SNS REAAL GOUP
| Industry:banking & financial services | ISIN:NL0000390706 | Country:NL | CRR:C |
Company Profile:
The SNS REAAL Group is a Dutch financial service provider which operates in the areas of banking and insurance. Its services are geared toward private and business clients and are marketed principally via its main brands, SNS Bank and REAAL Verzekeringen.
Strengths/weaknesses profile:
Strengths:
- comprehensive integration of social and environmental aspects into the asset management business
- reasonable programmes regarding lending to companies/projects with high social benefit
- majority of employees covered by collective bargaining agreements and represented by works councils
- group-wide measures to ensure employee awareness of and compliance with business ethics
Weaknesses:
- lack of transparency regarding measures concerning customers with debt repayment problems
- lack of transparency regarding the integration of environmental factors into its property and casualty insurance business
Reasons for inclusion in the Index:
The company gives a high degree of consideration to social and environmental aspects in its lending and asset management. In addition, SNS REAAL is active in the field of microfinance and has entered into extensive partnerships with microfinance service providers.