Contents Foreword Management report Corporate governance
Consolidated Financial Statements
Company Financial Statements
Pillar 3
green loans for a total amount of EUR 342 million. These green
loans where mainly issued for: organic farming, sustainable
building, green label greenhouses, nature conservation, solar
energy, wind energy and geothermal energy.
Our own efforts to reduce emissions
Rabobank continues efforts to reduce CO2 emissions per FTE
by 10%. In 2016, we joined the Carbon Disclosure Project to
publicly disclose data on our emissions usage and reduction
efforts. We also increased our green gas purchasing.
KPI: 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
2016
2015
2014
2020
target
Total CO2 emissions in tonnes CO2
180,263
182,066
198,275
Total CO2 emissions per FTE
3.7
3.5
3.6
3.2
Rabobank was again climate neutral in 2016 and is actively
reducing CO2 emissions related to its own operations.
After reducing carbon emissions by 20% per FTE between 2009
and 2013, Rabobank's goal has been an additional reduction
of 10% per FTE until 2020. As such, carbon emissions per FTE
of Rabobank would be reduced by 28% in 2020. This year,
Rabobank has moved away from target which is caused by the
quick decline in employees in the course of 2016. Therefore
despite the further reduction in CO2 emissions, the emissions
per FTE have increased. Rabobank compensates its remaining
footprint.
The target remains ambitious. In the coming years, it is
Rabobank's ambition to get closer to its clients, physically as
well as virtually. At the same time, we expect the number of
Rabobank branches to decline in the coming time. Together
with increased digitalisation, the potential increase in the
physical distance between the bank and its customers may
result in a larger demand of electricity and mobility (per FTE),
which make up almost 70% of the total climate footprint of
Rabobank. Another trend that we signal is the increasing
ambition and social dialogue regarding the integration and
calculation of the emission footprint of our clients in the
balance sheet. Supervisors are discussing this topic in a more
structural manner and Rabobank is an active participant in the
relevant working group.
Next to monitoring and reporting on our own carbon footprint,
Rabobank is following the developments of reporting standard
setters on carbon disclosure and climate change reporting.
We recognise that the potential impact of climate change and
carbon reporting through our client base is much larger than
our own footprint.
Carbon footprint DLL
DLL is currently on track to achieve its global CO2 reduction
target: a 10% reduction in CO2 per FTE by 2020 compared with
2013 figures. Based on the official Rabobank Annual Report
calculation, a reduction of 19% (CO2 total) and 24% (CO2 per
FTE) has thus far been achieved.
Green Mobility
Mobility is a key theme for both Banking for the Netherlands
and DLL. CO2 emission reduction is also a KPI in our SST
programme. Consequently, Rabobank has opted for
an environmentally friendly mobility policy, to contribute to
reducing CO2 emissions. This translates into two employee
arrangements: one for car lease and one for commuting.
Rabobank has been reducing emissions on mobility for a longer
period of time. Over 2016, carbon emissions from Rabobank's
car fleet in the Netherlands have been reduced by 2.4% CO2 per
kilometre. To invigorate further carbon emission reductions in
the area of personal mobility, Rabobank has become participant
in the Lean Green network, as first bank of the Netherlands.
In doing so, Rabobank has committed to reduce the climate
footprint of its employees by 20% per FTE within a timespan of
five years.
Car lease arrangement
Employees eligible for a lease car are restricted to a vehicle with
the CO2 deposit capped to a maximum based on their function
group. The caps are evaluated and adjusted biannually. In 2016,
opting for a lease car with a lower CO2 deposit was rewarded.
Furthermore, to encourage CO2 reductions, we offer greener
alternatives, including a mobility card for public transport for
employees with a lease car; the possibility to lease a (hybrid)
electric vehicle, rechargeable at Rabobank offices, and the
option to re-lease the vehicle.
Reimbursement of travel expenses to accommodate
commuter traffic
All employees receive a fixed, monthly travel expense
reimbursement. Next to that, employees who commute
over 5 kilometres by public transport only can opt for
a complete refund of their public transport travel expenses.
To accommodate this, Rabobank has a special arrangement
with the Dutch Railways.
96 Rabobank Annual Report 2016
