Dutch Farm Giant Rabobank Is Pushing for Green Energy Shift

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.

Lenders are under ...