Our climate commitment and approach

Climate change is a significant issue that will impact the long-term prosperity of our economy and way of life. We recognize the importance of limiting global warming to 1,5 degrees and that to do this, global emissions need to reach net zero in the second half of this century. We acknowledge that climate change is creating risks and opportunities for our clients, our communities, and also for our bank. We are committed to the goals of the Paris Agreement and consider it a shared responsibility to take action. We have also signed the commitment of the Dutch financial sector to the Dutch Climate Agreement.

Our commitment and approach

Rabobank is working together with customers and partners on climate solutions. We want to play a facilitating role by providing banking solutions to clients who want to make their businesses more sustainable. In addition to reducing the banking sector’s carbon footprint, Rabobank focuses on climate and sustainability transitions within the sectors it finances: food and agriculture, energy, industry and housing.

Rabobank wants to ensure that, by 2024, sustainability and tackling climate change are fully integrated into our corporate strategy, our focus on innovation and our daily client servicing.

Our first climate report “Rabobank and Climate Change” (September 2020) outlines our ambitions, strategy and commitments regarding tackling climate change. We provide an overview of the current state of affairs in “Rabobank Climate Commitment – Disclosure of progress over 2020.” This report concerns the financial sector’s commitment to the Dutch Climate Agreement, which Rabobank signed in 2019, and follows the reporting format applicable to all signatories. Additionally, in the Impact report we explain which steps are being taken to become aligned with the Paris Agreement. In Our Road to Paris report we show our progress on defining decarbonisation pathways and our climate risk management.

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