Netherlands' ABN AMRO Discloses €10.46 Billion in Green Bond Proceeds in 2024 Impact Report
ABN AMRO sign at branch, Bjoern Wylezich / Shutterstock.com.

ABN AMRO published its 2024 Green Bond Allocation and Impact Report on 1 September 2025, disclosing that total outstanding green bond proceeds stood at €10.456 billion as at 31 December 2024. The Dutch bank allocated the full balance across two asset categories: green residential buildings, which absorbed €9.294 billion, and renewable energy project finance, which received €1.162 billion.

The green residential buildings allocation of €9.294 billion represents approximately 26% of ABN AMRO's eligible green residential building assets, which the bank valued at €35.148 billion as at the same date. The eligibility criteria for green residential buildings under the framework are based on energy performance certificate ratings.

RENEWABLE ENERGY LOANS AVOID 865,000 TONNES OF CO2

The €1.162 billion directed towards renewable energy financed 30 project finance loans covering solar power installations and both onshore and offshore wind farms. ABN AMRO's pro-rata share of these projects' output is 2,079 gigawatt-hours of energy per year, a volume that enabled the avoidance of 865,457 tonnes of CO2 annually compared with the equivalent generation from fossil fuel sources. ABN AMRO highlighted that over the full operational lifetime of the funded assets — estimated at 25 years — the cumulative avoided emissions would amount to approximately 21.6 million tonnes of CO2 equivalent.

ABN AMRO's 30-loan portfolio spans the Netherlands and other European markets, including Spain, Portugal, Italy, the UK, Germany, France, Belgium, Sweden and Denmark.

FRAMEWORK AND EUGB FORMAT

ABN AMRO updated its Green Bond Framework in 2024, bringing it into alignment with the EU Taxonomy, as confirmed by second-party opinion provider ISS-ESG; the report states that the proceeds of its outstanding green bonds are allocated 100% to activities that are environmentally sustainable under the EU Taxonomy.

The bank issued bonds under the European Green Bond format in 2025. On 16 April 2025 the European Commission approved an opt-in regime of standard templates for voluntary post-issuance disclosures by non-EuGB green bonds, which ABN AMRO has used in an annex to the report. The 2025 EuGB issuances will be reported in next year's allocation and impact report, rather than the current document.

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