Finance
Dutch Farm Finance Giant Is Pushing for a Green Energy Shift
- Rabobank plans to boost its exposure to renewable sector
- Strategy shift comes amid industrywide race to cut emissions
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Rabobank is making the energy transition a core part of its strategy as the Dutch lender -- better known for its hard-to-decarbonize food and agriculture business -- seeks ways to reduce emissions.
The plan includes boosting financing for renewable energy by as much as 30% a year to 2025 as the energy transition offers “a real opportunity,” said Wiebe Draijer, chair of the managing board. The bank, which also has 190 billion euro ($217 billion) mortgage business, is also increasing the share of energy-efficient homes it lends to and lowering the energy intensity of its managed funds.