Strategy and targets
Issue management
Focus on financial services
Unknown risks in
development at sea"
"The development of sea wind
farms entails unknown risks
because construction conditi
ons at sea are less predictable
than on the mainland. It's good
then to have non-recourse-
financing, although one of the
logical consequences is that
you can apply only proven
technologies. We cannot use
the latest state-of-the-art but
as yet unproven wind turbines
because the bank insists on
security. One thing is for sure
though: this transaction will
speed up the further develop
ment of offshore wind farms in
Western Europe."
Jaap Groenhof, director Energy
Investments Holding BV.
Further strengthening of Rabobank's identity and reputation as a
cooperative bank that is highly committed and focuses on sustainability.
Stronger market orientation of corporate social responsibility (CSR)
through accelerated integration of CSR criteria in the lending process.
- Sales growth in CSR products and services.
- Further expansion of the Rabobank Development Program.
- Further reduction of the environmental impact by actions.
Corporate social responsibility 93
2006 was characterised by the shaping of issue
management, i.e. identifying and dealing
properly with social trends. Rabobank used
the trends and issues identified to formulate
targets, establish key performance indicators
and assign new focus areas in its CSR policy. In
order to do this properly, a proactive dialogue
with various stakeholders was held, including
eighteen in-depth interviews with stakeholders
in 2006.
Nearly all of Rabobank's stakeholders in the
area of CSR consider 'embedding sustainable
development in financial services' as the most
