Independent Auditor's Assurance Report
Assurance report on the non-financial
sustainability information 2017
Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
To: The General Members Council and Supervisory Board of Coöperatieve Rabobank U.A.
Our conclusion
Based on our review, nothing has come to our attention that
causes us to believe that the non-financial sustainability
information included in the Annual Report 2017 of
Coöperatieve Rabobank U.A. does not present, in all material
respects, a reliable and adequate view of:
the policy and business operations with regard to non-
financial sustainability information; and
the events and achievements related thereto for the
year ended 31 December 2017, in accordance with the
Sustainability Reporting Standards of the Global Reporting
Initiative (GRI) and the internally applied reporting criteria.
Our opinion
In our opinion the indicators in Appendix 3, as well as certain
audited indicators in Appendix 2 (see below) of the Annual
Report, are prepared, in all material respects, in accordance with
the Sustainability Reporting Standards of the Global Reporting
Initiative (GRI) and the internally applied reporting criteria.
What we are assuring
The information contains a representation of the policy and
business operations of the Coöperatieve Rabobank U.A. and its
subsidiaries (hereinafter'Rabobank'or'the Bank'), regarding the
material topics as defined in Appendix 1 and the events and
achievements related thereto for 2017.
We have reviewed the information, as included in the following
sections in the Annual Report for the year ended 31 December
2017 of Rabobank. Starting from section Rabobank at a glance
on page 10 up to, and including, Our financial performance
ending on page 78, as well as the Appendix 1 and Appendix 2
and Appendix 4 up to, and including, Appendix 6 ending on
page 126.
Additionally, we have audited Appendix 3 and the following
indicators in Appendix 2:
Priority financing to sustainable front-runners and doubling
the size of front-runners
- Total sustainable financing
- Total sustainable assets under management and assets
held in custody
- Total sustainable funding
- Total financial transactions supervised by Rabobank
Clients with a sustainability client photo
- Local Rabobanks (number of assessed clients)
- Local Rabobanks of assessed clients)
- Wholesale offices (number of assessed clients)
- Wholesale offices of assessed clients)
Stimulating diversity and equality
- Gender diversity Supervisory Board
- Gender diversity Management Board
- Gender diversity Management Board -1
- Gender diversity Management Board -2
Developing human capital and talent management
- Organizational Health Index
Increase reputation
- RepTrak score
Community not-for-profit investments
- We support social initiatives in the communities in which
we operate with manpower, knowledge, networks and
facilities and we invest the equivalent of 3% of our annual
profit in social initiatives on a not-for-profit basis through
the Rabobank Group and the Rabobank Foundation
- By 2020, we will be supporting 500 new local collective
community-based initiatives achieving business success in
the Netherlands (cumulative)
Stimulate and enhance sustainable food and agriculture
- Number of published value chain visions (cumulative)
- Number of value chains for which we participate in a
roundtable or similar initiative
- Number of supported small-scale farmers in developing
countries in the year
Reduce C02 emission
- Total C02 emissions in tonnes
- Total C02 emissions per FTE
Rabobank Annual Report 2017 - Company financial statements
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