
Active
This profile is actively maintained
Active
This profile is actively maintainedWebsite | http://www.rabobank.nl |
Headquarters |
Croeselaan 18
3521 CB Utrecht
Netherlands
|
CEO/chair |
Stefaan Decraene Chairman of the executive board |
Supervisor | |
Ownership |
Rabobank has a cooperative structure, the bank is owned by members. |
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.
Rabobank's most important sustainability commitments can be found at the website sections listed below.
Rabobank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Rabobank's link to these deals.
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.
Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance). Advice on specific cases may also be requested from the NVB's Advisory Panel on Responsible Banking.
Rabobank is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
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.
Banks and Climate
The 2023 Banking on Climate Chaos report showed that Rabobank provided US$ 13.905 billion in financing to the fossil fuel industry between 2016 and 2022. Find further details on Rabobank's fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Rabobank’s fossil fuel policy below.