Investors

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RSPO AnnualCommunication ofProgress 2019

4. Actions for Next Reporting Period
4.1 Please outline activities that your company will take in the coming year to promote the production or consumptionof certified sustainable palm oil (CSPO)'- We will take part in the Shared Responsibility Working Group - We will review our sustainability sector requirments esp. formanufacting - We will use sustainable finance to promote the production or consumption of CSPO - We will continue ourengagement with other banks on certified sustainable palm oil - We will continue to create external stakeholder awareness on theRSPO and certified sustainable palm oil via presentations, participation in panels etc.

Bank & Investors

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ABN AMRO Bank N.V.

RSPO AnnualCommunication ofProgress 2019

5. Shared Responsibility
The Board of Governors of the Roundtable on Sustainable Palm Oil (RSPO) approved new Shared Responsibility rules on
31 October 2019, requiring all members to share sustainability requirements and obligations. Reporting of Shared
Responsibility indicators will be done through several channels, including ACOP. As the implementation of Shared
Responsibility reporting is still on-going and in development, the Shared Responsibility section in ACOP is not yet final
and may change in future ACOP cycles. For more information on Shared Responsibility, please go tohttps://rspo.org/news-and-events/news/what-are-the-new-shared-responsibility-rules or email the ACOP team at
acop@rspo.org
Labour & Labour Rights
5.1 Does your company have a publicly-available policy covering Labour & Labour Rights?
Yes
5.1.1 Does the policy cover:No discrimination
Wage and working conditions
Freedom of association
No child labour
No harassment
No forced or trafficked labour

5.1.2 Has your company previously uploaded or linked its Labour & Labour Rights policy in previous ACOP
reporting cycles?
Yes
Ethical Conduct & Human Rights
5.2 Does your company have a publicly-available Policy covering Ethical Conduct & Human Rights?
Yes
5.2.1 Does the policy cover:
Recruitment
Contractors
Sub-Contractors & Third-Party Contractors

5.2.2 Has your company previously uploaded or linked its Ethical Conduct & Human Rights policy in previous ACOP
reporting cycles?
YesLand Use
5.3 Does your company have a publicly-available Policy covering Land Use?
NoBank & Investors

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RSPO AnnualCommunication ofProgress 2019

Occupational Health & Safety
5.4 Does your company have a publicly-available Policy covering Occupational Health & Safety?
Yes
5.4.1 Has your company previously uploaded or linked its Occupational Health & Safety policy in previous ACOP
reporting cycles?
Yes
Climate Change & Greenhouse Gas (GHG)
5.5 Does your company have a publicly-available policy covering Climate Change & Greenhouse Gas (GHG)?
Yes
5.5.1 Does the policy cover:Identification and assessment of GHG
Public reporting of GHG footprint
Monitored implementation plan to reduce or minimise GHG emissions

5.5.2 Has your company previously uploaded or linked its Climate Change & Greenhouse Gas policy or report inprevious ACOP reporting cycles?
Yes
Complaints & Grievances
5.6 Does your company have a Complaints & Grievances Mechanism?
NoSmallholders
5.7 Does your company support oil palm independent smallholder groups?
Yes
5.7.1 Does this support cover:
Fair and transparent dealings with Smallholders
Improved Smallholder livelihoods

5.7.2 How is your company supporting them?
We can support smallholders via our Impact Banking product and other sustainable finance instruments. In addition to the regular
discussions that we have witho our clients on smallholders and their smallholder projects.

Bank & Investors

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ABN AMRO Bank N.V.

RSPO AnnualCommunication ofProgress 2019

6. Challenges
6.1 What significant obstacles or challenges has your company encountered in the promotion of certified sustainablepalm oil (CSPO)? What efforts has your company taken to address these obstacles or challenges?
Awareness of RSPO in the market
Difficulties in the certification process
Certification of smallholdersCompetition with non-RSPO members
High costs in achieving or adhering to certification
Human rights issues
Insufficient demand for RSPO-certified palm oil
Low usage of palm oil
Reputation of palm oil in the market
Reputation of RSPO in the market
Supply issues
Traceability issues
No challenges faced
OthersOthers
6.2 In addition to the actions already reported in this ACOP report, what other ways has your company supported thevision of the RSPO to transform markets to make sustainable palm oil the norm?
Engagement with business partners or consumers on the use of CSPOEngagement with government agencies
Promotion of CSPO outside of RSPO venues such as trade workshops or industry associations
Promotion of physical CSPO
Providing funding or support for CSPO development efforts
Research & Development support
Stakeholder engagement
No actions taken
OthersOthers
6.3 If your company has any other publicly-available reports or information regarding its palm oil-related policies andactivities, please provide the links here
https://www.abnamro.com/en/newsroom/Videos/2019/telling-it-like-it-is-why-we-choose-to-finance-palm-oil-companies.html
https://www.abnamro.com/en/about-abnamro/in-society/sustainability/newsletter/2019/january/pulling-out-of-palm-oil.html

Bank & Investors

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