Sustainalytics: Rabobank maintains number one position among diversified banks
Sustainalytics, a leading global ESG research and ratings provider, has updated its Environmental Social Governance (ESG) Risk Rating for Rabobank. In line with their methodology for rating the sustainable performance of Diversified Banks, Rabobank is ranked first out of 397 companies in the subindustry for the third consecutive year.
Sustainalytics is the global leader in sustainability research and ratings, used especially by institutional investors. Rabobank was assessed as having overall “low risk” with “negligible risk” across several ESG issues material to banks including: ESG integration, Corporate Governance and Human Capital. The assessment takes into account both the content of the company’s sustainability policy and how Rabobank applies it in practice to, among other things, its products, services and approach to risk. Sustainalytics also measures financial inclusion, such as initiatives to promote access to financial services for disadvantaged people.
Rabobank received full points on subject areas including Corporate Finance – ESG Integration, Responsible Investment Programme and Credit & Loan Standards.
Additionally, and in comparison to 2020, Rabobank managed to improve its score on, among others, Carbon Intensity, Energy Management System (EMS) certification and disclosure of the Gender Pay Gap. Among Sustainalytics’s entire ESG assessment ratings of 13,661 companies across multiple sectors, Rabobank stands at number 160 and therefore remains the highest scoring diversified bank.
Bas Rüter, Global Head of Sustainability & Climate: “We are extremely proud to be rated again as the most sustainable bank out of 400 banks globally by the independent agency Sustainalytics . This rating proves that supporting our clients in their transition to become more sustainable is in the heart of our business. Our mission ‘Growing a better world together’ and sustainability are inextricably connected in the offering of our financing, knowledge and the deployment of our networks. It is very valuable to see that our collaboration with clients and network organizations really pays off.”
Mirjam Bos, Head Investor Relations & Rating Agencies: “Sustainability is very high on the agenda of investors and other stakeholders and Rabobank is overall being recognized as one of the frontrunners in ESG. Of course, developments in ESG are progressing fast, so we need to continue to increase our sustainability efforts in order to maintain our position as frontrunner in sustainable banking and to help clients and societies with the transition they face.”
Rabobank’s sustainability ambitions are part of the bank’s corporate strategy. Rabobank will continue to work to fully integrate sustainability into its products and services to clients globally. For more information about how Rabobank values ESG Ratings and the added value of using ESG ratings for non-listed organizations, listen to the podcast series “Walk the Talk on sustainability.”