Appendix 3 Sustainability Facts Figures
About this
Report
Chairman's
Foreword
Corporate
Management Report Appendices Governance
Consolidated Financial Company Financial
Statements Statements
Equator Principles
The Equator Principles (EP) is a framework for risk management
by financial institutions for determining, assessing and managing
social and environmental risks in projects and project financing.
Rabobank was one of the first banks to subscribe to the EP when
it was adopted in 2003. For those financial products that fall
within the scope of the EP, in addition to complying with our
sustainability policy, we ask clients to bring into focus and
address relevant environmental and social risks according to the
associated standards outlined in the EP.
Within Rabobank the relationship managers and the central
sustainability department are responsible for the correct
implementation of the EP. As part of the sustainability assessment
of our clients, all transactions are checked for applicability of the
EP. When clients applies for a new transaction, a checklist is
completed to ensure the correct application of the principles.
This checklist must be signed by the Sustainability Department
before the transaction can be executed.
We conduct a Social and Environmental Assessment for each
proposed project. The terminology used to categorize the
projects is based on the International Finance Corporation's
categorization process, which classifies projects into high,
medium and low (environmental and social) risk.
The categories are:
Category A - Projects with potential significant adverse social or
environmental impacts which are diverse, irreversible or
unprecedented;
Category B - Projects with few potentially limited adverse social
or environmental impacts, generally site-specific, largely
reversible and readily addressed through mitigation measures;
Category C - Projects with minimal or no social or environmental
impacts.
The total number of project loans granted in 2018 was 17 which
was distributed as follows:
Category A Category B Category C Project Names
Sector
Zonnepark Budel
Mining
Valhalla
Infrastructure
1
Eurus Spui
Oil Gas
Levvel
Power
15
1 Blauwwind
Others
Big Zlatan
Region
W2C
Americas
6
BLAFA
Europe, Middle East Africa
10
Northwester
Asia Pacific
SeaMade
Country Designation
Designated
Non-Designated
Independent Review
16
Windpark Deil
Trishe Wind
1
Invenergy Pine River
Canadian Breaks
Phoebe
1
Grasshopper
Santa Rita East
1
Yes
No
Totals
15
1
16
Annual Report 2018 - Appendices
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