Rabobank has been placed at the top of the sustainability rankings for major banks by Sustainalytics, a leader in sustainability research and ratings.
Rabobank received the best score of all the 294 major banks included in the assessment. Four years ago Rabobank held the 62nd position in the rankings.
The bank received the highest score for how it applies Environmental Social Governance (ESG) data in its services and approach to risk. Rabobank earned high scores on corporate policy, product policy, human capital and integrating ESG data into its lending operations. While the scores on data privacy & security and business ethics are slightly lower, the risk remains low.
“Rabobank’s number one position this year speaks volumes about how we’re successfully putting into practice the ambitions set out in our Sustainably Successful Together strategy,” says Bas Rüter, Director of Sustainability at Rabobank. “Rabobank also reports on its sustainability performance in its annual report, which gives investors extra comfort.”
“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. 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.”, said Rüter.