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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 2019|
Rabobank has a cooperative structure, the bank is owned by members.
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Banks, climate and energy
Bank policy scores on tar sands
Total: 6 points out of 20
4 points for a strong exclusion of tar sands projects: Rabobank prohibits financing for tar sands exploration, production, transport, processing, or refining projects.
2 points for a weak exclusion threshold for tar sands companies: Rabobank prohibits financing for majority tar sands exploration and production companies.
The point-based policy ranking above assesses bank policies in four ways:
1) Restriction on direct financing for tar sands projects.
None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)
2) Restriction on financing for companies that expand tar sands.
None (0), weak exclusion (3), strong exclusion (5)
3) The bank’s commitment to phase-out financing for tar sands.
None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.
None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).
Bank policy scores on fracked oil and gas
Total: 6 points out of 20
4 points for a strong exclusion of fracked oil and gas projects: Rabobank prohibits financing for shale oil and gas exploration, production, transport, processing, or refining projects.
2 points for a weak exclusion threshold for fracked oil and gas companies: Rabobank prohibits financing for majority shale gas exploration and production companies.
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for fracked oil and gas projects.
- None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)
2) Restriction on financing for companies that expand oil and gas fracking.
- None (0), weak exclusion (3), strong exclusion (5)
3) The bank’s commitment to phase-out financing for oil and gas fracking.
- None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 20 policy points for its fracking policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).
Banks and human rights
BankTrack Human Rights Benchmark 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
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 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
Assessing the response of Dutch banks to severe human rights abuses in the extractive 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 initiativesRabobank 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
- OECD Guidelines for Multinational Enterprises
- 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.