In launching the ABN Amro World Bank Eco-3 Plus Note in Belgium and Luxembourg, the three organizations have joined forces to combine sustainable investing with an attractive return potential. The note will be sold through the Fortis network of over 1,100 branches in Belgium and Luxembourg as well as online.
Fortis has announced that the ABN Amro World Bank Eco-3 Plus Note has a six-year term and pays a variable annual coupon of between 3% and 10%, depending on the performance of the ABN Amro Eco Index. This index is made up of companies engaged in alternative energy, clean water, waste processing and carbon reduction. These companies are expected to benefit from the growing awareness that climate change must be called to a halt. The Note is issued by the World Bank which also guarantees that the principal is returned to investors on maturity.
Camille Fohl, CEO of Retail Banking Fortis, said: At Fortis, sustainable and responsible investment means generating both financial and sustainable value. We offer our clients products that satisfy their goal of achieving healthy investment returns and their desire to contribute to a better world. We are most happy to have this in common with the approach of ABN Amro and the World Bank. Combining the excellent credit rating of the World Bank with the attractiveness of the ABN Amro Eco Index makes this a unique product that definitely enhances our product range.
