Our commitment
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
Dialogue and cooperation with fund houses
A survey by Rabobank Private Banking of thirty fund houses
with which the bank cooperates shows that the issue of climate
change is now on the radar of most fund managers. Yet there
are large differences in the implementation. Rabobank will
start a dialogue with asset managers about this. The goal here
is to get the issue of climate change entrenched into their
investment process. This can take many forms: for example the
formulation of a climate policy, measuring the C02-intensity
of portfolios or entering into dialogue with companies that
are really lagging behind with their efforts to reduce their
environmental impact. Our experience is that just asking
such questions leads to awareness and new initiatives for
fund houses.
Rabobank will also continue to actively seek opportunities to
preserve the assortment. Thus in 2015 the bank was a launching
customer of a number of responsible index funds from
Actiam and Northern Trust. These funds offer customers the
opportunity to invest inexpensively and in a socially responsible
manner. For example, these index funds exclude manufacturers
of controversial weapons, as well as companies that seriously
infringe the UN Global Compact principles on corporate
responsibility. Last year Rabobank also teamed up withTriodos,
which resulted in theTriodos Multi Impact Fund.The fund offers
customers a low threshold access to impact investing: here the
investor explicitly seeks a social return in addition to a financial
return.
Our ambition for 2020
Our contribution to sustainable development is provided by
professional staff who consider the topic to be an obvious part
of customer service. We encourage and support our employees
to continuously develop themselves in the area of sustainability,
allowing us to stand out in daily collaboration with our
customers. We integrate sustainability into our in-house
business operations and communicate transparently about
our vision and activities. So we are publicly accountable and
contribute to the public debate on sustainable development.
The following KPIs contribute to these ambitions.
Progress in 2015
Forthe theme of Our Commitment, we look at the efforts
Rabobank has made in the field of sustainable development.
This includes the sustainability of our own operations,
purchasing and consumption for example, but also how our
efforts are assessed in the Netherlands. We also want to embed
the issue into recruitment and into staff training. We then askfor
their views on the identity of Rabobank and finally we mention
the external appreciation we received for sustainable activities.
These subjects are explained below in this section, in that order.
In 2015, we began to assess our suppliers' sustainability profiles
in purchasing processes, based on IS026000. We have also had
ourselves assessed.This was done by FIRA, the independent
platform focused on making Dutch companies' sustainability
performance transparent. We are seeing a challenge arising in
the desired C02 reduction per FTE, considering the announced
reduction in the number of employees and the increasing
virtualisation.
In addition, we began to measure the public perception in
the Netherlands regarding our contribution to sustainable
development and asked employees about their satisfaction
with our cooperative characteristics. We received recognition
from independent rating institutions that appreciate us for our
sustainable efforts.
Results in 2015
KP111 By increasing energy-efficiency and by reducing and making
mobility and other services more sustainable, we aim to
further reduce carbon emissions per FTE per year by 2020 by
10% from 2013.
Results
Carbon footprint
2015
2014
2020 target
total C02 emissions
182,066
198,275
total C02 emissions per FTE
3.5
3.6
3.2
68 Rabobank Annual Report 2015
