Rabobank

Rabobank's reported carbon emissions

Rabobank, headquartered in NL and operating in financial intermediation services (excluding insurance and pension funding), has reported its carbon emissions for several years. For 2025, the bank's total emissions were approximately 73.7 million kg CO2e, comprising about 12.2 million kg CO2e from Scope 1 (mobile combustion) and approximately 4.6 million kg CO2e from Scope 2 (purchased electricity). Scope 3 emissions for 2025 were around 17.6 million kg CO2e, primarily from business travel. In 2024, Rabobank's total emissions were approximately 69.1 million kg CO2e, with Scope 1 emissions at about 11.6 million kg CO2e and Scope 2 at around 6 million kg CO2e. Scope 3 emissions for business travel were approximately 28.2 million kg CO2e. The bank's climate commitments focus significantly on Scope 3 financed emissions, which stem from customer activities and represent the vast majority of its overall impact. Rabobank employs a four-step approach to address these emissions. This includes building an understanding of customer emissions through data collection and analysis using the Partnership for Carbon Accounting Financials (PCAF) standard. The bank also identifies science-based sectoral decarbonisation pathways and sets emission-reduction targets for material sector and region combinations within its portfolio. Implementation plans are developed to achieve these targets, addressing both emissions reduction and climate-related physical risks. Finally, Rabobank assesses the effectiveness of its actions to ensure accountability and transparency. For 2023, Rabobank reported Scope 3 emissions totalling approximately 46.9 billion kg CO2e and Scope 1 and 2 emissions of about 73 million kg CO2e. In 2022, Rabobank reported total emissions of approximately 58.1 million kg CO2e. This included Scope 1 emissions of around 19.8 million kg CO2e (with mobile combustion at about 12.4 million kg CO2e and stationary combustion at approximately 4.4 million kg CO2e), and Scope 2 emissions of approximately 26.6 million kg CO2e (with purchased electricity accounting for about 26.1 million kg CO2e). Scope 3 emissions for 2022 included business travel at approximately 10.5 million kg CO2e and purchased goods and services at about 1.2 million kg CO2e. In 2021, total emissions were approximately 58.2 million kg CO2e. Scope 1 emissions were around 18.5 million kg CO2e (mobile combustion: 9.9 million kg CO2e, stationary combustion: 6.4 million kg CO2e), and Scope 2 emissions were about 35.5 million kg CO2e (purchased electricity: 34.9 million kg CO2e). Scope 3 emissions for business travel were approximately 3.7 million kg CO2e, and for purchased goods and services, about 396,000 kg CO2e. For 2020, total emissions were approximately 160.6 million kg CO2e, with Scope 1 emissions at about 21.7 million kg CO2e (mobile combustion), Scope 2 at approximately 15.2 million kg CO2e (purchased electricity), and Scope 3 business travel at about 34.4 million kg CO2e. In 2018, Rabobank reported total emissions of approximately 144.3 million kg CO2e. Scope 1 emissions were around 35.2 million kg CO2e (mobile combustion: 21.7 million kg CO2e, stationary combustion: 11.4 million kg CO2e), Scope 2 emissions were about 84.9 million kg CO2e (purchased electricity: 83.9 million kg CO2e), and Scope 3 business travel was approximately 23.3 million kg CO2e. Rabobank's stated long-term reduction target, spanning from 2023 to 2050, aims for a 3.0% reduction, specifically targeting Scope 3 upstream emissions. The bank's approach involves building an understanding of financed emissions, identifying science-based decarbonisation pathways, developing implementation plans, and assessing effectiveness.