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
BankTrack is the international tracking, campaigning and support organisation focused on banks and the activities they finance.
We aim to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices.
Johan Frijns - BankTrack, The Netherlands
Rabobank Group is a full-range financial services provider based in the Netherlands. It is founded on cooperative principles and as such owned by its members. The bank offers the full range of 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 2016|
Cooperative structure, bank owned by members
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Rabobank adopted the Equator Principles in 2003.
Rabobank reports annually on their implementation of the Equator Principles. The 2015 report can be found here.
Rabobank further reports on its portfolio of projects financed under the Equator Principles on the Equator Principles website, here.
True leader Front runner Follower Laggard
BankTrack has assessed Rabobank on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Rabobank is assessed as a Front runner, with a total score of 8/12.
Rabobank is reporting on the implementation here.