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ABN AMRO 2023

In this backtest, we are looking at ABN Amro, the Dutch bank headquartered in Amsterdam. The data was pulled on 10 September 2024. There is strong alignment between ABN Amro's reported materiality in its 2023 annual report and Mettle's OSMA analysis.

Alignment of Topic Materiality​

ABN Amro 2023

Comparing the two assessments, Mettle finds S3 Affect Communities to be material but ABN Amro does not. By contrast, ABN Amro finds S1 Own Workforce and S2 Workers in the Value Chain to be material but this may be due to their materiality assessment relying on desk research, a stakeholder survey from 2022, and data from Impact Institute.

Topic Materiality over time​

2023

2024

G1 Business conduct has become more material since 2023, displacing E5 Circular Economy as the most material topic. The threshold for immaterial is between E1 Biodiversity and S1 Own Workforce.

Which sub-topics are showing shifts in materiality​

Four subtopics stand out as becoming more material in 2024, which should be reflecting in IRO reporting. They are S3.1 Communities' economic rights, S3.3 Rights of indigenous peoples, S4.1 Information impacts on consumers, S4.3 Social inclusion of consumers, and G1.6 Corruption and bribery.

Materiality of Non-ESRS subtopics​

Developed using SASB taxonomy and Mettle's own unique Trust, Reputation, Thematic models. The taxonomies intentionally have some overlap with each other and with the ESRS taxonomy. Key to this analysis is identifying new topics not specified in ESRS, but meeting the requirement to determine anything else that is material. In ABN Amro's use case, Mettle would recommend Leadership, Privacy, Innovating be included in material topics to be reported.