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Banking and financial services
Rabobank Group is owned by its member banks. Food and agribusiness is the prime international focus of the Rabobank Group.
The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soya, beef, leather, timber, and pulp and paper). This financial institution received a score of 4/5.
[Source 2017][More on Forests]
In 2018, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of B.
[Source 2018][More on Climate Change]
In 2013 Rabobank agreed to pay $1bn to US, UK and Dutch authorities and admitted that dozens of employees manipulated Libor and other key benchmark interest rates over six years. Benchmark interest rates are used globally to set the price of everything from credit card fees to corporate loans.
[Source 2013][More on Finance]
Fair Finance Guide International's 2015 report about transparency and accountability in the Financial Sector assessed and scored banks on four key aspects: publication of policies and risk management; disclosure of investments; reporting on engagement with companies and voting behaviour; and stakeholder dialogue. The report also scored those banks on their transparency on tax-related issues, including the extent to which they provided detailed, country-by-country information on key indicators on transparency and tax. The report places assessed banks in three categories: leaders, followers and laggards. This bank scored 4.6/10 (Follower) on the Transparency and Accountability theme, and 2.9/10 (Laggard) on the Taxes and Corruption theme.
[Source 2015][More on Governance]
This bank appeared at #24 in a list of banks backing expansion in the tar sands. They have loaned US$44 million to companies operating in the Canadian tar sands since 2007, according to Bloomberg. Extracting oil from tar sands produces between 3 and 5 times the greenhouse gas pollution of conventional oil production, pollutes water, destroys forests, and uses huge amounts of energy to process. [Listed under Information due to age of report]
[Source 2010][More on Habitats]
This company is a member of Bonsucro - Better Sugar Cane Initiative, a global non-profit, multi-stakeholder organisation fostering the sustainability of the sugarcane sector through its leading metric-based certification scheme and its support for continuous improvement for members.
[Source 2019][More on Multi-Stakeholder Initiatives]
This company is a member of the Global Roundtable for Sustainable Beef (GRSB), who's stated mission is to advance continuous improvement in sustainability of the global beef value chain through leadership, science and multi-stakeholder engagement and collaboration. However the GSRB has been criticised by a group of NGOs for its failure to address misuse of antibiotics and animal welfare concerns, among other things (http://bit.ly/1xWw5pV).
[Source 2017][More on Multi-Stakeholder Initiatives]
This bank has endorsed the Green Bond Principles - a set of voluntary guidelines on the development and issuance of green bonds. Green Bonds enable capital-raising and investment for new and existing projects with environmental benefits.
[Source 2014][More on Governance]
Green Bonds enable capital-raising and investment for new and existing projects with environmental benefits. The Green Bond Principles are voluntary process guidelines that recommend transparency and disclosure and promote integrity in the development of the Green Bond market by clarifying the approach for issuance of a Green Bond.
[Source 2018][More on Multi-Stakeholder Initiatives]
In 2015 the Fair Finance Guide ranked the top financiers of selected fossil fuels companies (loans & underwriting) and compared it to their financing of renewable energy. This bank provided US$1.6 billion for fossil fuels and US$1.7 billion for renewable energy between 2009 and 2014.
[Source 2015][More on Climate Change]
This company is listed on the Facing Finance website as a financial institution which invests in companies that manufacture weapons or profit from violations of human rights, pollution, corruption, or international law. Follow link for further details.
BankTrack is a global network of civil society organisations and individuals tracking the operations of the banking sector and the activities they finance. BankTrack aims to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices. Follow the link to see this bank's profile.
|Revenue||US$32.7 billion in 2010|
|# Employees||58,714 in 2010 in World|
|Subsidiaries||Rabobank Australia Ltd|