Rabobank maintains number one position among diversified banks according to Sustainalytics
Sustainalytics, a leading global ESG research and ratings provider, has assigned an Environmental Social Governance (ESG) Risk Rating to Rabobank. In line with their methodology for rating the sustainable performance of Diversified Banks, Rabobank is ranked first out of 374 companies in the subindustry for a second consecutive year.
Sustainalytics is the global leader in sustainability research and ratings for institutional investors. Rabobank was assessed as having negligible risk across several ESG issues material to banks including ESG integration in corporate finance and responsible product offering. The assessment takes into account both the content of the company’s sustainability policy and how Rabobank applies it in practice in its services and approach to risk. Financial inclusion is also measured, such as initiatives to promote access to financial services for disadvantaged people. Rabobank also received full points on anti-discrimination and diversity practices. Among Sustainalytics’s entire ESG assessment universe of more than 12,000 companies, across multiple sectors, Rabobank stands at number 58 as the highest scoring diversified bank.
Bas Rüter, Global Head of Sustainability: “The Sustainalytics assessment takes into account both the content of the sustainability policy and how the bank applies it in practice in its services and approach to risk. This result affirms not only our sustainability ambitions with Growing a Better World Together; it also shows that we really deliver on promises as a sustainable, cooperative bank. Basically, we put our money where our mouth is."
Rabobank will continue to work on sustainability topics, collaborating with Sustainalytics as an important benchmark and standard setting body.
Rabobanks’ ESG Risk Rating assigned by Sustainalytics, is in line with public perception about Rabobank’s performance. In the annual Sustainable Brand Index awards this May Dutch consumers voted Rabobank the “most sustainable bank brand” in the category of Banking.
Published: July 1st 2020, 13:00 CET