ABN AMRO, the Netherland’s third biggest bank, published its new animal protein production policy, incorporating space requirements for farm animals according to the minimum responsible standards of the FARMS initiative.
This Spring, Robert Swaak, ABN AMRO’s new CEO, announced he will further strengthen the sustainability ambitions of the bank. The new animal protein policy fits that direction. It explicitly states that clients will need to have cage-free and crate-free production systems, and adopt space requirements for farm animals in line with the FARMS initiative or certification schemes such as Global Animal Partnership and Beter Leven, which are often more stringent.
Moreover, ABN AMRO highlights plant-based products as innovation for clients to work on reducing their environmental and climate impacts.