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Last update: 2022-02-21 00:00:00
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Rabobank Group is a full-range financial services provider based in the Netherlands, dating back to 1898 when two cooperative banks were formed in Utrecht and Eindhoven. They merged in 1972 to become the Rabobank. The bank is founded on cooperative principles and as such owned by its members. The bank offers financial services to consumers, private clients and business but its origin as a rural cooperative bank still reflects today in the bank being a global leader in food and agri financing and in sustainability-oriented banking.
3521 CB Utrecht
Wiebe Draijer |
Chairman of the executive board
|Annual report||Annual report 2021|
Rabobank has a cooperative structure, the bank is owned by members.
|Complaints and grievances||
Rabobank states that individuals and communities who may be adversely affected by its finance can raise a complaint to the bank via its Feedback or Complaints web page.
Related Dodgy Deals
Dodgy Deals map
Tracking the Equator Principles
EPFIs reporting status
EP reporting page: https://equator-principles.com/reporting-cooperatieve-rabobank-u-a-2020/
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
Banks and Climate
Bank net zero commitments
Goal 2025/2030: Pledged to publish interim commitments by 2022. Also pledged to set a 2030 target (NZBA).
Goal 2050: NZBA
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
Banks and Human Rights
Human Rights Benchmark November 2019
Rabobank's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Front runner, with a total score of 8 out of 14.
Due dilligence: 2.5/5
This page evaluates Rabobank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
No information available on whether the bank engaged with its client or took appropriate action.
Following the bank's response: The bank stated that engagements with clients are publicly reported in an anonymised format in its annual reports. This reporting does not provide details on whether or how the bank has engaged with the company in this specific instance nor does it state whether the bank has required to company to take specific actions or taken appropriate action itself. Therefore, the score remains unchanged.
New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
Banks failing to address severe human rights impacts transparently, finds BankTrack research
Equator Banks involved in financing at least 200 fossil fuel projects since Paris
Top global banks and investors made an estimated USD 1.74 billion in income since Paris Climate Agreement from deals with agribusinesses linked to destruction of climate-critical forests and human rights abuses
Banks and biodiversity: are banks moving towards Kunming?
Dutch pension funds, insurers and banks not yet Paris-proof
New report exposes billions in European financial support to companies in illegal Israeli settlements
Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit
New research puts big banks’ sustainability claims in doubt
The Chain: Active Fires Detected in SLC Agrícola’s Fazenda Perdizes Property in the Amazon
Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress
Report: Global banks fail for financing, investment in oil & gas in Amazon rainforest
World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds
Safeguard biodiversity - finance less meat and more plants.
Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming
Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement
Big banks make a dangerous bet on the world’s growing demand for food
The Partnership for Biodiversity Accounting Financials (PBAF) welcomes fifteen new financial institutions
BNP Paribas, Credit Suisse, ING to exclude exports of Ecuadorian Amazon oil from trading activities
Banking beyond deforestation
Six years of the Soft Commodities Compact failed to slow bank finance for deforestation
Banks Funnelled Over USD 150 Billion Into Companies Driving Deforestation Since Paris Agreement, New Data Analyses Shows
Progress on Dutch bank sustainability policies but improvements still needed
A call to action on the Principles for Responsible Banking: End climate-destructive financing now
Western banks provide billions in backing for firms driving tuna species to collapse
Two sides of the same coin: How the pulp and paper industry is profiting from deforestation in the Amazon rainforest
Principles for Responsible Banking no obstacle to finance climate destruction
Banks are fueling deadly fires, Covid-19 threatens to compound the risks
Banks funnelled over USD 150 billion into companies driving deforestation since Paris Agreement, new data analysis shows
Dutch banks slammed by independent committee for failing to address client confidentiality
New report reveals European banks financing trade of controversial Amazon oil to U.S.
