Friso van Lanschot, CEO of Ecochain Technologies

Dutch banking group, ABN AMRO has entered into a partnership with Ecochain, a technology company, in a bid to launch impact-based banking and assist entrepreneurs in speeding up their sustainability shift through Ecochain’s capability of combining sustainability data and financial data.

Fred Bos, Managing Director of Advisory Banking, said, “Ecochain has developed an exciting tool mapping a company’s entire life cycle, including its environmental footprint. This is then followed up by a review of financial optimization and sustainable opportunities and the investment that would be required. This initiative should further aid us in helping our clients make their business more sustainable.”

According to the supplier, the selection of Ecochain followed a pilot project which included a number of clients from various industries. Through the combination of sustainability and finance, Ecochain’s software provides its clients with insights in their company footprint, processes, and products. These insights are expected to assist ABN AMRO’s relationship managers in identifying companies’ sustainability potential as well as assess viable propositions. The software also allows the creation of carbon savings certificate digitally.

Friso van Lanschot, CEO of Ecochain Technologies commented, “ABN AMRO is our ideal partner, thanks to its ambition, people and network. Together we can market our environmental intelligence software faster and more broadly, and help companies make their business operations more sustainable and circular.”

Recently, ABN AMRO announced that it has gone live with  Temenos’ WealthSuite digital banking platform in a bid to power its international operations for private and corporate banking.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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