ABN AMRO, a Dutch bank, has invested in SET Fund IV, a fund managed by SET Ventures that focuses on data and digital technology companies accelerating the energy transition to a zero-carbon society. This is the third climate-related fund investment made by ABN AMRO Corporate Investments. The bank’s climate strategy aims to build momentum for a transition to a net-zero economy by 2050, and ABN AMRO plans to invest a total of €1 billion in startup capital to finance this transition.
This investment will provide capital to young, fast-growing companies that are helping the economy transition to sustainability but do not yet qualify for traditional bank products. ABN AMRO hopes to foster a new generation of companies that will be crucial for achieving a zero-carbon energy system. The investment will also strengthen the bank’s knowledge and network in the energy and digital transition sectors.
ABN AMRO has dedicated teams that provide strategic advice and financing to companies in the New Energy and Digital sectors to help them transition to sustainability.
