Rabobank
Your money is most likely funding the climate crisis.
Rabobank is one of the top 60 world’s biggest funders of fossil fuels*. In the 7 years since the Paris Agreement, the banks in this category have funneled $5.5 trillion into coal, oil, and gas, rapidly accelerating the climate crisis.
While you’ve been stashing away money for a car or a weekend get-away, Rabobank has been using your savings to lend to some very questionable fossil fuel friends.
And it's not just a little here and there, we’re talking about $ 13.9 billion USD in the 7 years since 197 countries agreed to drastically reduce their greenhouse gas emissions in the Paris Agreement. Rabobank has significant experience in financing major fossil fuel business in Europe.
Banks don't publish all of their lending information, but we can see that this bank has positioned itself well to fund fossil fuels. We can also see that it's taken the bare minimum approach to climate positive actions like measuuring and disclosing its total emissions or stating that it doesn't fund fossil fuels. We've therefore rated it bad.
Your bank is ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
Start to Bank Green Today
Banks live and die on their reputations. Mass movements of money to fossil-free competitors puts those reputations at grave risk. By moving your money to a sustainable financial institution, you will:
Send a message to your bank that it must defund fossil fuels
Join a fast-growing movement of consumers standing up for their future
Take a critical climate action with profound effects
