Paper reduction lags behind target Targets for 2005 61 Rabobank Group Annual Report 2004 Corporate social responsibility countries. It started off with EUR 25 million in investment capital. Ten out of the fifteen developing countries are now known. They are Brazil, Bolivia, China, Egypt, India, Indonesia, Mozambique, Peru, Tanzania and Vietnam. The RIAS consultancy service is part of this new entity. The Rabobank Foundation, which celebrated its 30th anniversary on 12 May 2004, helps in setting up savings and loan co-operatives by providing advice and financial resources. It also provides trade financing to agricultural co-operatives. According to World Wildlife Fund calculations, the average office worker uses one tree a year in paper. For the entire Rabobank Group, this would be 55,000 trees a year. The target 10% reduction in paper use was not met in 2004. In the year under review, the reduction was 7%. Procurement of green energy In 2004 a framework contract was concluded for Dutch offices of Rabobank Group, under which more than 1,300 locations within Rabobank Group will receive 100% green power as from 2005. The power is generated by windmills in the Netherlands, which are financed by Rabobank. This contract means a reduced environmental impact. In addition, joint procurement yields sizeable cost savings. Targets for 2005 include: - Strengthening Rabobank's positioning as a bank with CSR high on its agenda, by leveraging its range of sustainable products and services. - Further embedding CSR criteria in the loan process throughout the organisation. - Enhancing corporate social responsibility in the form of voluntary work, corporate citizenship and, where relevant, an active dialogue with stakeholders. - Introducing programmes aimed at sustainable operations, such as 100% green power, another 10% paper reduction, environmentally- friendly mobility and sustainable procurement policies. - Reviewing the car leasing policy, so that cars may be leased only if they meet certain fuel economy criteria. More information on Rabobank Group's CSR policy and activities can be found in the Annual Responsibility and Sustainability Report 2004. This report is available on the Internet. The Internet version complies with the Global Reporting Initiative guidelines. In addition, examples of interesting projects initiated by local banks and Group entities can be found on the Internet. See www.rabobank.com

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Annual Reports Rabobank | 2004 | | pagina 61