Rabobank: ‘mixed feelings’ about the role in the nitrogen crisis

“With today’s knowledge, you would have behaved very differently in the past,” Rabobank told Trouw. The scaling up was “initiated by the government, and ultimately it’s about helping farmers take a step back and protect nature.”

Rabobank has been financing the expansion of livestock farming for years, even though it is known that this is harmful to the environment. The bank adhered to government rules, which have repeatedly delayed measures, but critics say that doesn’t mean it’s innocent.

Farmers are less angry

“If Rabobank had made a different choice ten years ago, the nitrogen crisis would now be less severe and there would be fewer angry farmers,” says Rens van Tilburg, director of the Sustainable Finance Lab. Rabobank’s current approach is also a source of criticism. It must take the initiative to change agriculture.

Source: RTL

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