3.5%
O^O
Cooperative dividend
Sustainability
Based on the targets set out in the strategy and the Key Performance Indicators (KPIs) we
drafted, we have listed our accomplishments for 2014 below.
64.8 million euros
of net profit
in comparison to
the target of 3%
of net profit
Objective: Strengthening the vitality of communities
KPI:
KPI:
We support social initiatives in the communities in which we are active through
manpower, knowledge and research, networks, facilities and annual investments in
not-for-profit social projects, which together constitute 3% of our net profit.
By 2020, we will support a total of 1,000 new collective local social initiatives in
achieving business success, including 500 in the Netherlands and another 500 in
developing countries.
Status as at year-end 2014:
We invested EUR 64.8 million in not-for-profit social projects, representing 3.5% of our total
net profit for 2014.
At year-end 2014, we supported more than 400 international projects through the Rabobank
Foundation, involving a total of 300 project partners, the majority of which are production
cooperatives and savings and loan cooperatives spread across 29 countries.
Through our involvement in WeHelpen, we support people who need assistance and
volunteers willing to provide such assistance.
We support citizens' initiatives through our local Rabobanks, giving priority to projects
devoted to solar energy, care for the elderly and internet access.
No reliable quantitative data were available to calculate the number of collective local social
initiatives supported by Rabobank at the time of publication of this annual report; we are
currently developing a reporting process which will allow us to report on the progress we make
in terms of numbers. For background information on the current status of the issue of
'strengthening vital communities', please refer to the section on 'Meaningful Cooperatives'.
We participate in 7 round tables
dedicated to sustainability
Palm oil
Soy
Beef
Biomaterials
Salmon
Sugar
Coffee
Objective: Sustainable agriculture and food supply
KPI: We formulate our views on opportunities to improve the sustainability of agricultural
value chains for soy, palm oil, cane sugar, forestry, beef, dairy, fish, coffee, cocoa and
biomaterials. We share these views with the outside world and actively participate in
roundtable meetings or similar initiatives in order to ensure that sustainability is
achieved sooner in these agricultural value chains and work together with our
customers to help them successfully integrate the results of these discussions into
their business operations.
KPI: We actively contribute to improving agricultural value chains because sustainability
is an integral part of how we view sectors and industries. We share this knowledge in
our communications with our customers.
Status as at year-end 2014:
Palm oil and soya are key sectors, and Rabobank's clients include leading producers,
processors and traders in these agricultural commodities.
We participate in seven roundtables dedicated to sustainability and share the knowledge
we acquire through this participation with our clients.
We were elected chair of the Round Table for Responsible Soy (RTRS) and joined
the 4C Association, an umbrella organisation for coffee certification.
We were involved in a large number of seminars and training courses, including the Seafood
Expo in Boston.
Read more about this subject here.
27 Customer focus
