NWB Bank has an almost complete picture of the climate impact of its loan portfolio
In July 2019, NWB Bank, together with almost the entire Dutch financial sector, has committed itself to report on the climate impact of its loan portfolio from 2020 onwards. Immediately afterwards the bank set to work on this, resulting in the fact that the bank has calculated the CO2(eq) emisisons of 93% of its loan portfolio.
The research institute Telos / Het PON, which is affiliated with Tilburg University, has helped the bank to chart the climate impact of its loan portfolio. The bank and Telos / Het PON use the PCAF methodology for this. Telos / Het Pon has also developed a specific PCAF public sector methodology. PCAF (Partnership for Carbon Accounting Financials) provides a framework and harmonized methodology that increases transparency and awareness of greenhouse gas emissions and reporting. In January 2019, the bank officially joined this partnership.
The obligation to report on the climate impact of its financing from 2020 onwards arises from the commitment that NWB Bank, together with more than 50 other Dutch financial institutions, has given to the government's climate goals. As part of this commitment, the bank will have action plans ready by 2022 that will help to reduce greenhouse gas emissions of its loan portfolio. The bank has already started setting up so-called Science Based Targets.
The results of the analysis of Telos / Het PON can be found in the table below. More information can be found in the report "GHG emissions (PCAF method) of the Loan Portfolio of NWB Bank" and in the accompanying "GHG emissions (PCAF method) of the Loan Portfolio of NWB Bank methodological explanation".