Rabobank, officially known as Rabobank Group, is a prominent Dutch financial institution headquartered in Utrecht, Netherlands. Renowned within the commercial banking sector, Rabobank primarily serves clients across the Netherlands and has a significant international presence, particularly in Europe and North America. Founded in 1970 through the merger of several regional cooperatives, the bank has a longstanding history of supporting agricultural and rural communities, which remains central to its identity.
Specialising in retail banking, wholesale banking, and asset management, Rabobank distinguishes itself through its cooperative structure and focus on sustainable finance. Its core products include business loans, savings accounts, and specialised financial services tailored to agribusinesses and local enterprises. Recognised for its stability and innovative approach, Rabobank holds a strong market position in the Dutch banking landscape and is noted for its commitment to responsible banking practices.
+3 vs industry average
Rabobank’s score of 60 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Commercial Banking is among the least carbon-intensive industries
Industry performance
The Commercial Banking industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Rabobank's reported carbon emissions
Rabobank, headquartered in the Netherlands and operating in the commercial banking sector, is committed to climate action. For the reporting year 2025, Rabobank reported total emissions of approximately 73.7 million kg CO2e, encompassing Scope 1, 2, and 3 emissions. Scope 1 emissions were around 12.2 million kg CO2e (mobile combustion), Scope 2 emissions were about 4.6 million kg CO2e (purchased electricity), and Scope 3 emissions totalled approximately 17.6 million kg CO2e (business travel).
In 2024, total emissions stood at approximately 69.1 million kg CO2e. This included Scope 1 emissions of around 11.6 million kg CO2e (mobile combustion), Scope 2 emissions of approximately 6.0 million kg CO2e (purchased electricity), and Scope 3 emissions of about 28.2 million kg CO2e (business travel).
For 2023, Rabobank reported Scope 3 emissions of approximately 46.9 billion kg CO2e and Scope 1 and 2 combined emissions of about 73 million kg CO2e.
Looking back to 2022, the bank's total emissions were approximately 58.1 million kg CO2e. This comprised Scope 1 emissions of about 19.8 million kg CO2e (including mobile and stationary combustion), Scope 2 emissions of approximately 26.6 million kg CO2e (primarily purchased electricity), and Scope 3 emissions of around 10.5 million kg CO2e (business travel). In 2021, total emissions were approximately 58.2 million kg CO2e, with Scope 1 at about 18.5 million kg CO2e, Scope 2 at roughly 35.5 million kg CO2e, and Scope 3 at approximately 3.7 million kg CO2e.
Rabobank's climate strategy focuses on addressing financed emissions, which represent the vast majority of its impact (Scope 3, categories 13 and 15). The bank employs a four-step approach, utilising the Partnership for Carbon Accounting Financials (PCAF) standard. This involves understanding customer emissions, identifying science-based sectoral decarbonisation pathways, setting emission-reduction targets for material sector-region combinations, developing implementation plans, and assessing the effectiveness of actions. Rabobank has set long-term reduction targets, aiming for a 3.0% reduction by 2050 across upstream Scope 3 emissions, starting from 2023.
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Rabobank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Rabobank
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