ActiveThis profile is actively maintained
ActiveThis profile is actively maintained
3521 CB Utrecht
Chairman of the executive board
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.
Extractive Industries policy
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.
Banks and Climate
The 2022 Banking on Climate Chaos report showed that Rabobank provided US$ 10.47 billion in financing to the fossil fuel industry between 2016 and 2021. 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.
Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of Rabobank's fossil fuel policy below.
Banks and Human Rights
BankTrack assessed Rabobank in its 2022 Global Human Rights Benchmark, where it achieved 8 points out of 14 and was ranked as a front runner. In addition, Rabobank scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.
Global Human Rights Benchmark 2022
Rabobank's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Front runner, with a total score of 8 out of 14.
Due dilligence: 2.5/5
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.
Banks and Nature
Rabobank’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 7.4 out of 10 and ranking it as a leader. Rabobank achieved a score of 7.4 out of 10 specifically for its policies related to the beef sector and 7.6 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed Rabobank’s policies related to the pulp and paper sector.
Between 2016 and 2022, Rabobank provided USD 11,115 million in credit to companies operating in these forest-risk sectors. For more information, see the links below.
Forest & Finance Policy Assessment 2022: Overall scores
The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Rabobank' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Rabobank' profile
A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Forest & Finance Policy Assessment 2022: Beef
The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Rabobank' profile
A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Forest & Finance Policy Assessment 2022: Palm Oil
The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Rabobank' profile
A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Tracking the Net Zero Banking Alliance
Rabobank is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker
Banks and Putin's war in Ukraine
BankTrack is keeping track of the public response of Rabobank to Russia's illegal invasion of Ukraine. Rabobank has publicly condemned the war. Rabobank is considered by Leave-Russia.org to be "suspending" its operations in Russia. We consider its exposure to Russia as limited. Rabobank supports the Russian fossil fuel industry through loans and underwriting. For further details, see the table linked below.
Milieugroepen roepen Rabobank op te stoppen met financieren vleesindustrie
Rabobank opgeroepen te stoppen met leningen aan industriele vlees- en zuivelbedrijven om verergering klimaatcrisis te voorkomen
Rabobank called on to stop billions of dollars in finance to polluting industrial meat and dairy companies
Europe’s largest banks falling short on climate and biodiversity action
European financial institutions heavily invested in companies involved in illegal Israeli settlements
New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy
Our nature and climate demand a reduction of industrial beef production, but banks missed the memo
Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses
Banks in Russia now have to help with conscription: Those who stay could be complicit in war crimes
Planning for public disclosures through hidden closed-door processes?
NewClimate Institute report: 29 major polluters on collision course with our climate
NGOs reveal top international companies, banks, and investors that fuel Russia's war machine
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
Dutch financial sector European frontrunner in financing deforestation
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
European banks storing €20bn a year in tax havens
The Chain: Active Fires Detected in SLC Agrícola’s Fazenda Perdizes Property in the Amazon
New research puts big banks’ sustainability claims in doubt
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
New BankTrack Equator Principles reporting tracking tool launched
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
BankTrack 2019 Human Rights Benchmark: criteria and scope announced
Citigroup cancels financing of Indonesian food giant Indofood over palm oil labor abuses
These Are the Banks Caught Up in the Russia Money-Laundering Scandal
Russian money laundering machine shifted millions through the Netherlands
Every two weeks a bank, insurer or lender announces new coal restrictions
Rabobank fined €1 million for poor money laundering checks
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
Dutch-based banks continue to finance deforestation and land-grabbing
Rabobank to pay USD 369 million in money-laundering case
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
Europe’s biggest banks register €25 billion profit in tax havens
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
Rabobank, Storebrand Dump Fossil Fuel Companies
Rabobank will not finance shale gas extraction
European banks and pension funds fuel land-grabs in Uganda
Equator Principles goes beyond project finance, improves transparency
New report: European banks fuelling food price volatility and hunger
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
Time to Improve the Equator Principles, BankTrack Says
BankTrack to Equator Principles banks; ‘get the Outside Job done’
Financiers search for sustainable future
New rules for Equator Principles, but no new commitments from banks
Investeringen banken: meer fossiel dan duurzaam
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
Dutch banks call for clear agreements on sustainable energy
New website guides Dutch consumers in choosing sustainable bank
Financial institutions vote more in favour of climate
Banks shun harmful investments
Milieudefensie publishes Climate Performance Index 2007 of Dutch Banks
Letter from Feedback EU, Feedback Global, BankTrack & World Animal Protection to Rabobank on industrial livestock
Briefing: Rabobank's financial services to the global meat and dairy companies fueling climate change
Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows
Dutch financial sector financed emissions
Evaluating corporate target setting in the Netherlands
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
Initial assessmentFriends of the Earth Europe, Friends of the Earth Netherlands/Milieudefensie - Rabobank
Sustainably successful together
Dirty Profits III
The Green Tigers
Aandelen in klimaatverandering / Shares in climate change (in Dutch, with English summary)
EPN assessment of policies against 14 minimum criteria - Rabobank
Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.
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.
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.