- TIS (potentially significant adverse effect). A number of projects have a B classification (potentially limited adverse effect).The other projects have a C classification (potentially minimal to no adverse effect). Project classification under Equator Principles A 2010 2009 2008 2007 B 13 11 9 11 C 11 2 7 Total 24 13 16 11 In Europe, REIF was involved, for instance, in two large-scale offshore wind projects, C-Power II and III in Belgium and the Borkum Project in Germany. The project finance for C-Power is the largest ever issued; it shows that Rabobank is willing to support financially and technically sound projects. REIF experienced firm growth in the US and Canada, where both onshore wind energy projects and solar energy projects were funded. In Asia, REIF funded a project in China in collaboration with IFC. A Profundo survey of banks' involvement in investments in renewable energy, which was commissioned by De Eerlijke Bankwijzer (Fair Bank Guide), showed that Rabobank has made considerably more investments in renewable energy than any other surveyed bank over the past two years. Better Cotton Programme In 2009, Rabobank launched the innovative Fast Track Better Cotton Programme in collaboration with IDH, ICCO, IKEA, Levi's, M&S, H&M, ECOM, Solidaridad and the Worldwide Fund for Nature (WWF).The purpose of this programme is to transform the cotton market and to make organic cotton a commercial, sustainable product, the goal being one million tons of sustainably produced cotton by 2015. This will bring about a major reduction in the climate footprint of cotton production and will greatly improve the standard of living of hundreds of thousands of poor cotton farmers. Both public and private partners are investing heavily in the programme, having committed themselves for the next five years. As part of the programme, Rabobank Foundation, IDH and ICCO have set up an innovative Fast Track Fund to match investments by the corporate sector in the production of BCI cotton. The first projects were initiated in India and Pakistan in 2010. More than 20,000 farmers were trained to grow their cotton in accordance with the Better Cotton principles. This has resulted in the first Better Cotton crop and sales of 40,000 tons. Growth in Rabobank International's food and agri portfolio Lending at Rabobank International is aimed at the top end of the corporate market in the Netherlands and at the food and agri sector internationally.Total private sector lending at Rabobank International increased by 6% in 2010, rising to EUR 99.1 (93.4) billion. In the Americas, lending was up 12% to EUR 39.7 (35.3) billion. Most of this increase was attributable to currency effects. Non-core activities in countries other than the Netherlands were further scaled down on account of the international focus on the food and agri sector. The volume of the food and agri sector showed further growth in 2010, increasing to EUR 44.1 (36.1) billion. This brought the food and agri share of the total portfolio to 44.5% (38.6%). Loans to trade, industry and services (TIS) fell by 7% to EUR 49.7 (53.2) billion. Loans to private individuals stood at EUR 5.4 (4.1) billion. Loan portfolio by sector in billions of euros Food and agri Private individuals 120 100 60 20 0 2006 2007 2008 2009 2010 Loan portfolio by region year-end 2010 America Europe excluding the Netherlands Australia and New Zealand Netherlands Asia 38 Annual Report 2010 Rabobank Group

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Annual Reports Rabobank | 2010 | | pagina 39