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Rabo Farm

Corporate Social Responsibility (CSR)

 

CSR framework

The fundaments for the development of Rabo Farm’s CSR policy are:

 

  • Rabobank’s sustainability policy
  • The Principles for Responsible Investment in Farmland

 

Rabobank’s core values of respect, integrity, professionalism and sustainability and Rabobank’s Food & Agribusiness Principles serve as guiding principles for the development of a sustainable Rabobank policy. The Food & Agribusiness Principles are:

 

  • Aiming for food safety and food security
  • Using natural resources responsibly
  • Promoting social welfare
  • Treating animals responsibly
  • Consumer and citizen awareness

 

Rabobank’s sustainability policy is also founded on key social and ethical issues, legislation and regulations and relevant authoritative external guidelines and principles.

 

To underline its commitments towards responsible investing Rabo Farm is a signatory to the UN Principles for Responsible Investment (PRI). The Principles for Responsible Investment in Farmland (known as the ‘Farmland Principles’) were designed to guide institutional investors who wish to invest in farmland in a responsible manner. The five Farmland Principles are:

 

  • Promoting environmental sustainability
  • Respecting labour and human rights
  • Respecting existing land and resource rights
  • Upholding high business and ethical standards
  • Reporting on activities and progress towards implementing and promoting the Principles

 

CSR in practice at Rabo Farm

Rabo Farm has exhaustive CSR procedures to ensure that Environmental, Social and Governance (ESG) factors are properly addressed in all phases of the investment cycle. An appropriate ‘Social and Environmental Management System’ has been established as part of Rabo Farm’s overall management system. The objective of such a system is to:

 

  • Select those ESG elements that are relevant to the geographical scope of the fund
  • Adopt a mitigation hierarchy to anticipate and avoid, or if the latter is not possible, to minimise risks to and impacts on workers, affected communities and the environment
  • Identify and evaluate environmental and social risks and impacts of the investments made
  • Define a set of policies and objectives for social and environmental performance
  • Establish a management programme to achieve these objectives
  • Monitor performance by measuring it against these policies and objectives
  • Report results appropriately
  • Review the system and outcomes, striving for continuous improvement

 

We establish long-term relations with our stakeholders and ensure that any grievances from affected communities and external communications from other stakeholders are responded to and managed appropriately.

 

Drawing on the elements of the established business management process of “plan, implement, check, and act”, the system makes a thorough assessment of potential social and environmental impacts and risks from the early stages of considering an investment, and provides order and consistency to mitigate and manage these impacts and risks on an ongoing basis.