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DNB publishes CSR vision 2020

On 11 February 2020, the De Nederlandsche Bank (DNB) published its Corporate Social Responsibility (CSR) vision for 2020.

01 Apr 2020

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The CSR vision was launched by DNB in 2019, with objectives for the two topics sustainability and achieving an inclusive financial and economic system.

With respect to sustainability, the DNB will:

  • Investigate how climate risk management can be integrated into market entry and review requirements and to what extent behaviour and culture within financial institutions have an impact on sustainable financing decisions;
  • Broaden the approach for climate risks to other sustainability risks, such as declining biodiversity;
  • Continue to anchor climate risks in the DNB's supervision of banks, insurers and pension funds;
  • Map the CO2 emissions of the financial market infrastructure and the possibilities for reducing emissions;
  • Consider the role climate considerations play in the evaluation and possible revision of the ECB's monetary policy strategy;
  • Research the role of sustainable financial products in the transition to a climate neutral economy; and lastly
  • Further integrate sustainability aspects into the DNB's own reserve management. To work for an inclusive economic and financial system, the DNB will:
  • Conduct in-depth analyses of the labour market, housing market, lending and payment transactions as regards their accessibility;
  • Further develop the Pension Agreement to guarantee the sustainability of the pension system; and
  • Investigate the accessibility of retail payment transactions for consumers and SME entrepreneurs.

DNB CSR vision 2020

This article was originally published in the February edition of REGWATCH. Read the full edition covering the following jurisdictions:

  • European Union
  • Belgium
  • France
  • Germany
  • Hong Kong
  • Ireland
  • Italy
  • Luxembourg
  • Switzerland
  • United Kingdom

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