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Why is CSR (Corporate Social Responsibility) so important?

• The continuity (survival) of our Planet Earth is in danger;

• As citizens, as well as in our private life as in our functional role, we are responsible for the continuity (survival) of ‘Mother Earth’.

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• We need another way of thinking and acting as citizens (private individuals);

• The priority has to be avoiding causes of problems in stead of fighting with the consequences of our own behaviour/attitude. For example: we are fighting with the consequences of climate change in stead of avoiding the causes (f.e. producing less CO2-

emission)

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What could be the role of the Financial Sector in relation to CSR?

• The Financial Sector means: banks, insurance companies, pension funds and asset managers;

• Developing new products and services for their clients to contribute to CSR-behaviour;

• Partnering in covenants, alliences, partnerships et cetera in achieving CSR-goals;

• Developing sectoral guidelines, conditions et cetera for credit policies.

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What kind of products and services?

• Green financing;• Sustainable/ethical asset management;• Incurance polices;• For the carbon market:

- trading in tradable emission rights;- financing of/investing in bio-energy products.

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Is CSR real business and commercial ‘viable’?

YES!!

• Being frontrunner in stead of follower in developing new markets by selling these new products and services related to CSR means a commercial advantage;

• If citizens as consumers are using their ‘market-power’ they can play an important role in changing market positions of companies, of course also within the financial sector.

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CSR is (also) ‘managing dilemma’s’!

• Long term goals versus those at short term;• High financial returns versus ‘social’ returns;• Ethical norms and standards versus ‘deal-

driven business’.

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How do we organise (and execute) CSR within Rabobank?

GreenBanking

Sustainable

Developments

Funds Ethics and Issue

Management

CorporateSocial Responsibility

Division

Staff

• Green Management• Rabo Green Bank • Rabo Innovation Capital Fund

• (Strategic) Sustainable Developments

• Internal Environmental Care

• Sustainable Asset Management

• Climate Change

• Secretariat• Communications• Control

• Rabobank Foundation (national)• Project Fund for member issues• Herman Wijffels Fund

RabobankFoundation

(international)

SocietalFunds