Contents Foreword Management report Corporate governance
Consolidated Financial Statements
Company Financial Statements
Pillar 3
Materiality
The report provides a clarification of the reporting topics from
the 2016 reporting year. The materiality analysis provides insight
into the choices that were made prior to the preparation of the
report, resulting in a materiality matrix. The matrix shows the
topics that require attention as they have substantial impact
on both our stakeholders and on Rabobank. All material topics
are reflected in the output section of the value creation model.
Information on the process of determining materiality is
provided in Appendix 1.
Our value creation model
The value creation model enables a transparent view of our
ability to create value over the short, medium and long term.
Our value creation begins with three key inputs: human and
social capital, intellectual capital and financial resources.
These inputs lead to our business model, including Rabobanks
mission, vision and strategy. Finally, the output and impact
section of the value creation model is structured according
to our 15 material topics derived from the materiality matrix.
Through the performance on our material topics we impact
the UN Sustainable Development Goals (SDGs). In the value
creation model we linked the material topics with specific SDGs.
For more information about our impact on the SDGs, please
refer to the chapter 'About Rabobank'.
Key inputs
These key inputs fuel our strategy and business model, allowing
us to fulfil our mission and ambition, and maximise both our
output and our impact on members, customers, the society and
our employees.
Human and social capital
With the implementation of our new strategy, Rabobank
remains focused on human capital and empowering employees
by encouraging professionalism and entrepreneurship, with
emphasis on development and training, employee diversity and
corporate culture.
As a leading customer-focused cooperative bank with 1.9 million
members, 8.7 million customers and over 45 thousand
employees, Rabobank takes its role as a socially responsible bank
seriously. We participate in many local, sector and supply chain
initiatives and support both businesses and private customers,
as we continue to actively promote sustainability.
Intellectual capital
Rabobank's intellectual capital input encompasses 120 years
of banking knowledge and expertise in food agri. We utilise
our knowledge base to offer clients innovative products and
services in line with ongoing economic changes and social
trends.
Financial resources
Rabobank offers financial resources to customers
worldwide. Our products and services include banking,
capital management, leasing, insurance and real estate.
With EUR 40.5 billion in equity, EUR 347.7 billion in amounts
due to customers and EUR 188.9 billion in wholesale funding,
Rabobank is a rock-solid bank with strong financial capital and
liquidity buffers for financial solidity and high ratings.
Rabobank will continue to follow its value creation model as
we execute on our strategy, allowing us to remain a meaningful
cooperative and a rock-solid bank our members, customers, the
society and our employees can count on.
Rabobank Annual Report
Our reports can be read on desktop, tablet and mobile devices
at rabobank.com/annualreport. Also have a look at our annual
review which gives a summary of the results we achieved in
the preceding year and reveals the added value of these results
for customers, society and employees. Our annual review is
a website featuring information and real-life stories, plus photos,
infographics, animations and videos.
For any questions on our report: jaarverslagen@rabobank.nl
8 Rabobank Annual Report 2016