Global finance sector failing to apply conservation criteria to pulp and paper funding
Dutch banks fail to act on gender equality
4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows
Citigroup cancels financing of Indonesian food giant Indofood over palm oil labor abuses
Russian money laundering machine shifted millions through the Netherlands
Every two weeks a bank, insurer or lender announces new coal restrictions
Banks must show their teeth to tackle cocoa abuses
Dutch banks allow consumers to unwittingly invest in controversial palm oil companies
Gunvor joins other commodity players with sustainability-linked loan led by ING
Dutch Banking Sector Agreement on Human Rights publishes first annual report plus leverage and cocoa papers
ING, Rabobank accused of funding granite companies that use child labour
New report: Towards responsible and inclusive financing of the palm oil sector
Financiers of pulp and paper industry projects will cause environmental and social harm, says new report
HSBC triggers investigation into palm oil company over deforestation allegations
Ten Equator banks demand decisive action on Indigenous peoples following DAPL debacle
Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
Aanklacht: Rabobank medeplichtig aan misdaden drugskartels in Mexico
SMX Collective files complaint against Rabobank over drug money laundering and human rights violations in Mexico
Dutch banks spend millions on lobbying
Going Dutch: What’s in the new Dutch banking sector agreement on human rights?
New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia
Revealed: ING and Rabobank continue support for biggest Russian coal producer
FoE response to final statement on complaint guidelines on Rabobank and Bumitama
UN, banks and oil palm giants feast on the stolen land of Uganda's dispossessed
Give us back our land: Ugandan oil palm project taken to court over land-grab claims
Bumitama cuts ties with illegal palm oil plantation following Friends of the Earth pressure
Publication initial assessment for Friends of the Earth/Milieudefensie - Rabobank
Banks not yet living up to UN human rights principles, finds BankTrack
Friends of the Earth files OECD complaint against Rabobank finance for illegal palm oil
OECD complaint against Rabobank concerning financial services to Bumitama
BankTrack calls for strengthening of Green Bond Principles
European and US financial institutions continue to finance illegal palm oil
Taking Lobbying Public
From Main Street to Wall Street, US banks and brands support illegal forest destruction for palm oil
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
BankTrack calls upon banks to Close the Gap on investment policies
Equator Principles: Action, not words needed
Civil society groups call for bold steps forward with Equator Principles
Banks shun harmful investments
Milieudefensie publishes Climate Performance Index 2007 of Dutch Banks
Banking on Climate Chaos 2022
Dutch financing of forest-risk sectors
Investing in troubled waters
Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress
Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?
Big meat. Big bucks. Bigger harm.
Banking beyond deforestation
The Banking Environment Initiative (BEI) & the Consumer Goods Forum (CGF)’s ‘Soft Commodities’ Compact
A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now
Letter from BankTrack to Rabobank on Rabobank's Future Relationship with the Fossil Fuel Industry
Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses
The human cost of conflict palm oil - revisited
Letter from 30 Indonesian NGOs to PT RAPP financiers on current situation of PT RAPP (APRIL's main supplier)
Extractive Industries policy
Banking with Principles? Second Edition June 2016
Initial assessmentFriends of the Earth Europe, Friends of the Earth Netherlands/Milieudefensie - Rabobank
Sustainably successful together
Banking with Principles?
Dirty Profits III
The Green Tigers
Aandelen in klimaatverandering / Shares in climate change (in Dutch, with English summary)
Voluntary standardsRabobank has committed itself to the following voluntary standards:
- Banking Environment Initiative
- Carbon Disclosure Project
- Climate Statement Dutch Banking Association (NVB)
- Code Banken (Dutch Banking Code)
- De Spitsbergen ambitie
- Diversity Charter
- Dutch Banking Sector Agreement on International Responsible Business Conduct regarding Human Rights
- Equator Principles
- Finance for Biodiversity Pledge
- Global Reporting Initiative
- Green Bond Principles
- Natural Capital Declaration
- Net-Zero Banking Alliance (NZBA)
- OECD Guidelines for Multinational Enterprises
- Paris Agreement Capital Transition Assessment (PACTA)
- Partnership for Biodiversity Accounting Financials (PBAF)
- Partnership for Carbon Accounting Financials (PCAF)
- Principles for Responsible Banking (PRB)
- Principles for Responsible Investment (PRI)
- Roundtable on Sustainable Palm Oil (RSPO)
- Soft Commodities Compact
- Task Force on Climate-related Financial Disclosures
- UNEP Finance Initiative
- United Nations Global Compact
Rabobank's web page on corporate responsibility can be accessed here.
Extractive Industries policy
Implementation and reporting
Rabobank is reporting on the implementation here.