Potential offtaker

Cooperatieve Rabobank U.A.

www.rabobank.com

Estimated electricity consumption

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Countries of production presence

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Cooperatieve Rabobank U.A. is a Dutch bank that operates in the retail banking sector. The bank was founded in 1898 and has its headquarters in Utrecht, Netherlands. Rabobank is a cooperative bank, which means that it is owned by its members who are farmers, horticulturists, and other entrepreneurs in the agricultural sector. The bank has a strong focus on sustainability and has made significant efforts to decarbonize its operations and support the transition to renewable energy.

Decarbonization is a key priority for Rabobank, and the bank has set ambitious targets to reduce its carbon footprint. In 2020, the bank announced that it would reduce its carbon emissions by 49% by 2030 compared to 2018 levels. To achieve this target, the bank is implementing a range of measures, including reducing energy consumption in its buildings, promoting sustainable transport, and increasing the use of renewable energy.

Corporate energy is another area of focus for Rabobank. The bank has implemented a range of measures to reduce energy consumption in its buildings, including the installation of energy-efficient lighting and the use of smart building management systems. In addition, the bank has implemented a range of measures to promote sustainable transport, including the provision of electric vehicle charging points at its branches and the promotion of cycling and public transport.

Corporate power purchase agreements (PPAs) are another important tool that Rabobank is using to support the transition to renewable energy. PPAs are contracts between a renewable energy generator and a corporate buyer, in which the buyer agrees to purchase a certain amount of renewable energy from the generator over a specified period. Rabobank has signed a number of PPAs with renewable energy generators, including wind and solar projects, to help support the development of renewable energy infrastructure.

Renewable energy is a key focus area for Rabobank, and the bank has made significant investments in this area. In 2019, the bank announced that it had invested €1 billion in renewable energy projects, including wind and solar projects in Europe and North America. The bank has also established a dedicated team to focus on renewable energy investments, and has set a target to increase its lending to renewable energy projects to €2 billion by 2020.

In addition to its focus on sustainability, Rabobank is also committed to supporting its customers and the communities in which it operates. The bank offers a range of products and services to help its customers manage their finances and grow their businesses, including loans, savings accounts, and insurance products. The bank also provides a range of financial education programs and support services to help its customers make informed financial decisions.

Overall, Cooperatieve Rabobank U.A. is a leading player in the retail banking sector in the Netherlands, with a strong focus on sustainability and renewable energy. The bank has set ambitious targets to reduce its carbon footprint and support the transition to renewable energy, and has made significant investments in this area. In addition, the bank is committed to supporting its customers and the communities in which it operates, and offers a range of products and services to help its customers manage their finances and grow their businesses.

✓ Declared Net Zero commitment