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.
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Rabobank Annual Report 2016