Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3 monitoring individual companies we advise, along with part of their portfolios. We will engage with companies we advise to maintain, in which clients collectively invest a minimum amount and that do not meet the required minimum standards. Our aim is to support them to become compliant with our policies. If the non-compliance continues, they are taken off our advisory list. This occurs a number of times each year. Rabobank is already a top 3 player in the distribution of sustainable investment funds, as was once more confirmed the annual assessment (Duurzaam Sparen en Beleggen 2016) by VBDO, the Dutch Association of Investors for Sustainable Development. We will also continue to actively seek opportunities to increase our assortment of sustainable investment funds. After the successful launch of a number of responsible index funds from Actiam and Northern Trust in 2015, the bank added numerous sustainable trackers and sustainable investment funds to its platform last year. These include various impact investing funds which offer our customers low-threshold access to impact investing. In such cases, the investor explicitly seeks a social return in addition to a financial return. Furthermore, Rabobank introduced a discretionary sustainable portfolio for its clients (Rabobank Beheerd Beleggen Actief Duurzaam), thereby further lowering the threshold to invest sustainably. The introduction was accompanied by a mass media campaign to inform clients about the facts and myths about sustainable investing. DLL ESG risks DLL upholds high internal and external standards of ethical behaviour. In line with these standards, we conducted an extensive ESG Risk assessment on all Global vendors in 2016. Sustainability generally and ESG Risk specifically are also included in DLL's updated Code of Conduct and Values Dialogue, through including business dilemmas to encourage open dialogue and improve ethical behaviour in running our business. Finally, DLL's Business Principles Committee also addressed several ESG Risk related topics. This committee advises DLL's Executive Board on DLLs ethical and identity course. 82 Rabobank Annual Report 2016

Rabobank Bronnenarchief

Annual Reports Rabobank | 2016 | | pagina 380