Dutch financial sector financed emissions

Profundo assessed the financed emissions of the three largest Dutch banks, and the investment portfolios of five Dutch insurance companies and eight pension funds. 13 Dutch financial institutions are responsible for 244 million tons of CO2 emissions, almost 1,5x the annual domestic emissions of the Netherlands. Banks had the most polluting portfolios, ING, ABN AMRO en Rabobank are responsible for 60% of these emissions. The financial sector can be considered a major polluting industry due to the greenhouse gas (GHG) emissions associated with their investment and lending portfolios. With their investments in polluting companies in eg. oil&gas they have a harmful impact on climate change.