Impact Story
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15 May 2024

BNG podcast ‘Added Value at the Table’: A sustainable dream in a fossil fuel reality

Sustainability is playing an increasingly important role in society. But how do you, as a bank, deal with a company that still facilitates many fossil fuel activities? Do you opt for a risky but sustainable investment? Or do you focus on stable but fossil fuel financing? Presenter Maarten Bouwhuis presents this dilemma to Terrence Roep, account manager Public Finance at BNG, and Tim de Knegt, manager Strategic Finance & Treasurer at the Port of Rotterdam Authority.

Presentator Maarten Bouwhuis legt dat dilemma voor aan Terrence Roep, accountmanager public finance bij BNG Bank, en Tim de Knegt, manager Strategic Finance & Treasurer bij het Havenbedrijf Rotterdam.

According to De Knegt, the Port Authority encourages the parties it works with to quickly make the transition to sustainability. However, long-term contracts with parties such as Shell, for example, are an obstacle in this regard. Because these contracts run for several years, it is sometimes difficult to make a quick transition to sustainability. ‘But the most important thing is that sustainability must ultimately be ingrained in companies’ DNA in order to bring about change. And at the Port Authority, sustainability is not only number one, but also number two, three, four and five.’

'But it is more important than ever that in today's polarised society, we focus more on the similarities rather than the differences.'
Tim de Knegt
Manager Strategic Finance & Treasurer at Havenbedrijf Rotterdam

Roep sees that sustainability is high on the Port Authority's agenda. And BNG Bank shares that ambition. At the same time, both Roep and De Knegt note that the transition to sustainability is often still too slow. Nevertheless, both parties are optimistic about the future. ‘But it is more important than ever that, in today’s polarised society, we focus more on the similarities rather than the differences,’ says De Knegt.

Curious about what else is important to BNG and the Port of Rotterdam Authority? Listen to the entire episode of the BNG podcast ‘Meerwaarde aan Tafel’ (Added Value at the Table): A sustainable dream in a fossil fuel reality.

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Terrence Roep

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