Contents Foreword Management report Corporate governance
Consolidated Financial Statements
Company Financial Statements
Pillar 3
Equator Principles
The Equator Principles (EP) is a framework for risk management
by financial institutions for determining, assessing and
managing social and environmental risks in projects and project
financing. Rabobank was one of the first banks to subscribe
to the EP when they were adopted in 2003. In addition to
our sustainability policy and for the financial products falling
within the scope of the EP, we ask our customers to bring into
focus and address relevant environmental and social risks in
accordance with the relevant standards as stated in the EP
Within Rabobank the relationship managers share responsibility
with the central sustainability department for the correct
implementation of the EP As part of our sustainability
assessment of the customer, all transactions are checked for
applicability of the EP When the EP apply to a new transaction,
a checklist is completed to ensure the correct application of the
principles. This checklist should be signed by the sustainability
department before the transaction can be executed.
We conduct a Social and Environmental Assessment for each
proposed project. The terminology to categorise the projects is
based on the International Finance Corporation's categorisation
process, and classifies projects into high, medium and low, in
terms of environmental and social risk.
The categories are:
Category A - Projects with potentially significant adverse
social or environmental impacts which are either diverse,
irreversible or unprecedented;
Category B - Projects with potentially limited adverse social
or environmental impacts which are few in number, generally
site-specific, largely reversible and readily addressed through
mitigation measures;
Category C - Projects with minimal or no social or
environmental impacts.
The total number of project loans granted in 2016 was 30.
The distribution is as follows:
Distribution of project loans
Sector Category A Category B Category C
Mining - - -
Infrastructure - - -
Oil Gas - - -
Power - 30 -
Others - - -
Region
Americas - 24 -
Europe, Middle East Africa - 6 -
Asia Pacific - - -
Country Designation
Designated - 30 -
Non-Designated - - -
Independent Review
Yes - 30 -
No - - -
Totals - 30 -
Project names
Cloosh Valley Wind Farm
Sandstone Solar
Mojave West
Adera Solar
Citizen Solar
Electra wind project
Broadview wind project
Western Antelope Blue Sky Ranch B
Summer Solar Project
North Lancaster Ranch
Elevation Solar C
Central Antelope Dry Ranch B
Antelope Big Sky Ranch
Solverde 1
Western Antelope Dry Ranch
Antelope DSR 1
Antelope DSR 2
Merkur
Zulu
Beacon 1
Beacon 3
Beacon 4
Bethel Wind Farm
Deerfield Wind Project
Fluvanna Wind Energy
Norther
Pears
Rentel
Project Company BuildCo Phase II
SolaireHolman 1
130 Rabobank Annual Report 2016
