Rabobank awarded top spot in sustainability rankings

20th February 2019


Rabobank shutterstock 1130687738

Related Topics

Related tags

  • Business & Industry ,
  • Finance ,
  • Investment ,
  • Sustainability

Author

Martin Glover

Rabobank has topped a sustainability ranking of major banks for the way it applies Environmental Social Governance (ESG) data in its services and approach to risk.

Sustainalytics, which compiled the rankings, said that the risk of Rabobank incurring financial damage as result of environmental and social policy was “negligible“.

The Dutch bank was languishing at 62nd place in the rankings just four years ago, but earned a place in the top 10 two years later before climbing to second position last year.

Director of sustainability, Bas R√ºter, said: “Rabobank's number one position speaks volumes about how we're successfully putting into practice the ambitions set out in our Sustainably Successful Together strategy.

“Rabobank also reports on its sustainability performance in its annual report, which gives investors extra comfort.“

The ranking takes into account the content of the banks' sustainability policies and how they apply them in practice.

Rabobank earned high scores on corporate and product policy, human capital and integrating ESG data into its lending operations.

And although its scores on data privacy and security and business ethics were slightly lower, the Sustainalytics said the risk remains low.

“When making lending decisions, Rabobank looks at the extent to which a client complies with our sustainability policy. Prospective clients may only become clients if they comply with the policy,“ R√ºter continued.

“Existing clients must also comply. If they do not meet the requirements we enter into a dialogue with them concerning the necessary changes. If the required changes are not made, the bank suspends provision of services.

“This integration of policy into our lending operations is extremely important to investors.“

Image credit: Shutterstock


Transform articles

Power struggle: Central government and local authorities

Devolving power from central government to local authorities will be critical for the UK as it looks to deliver on its environmental targets. Chris Seekings reports

23rd September 2021

Read more

The UK government has been “too city-focused” in its climate action and must provide more funding and support to reduce emissions in rural areas, the County Councils Network (CCN) has said.

22nd September 2021

Read more

COVID-19 offers the world a huge chance to beat a path to sustainability, says Oxford University professor Ian Goldin – but we must learn from past crises, he tells Huw Morris

30th July 2021

Read more

The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.

30th July 2021

Read more

The UK's largest defined benefit (DB) pension schemes have received a letter from the Make My Money Matter campaign urging them to set net-zero emission targets ahead of the COP26 climate summit later this year.

26th July 2021

Read more

The total cost of waste crime in England has increased by 53% in just three years, and now costs the country nearly £1bn annually, a recent study has uncovered.

23rd July 2021

Read more

The oil and gas industry is set to burn through its allocated carbon budget 13 years early unless decisive action is taken immediately, new analysis has found.

22nd July 2021

Read more

Public money spent rescuing economies from the impact of COVID-19 is set to do more harm than good to the environment, new research suggests.

16th July 2021

Read more

The sale of new diesel and petrol heavy goods vehicles (HGVs) will be banned in the UK by 2040 under proposals unveiled in the government's transport decarbonisation plan yesterday.

15th July 2021

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert