Rabo Carbon Bank
Climate change: we must act now
Climate change poses a clear threat to the planet, the way we live and how we do business. And together we must take urgent action. To minimize climate-related damages in the future, the 2015 Paris Climate Agreement aims to limit global temperature rise to 1.5 degrees Celsius above pre-industrial levels. To reach this goal, we must act now to not only reduce emissions, but also to remove greenhouse gases from the atmosphere.
Rabo Carbon Bank
Reducing emissions and removing greenhouse gases from the atmosphere to meet shared climate targets is the right thing to do – but it also makes businesses and communities future-proof in the long term. That’s where Rabo Carbon Bank steps in. Rabo Carbon Bank aims to transform vital sustainability efforts into commercially viable projects. Our scope is high-quality, nature-based carbon solutions in agri-food supply chains. By high quality we mean that:
- the CO2 reduction or removal intends to be additional;
- we aim for wider benefits such as biodiversity and improved water management;
- no double counting should occur;
- farmers are rewarded for their carbon services.
Our solutions are nature-based: based on trees’, crops’ and soils’ capacity to sequester carbon. We work closely together with farmers and aim to protect, sustainably manage and restore natural and modified ecosystems.
In 2020, the Rabo Carbon Bank began developing climate-smart propositions focused on Carbon Farming, Supply Chain Decarbonization and Carbon Reduction in Retail. Our ambition is to reduce CO2 emissions and remove CO2 from the atmosphere, totaling up to 1 gigaton by 2030.
Rabo Carbon Bank is currently developing propositions and launching pilots that reduce emissions and remove carbon from the atmosphere. These fall into three categories:
We develop voluntary carbon credit-generating projects that restore soils, create additional revenues for farmers, and drive reduction and compensation schemes for businesses. Farmers all over the world can be part of the climate solution by storing carbon in trees, crops and soils. With Carbon Farming we not only aim to improve farmers’ soil, yields and biodiversity, we also aim to create a new revenue stream through nature-based voluntary carbon credits. Rabo Carbon Bank connects carbon farmers with corporates seeking to meet net-zero commitments and offset unavoidable emissions. In addition to the recently launched agroforestry based pilot, Acorn, we are running pilots related to soil sequestration in the US and the Netherlands.
Supply Chain Decarbonization
A growing number of corporates and large organizations are looking to reduce their “scope 3 emissions,” that is, emissions within their supply chains. Carbon Bank solutions include decarbonization consultancy services and financial products with flexible rates and conditions that reward sustainable practices and sustainability-linked targets. We are currently working on pilots with large food and agribusinesses on how to achieve, monitor and verify emissions reductions from farmers in their supply chains.
Carbon Reduction in Retail
Consumers have a powerful role to play in reducing emissions. More and more consumers are conscious about their purchasing, transportation and energy choices. Rabo Carbon Bank will raise awareness about the link between consumer behaviour and climate impact. Building on the learnings of the GoGreenEasy pilot with retail banking customers in the Netherlands, we strive to involve and activate our 8.1 million private customers, offering them actionable ways to reduce their own carbon footprint. And for entrepreneurs and SMEs in the agri-food sector, we will further develop the Rabo electric proposition that is currently available for delivery vans.
The Carbon Movement
True to our cooperative nature, we consider Rabo Carbon Bank to be part of a broader movement. A movement that needs policy makers, regulatory bodies, NGOs, scientists, and innovative disruptors from all over the world to make the required system change. We must work together to increase trust through transparent accounting and disclosure standards, grow demand for voluntary carbon credits, and build the case to make carbon pricing part of the climate agreement. We will invite our networks to join us and spark cooperation throughout the food value chain to make this system change happen.
Rabo Carbon Bank propositions and pilot projects are still under development and will be scaled up shortly. Please note that we focus on voluntary high-quality, nature-based carbon solutions in the agri-food supply chains and will not participate in projects that are out of that scope.
Questions? Contact us: email@example.com.
Learn more: rabobank.nl/carbonbank