Sustainalytics has placed Rabobank at the top of the sustainability rankings for major banks. The bank received the highest score among peers worldwide for policies and performance in line with Environmental Social Governance (ESG) criteria. A second rating puts the bank at number one for how it applies ESG data in its services and approach to risk.
“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.
Sustainalytics is the global leader in sustainability research and ratings. Their assessments take into account both the content of the sustainability policy and how the bank applies it in practice. For its ESG performance, Rabobank ranks 1 out of 333 diversified banks around the world. The analysis describes the bank as “a leader on ESG issues compared to its industry peers.”
In the related risk report, Rabobank received the best score of the 294 major banks assessed. Sustainalytics concludes that the risk of Rabobank incurring financial damage due to environmental and social policy is negligible. The bank earns high scores on corporate policy, product policy, human capital and integrating ESG data into lending operations. While the scores on data privacy & security and business ethics are slightly lower, the risk remains low.
Rüter: “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.”
Find out more about our sustainability policy.