The NAB conducts research and market surveys to assess the state of impact investing in the Netherlands—mapping key stakeholders, measuring market activity, and identifying barriers to growth.

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​Our initial market sizing study (2022) with KPMG, supported by leading Dutch and international networks, provided a comprehensive view of the sector. It revealed that only 4–6% of Dutch assets under management are impact-oriented.

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In 2025, we conducted a second market sizing, on top of 2023 numbers. At the end of 2023, Dutch stakeholders had invested assets worth €203 billion in impact or SDG-aligned strategies, of which €52 billion of impact investments and €151 billion of SDIs, representing 15% of total Dutch assets under management (AuM). Private markets remain the preferred asset classes, accounting for 71% of total impact investments. Investors face barriers when pursuing impact in listed assets, particularly in demonstrating additionality. Climate-related investments continue to attract the most capital, while biodiversity and social impact themes remain less used for impact investments. Finally, 56% of impact investments were allocated to Europe, and 8% to North America, indicating a strong focus on developed markets. By contrast, a smaller portion of impact capital is directed to Asia (13%), Africa (11%) and Latin America and the Caribbean (11%).