New Energies

We see it as our duty to put our years of sector expertise and our sustainability strategy to work, together with our clients, in implementing the right financial strategy for your business and contribute to the energy transition. We aim to be a leading Energy Transition bank in Europe by engaging with our clients on their energy transition, whether still in an early stage or already mature, and providing strategic advice.

ABN AMRO New Energies provides financial services and advice for business clients in the Basic Materials, Utilities, Renewable Energy, Energy Services, Alternative Fuels and Hydrogen sectors, throughout Europe. In addition to our headquarters in Amsterdam, New Energies has offices in London, Oslo, Frankfurt and Brussels.

The New Energies team plays a highly active role in the energy transition and in the switch to a more circular economy. We engage in active dialogue with industrial leaders with the highest sustainability standards, industrial leaders who are actively helping to make the world a better place and who, therefore, fit in with our objective.

The Basic Materials sector team focuses on clients active in the materials market (chemicals, metals & minerals, building materials) that will make it possible to decarbonise the economy.

The Utilities sector team covers a diverse range of activities including production, regulated utilities, energy trading & supply contracts, and ancillary services and operations.

The Renewable Energy team offers its services to clients in the wind and solar, electric vehicle and storage infrastructure markets.

The Energy Services sector is of critical importance when it comes to successfully delivering on energy transition related commitments. Accordingly, we work with clients who offer a wide range of energy services such as offshore services, solutions for the transition to renewable energy, and emerging energy technologies.

The Alternative Fuels team envisions opportunities across the various generations of clean fuels. We cater to clients active in first generation biofuels, waste-based biomasses and synthetic fuels.

Hydrogen is in growing demand globally and has a key role in the energy transition. We at ABN AMRO recognise this and provide you with an experienced team of professionals focusing on working with companies to replace the existing consumption of grey hydrogen, decarbonisation of carbon intensive sectors, and energy storage and stability.

The New Energies sector team at ABN AMRO sees the development of sustainable energy sources as a key element in making the energy mix more sustainable and achieving the goals set out in the Paris Agreement. As a bank, we see it as our duty to put our expertise to work in all aspects of the energy mix so that we, together with our clients, can contribute to the energy transition.

ABN AMRO New Energies is in an excellent position to provide you with financial assistance and advice, taking into account global trends and developments in the circular economy and energy transition. You can rely on our years of experience, our specialist knowledge and our drive.

In December 2022, ABN AMRO published its inclusive climate plan and joined the Net Zero Banking Alliance.

We have set intermediate targets for 2030 for five sectors: oil & gas, power generation, shipping, commercial real estate, and mortgages, the largest asset class on our books. Our strategic choice to focus on the Netherlands and Northwestern Europe has already significantly reduced our loan portfolio in the carbon-intensive energy, shipping and commodities portfolios.

Our ambition is to be a leading Energy Transition bank and engage with our clients on their decarbonisation strategies.

We have committed to an absolute exposure reduction of 22% by 2030 compared to 2021, which aligns with IEA’s projected O&G supply reduction on a net zero pathway in a 1.5 degrees scenario.

A significant part of this reduction has already been achieved since 2021 through a further refocus on our strategy to serve European clients.

Our upstream O&G client base is primarily North Sea based and we consider these companies key to ensuring that the European energy system will remain secure, reliable and affordable. We will continue to engage with these clients and support them in achieving their own (Scope 1 and 2) decarbonisation objectives.

We will converge to the IEA NZE 2050 (1.5 degrees) Global Power Generation Emissions Intensity Curve, which means target portfolio emissions intensity of 188kg CO2/MWh by 2030.

In our baseline year 2021 our portfolio emissions intensity was 18kg CO2/MWh, well within our 2030 interim target. This provides us with scope to grow and support our clients in their decarbonisation strategies.

We anticipate that by supporting the Energy Transition our power generation emission intensity may temporarily increase. We are willing to absorb this as long as this is in support of the decarbonisation of the economy in the longer term.