ABN AMRO Bank N.V.

RSPO AnnualCommunication ofProgress 2020

Particulars
About Your Organisation
1.1 Member NameABN AMRO Bank N.V.
1.2 Membership number
5-0016-14-000-00
1.3 Membership sector
Banks and Investors
1.4 Membership category
Ordinary
1.5 Country
Netherlands
2.0 Does your company or organisation produce, process, consume or sell any palm oilor any products containing derivatives of palm oil?
No
2.2 Please select all the sectors that best describe the business activities of yourcompany or organisation, including your primary RSPO membership sector. You may
select multiple sectors and will be required to complete the ACOP form for the relevant
sectors
I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products
I support the sustainable development of the palm oil industry as a conservation and environmental NGO
I support the sustainable development of the palm oil industry as a social and human development NGO
I am an Affiliate member of the RSPO, indirectly involved in the palm oil industry

Particulars

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ABN AMRO Bank N.V.

RSPO AnnualCommunication ofProgress 2020

Bank & Investors
1. Operational Profile
1.1 Please state your company's main activity(ies) within palm oil-related financing.
Please select all applicable option(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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RSPO AnnualCommunication ofProgress 2020

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
OthersOthersn addition to our palm oil policy, RSPO
requirements are included in oursustainability sector requirements forManufacturing which applies to Consumer Goods Manufacturers and Retailers
3.3 Does your policy on palm oil make a specific reference to RSPO-certified sustainablepalm 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 RSPOmembers?
Yes
3.5 Does your company require your clients to have a public TimeBound Plan for 100%
RSPO certification or uptake?
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?
2020.0Bank & Investors

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RSPO AnnualCommunication ofProgress 2020

3.8 Which regions do the above commitments cover?
WorldwideAfrica
EuropeNorth America
South America
Middle East
China
India
Indonesia
Malaysia
Oceania
Rest of Asia

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 (ia.
producers, processors and traders are assessed against our sustainability sector requirements foragri commodities/palm oil and downstream clients are assessed against our sustainability sector
requirements for manufacturing).
ABN AMRO assesses compliance with our policies at 1) onboarding 2) new financing
3) annual review, and 4) in case of severe events. In case of non compliance thecompany is not onboarded if there is no willingness and capacity to improve.
Otherwise, we will engage with the company to address the issues until they areaddressed.
This engagement will be time bound (max. 3 years), include an engagement and action
plan and include regular monitoring and reporting system on progress (see ourEngagement Guideline in the Sustainability Risk Policy for Lending and Project Finance)
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 support them 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 oil palm products during the reporting period?
- We represented the FITF in the Shared Responsibility Working Group until October 2020
- We participated in the Human Rights Working Group until October 2020
- We participated in panel discussions and meetings on sustainability to discuss sustainablepalm oil practices- We were a member of Sustain; a block chain initiative to enhance transparency in thepalm oil value chain

Bank & Investors

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ABN AMRO Bank N.V.

RSPO AnnualCommunication ofProgress 20204. Actions for Next Reporting Period
4.1 Please outline activities that your company will take in the coming year to promote
the production or consumption of certified sustainable palm oil (CSPO)- ABN AMRO announced in August 2020 that it will wind down its Corporate & Institutional Banking
activities outside of Europe and the entire Trade & Commodity Finance desk by 2024. With thisstrategic decision, our priorities for the coming year will change and we will shift our focus fromupstream players to downstream players active in North Western Europe.
- We will encourage our downstream clients to include the consumption of CSPO in sustainablefinance instruments.
- We will continue our engagement with other banks on certified sustainable palm oil.
- We will continue to create external stakeholder awareness on the RSPO and certified
sustainable palm oil via presentations, participation in panels etc.

Bank & Investors

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RSPO AnnualCommunication ofProgress 2020

Shared Responsibility
The Board of Governors of the Roundtable on Sustainable Palm Oil 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 Respobsibility
section in ACOP is not yet final and may change in future ACOP cycles. For more
information on Shared Responsibility, please go to https://rspo.org/news-andevents/news/what-are-the-new-shared-responsibility-rules or email the ACOP team at
acop@rspo.org
Labour & Labour Rights
1.1 Does your company have a publicly-available policy covering Labour & Labour Rights?
Yes
1.1.1 Does the policy cover:No discrimination
Wage and working conditions
Freedom of association
No child labour
No harassment
No forced or trafficked labour

Ethical Conduct & Human Rights
1.2 Does your company have a publicly-available Policy covering Ethical Conduct &Human Rights?
Yes
1.2.1 Does the policy cover:
Recruitment
Contractors
Sub-Contractors & Third-Party Contractors

Land Use
1.3 Does your company have a publicly-available Policy covering Land Use?
NoOccupational Health & Safety
1.4 Does your company have a publicly-available Policy covering Occupational Health &Safety?
Yes

Shared Responsibility

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RSPO AnnualCommunication ofProgress 2020

Climate Change & Greenhouse Gas (GHG)
1.5 Does your company have a publicly-available policy covering Climate Change &Greenhouse Gas (GHG)?
Yes
1.5.1 Does the policy cover:Identification and assessment of GHG
Monitored implementation plan to reduce or minimise GHG emissions

Complaints & Grievances
1.6 Does your company have a Complaints & Grievances Mechanism?
Yes
1.6.1 Is your Complaints & Grievance mechanism in line with the principles of the RSPO's
grievance mechanism, which are the elements of fairness, transparency, and impartiality?
NoSmallholders
1.7 Does your company support oil palm independent smallholder groups?
Yes
1.7.1 Does this support cover:
Fair and transparent dealings with Smallholders
Improved Smallholder livelihoods

1.7.2 How is your company supporting them?
We are able to support smallholders via our sustainable finance instruments. Besides, we haveregular discussions with our clients on smallholders and their smallholder support projects.

Shared Responsibility

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RSPO AnnualCommunication ofProgress 2020

Sustainable Palm Oil Policy
1.8 Does your company have a publicly-available Policy covering the implementation of
RSPO Shared Responsibility principles?
NoWaste Management
1.9 Does your company have a waste management plan?
Yes
Water Management
1.10 Does your company have a water management plan?
Yes
Energy Use
1.11 Does your company have an energy use plan covering fossil fuels and renewableenergy?
Yes
RSPO Services and Support
1.12 Does your company provide services and support to the RSPO, eg. participation inRSPO Working Groups and Task ForcesYes
Shared Responsibility Resourcing
1.13 Does your company have a plan to commit resources to ensure effective
implementation of RSPO Shared Responsibility principles?
No

Shared Responsibility

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RSPO AnnualCommunication ofProgress 2020

Challenges and Support
1.1 What significant obstacles or challenges has your company encountered in thepromotion of certified sustainable palm 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 smallholders
Competition 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
1.2 In addition to the actions already reported in this ACOP report, what other ways has
your company supported the vision of the RSPO to transform markets to makesustainable 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
1.3 If your company has any other publicly-available reports or information regarding its
palm oil-related policies and activities, please provide the links here-Challenges & Support

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