Triodos Bank N.V..
TRIO.UNLISTED | Other monetary intermediation
Triodos Bank N.V. is a Dutch bank that provides sustainable and ethical banking services. It focuses on financing organizations and projects that benefit people, the environment, and culture. The bank offers a range of financial products and services, including current accounts, savings accounts, mo...Show More
Better Health for All
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Triodos Bank's core business involves financing organizations and projects that benefit people, the environment, and culture. This includes financing medical centers offering complementary health services and care for the elderly and terminally ill.
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The bank also finances organic farming, which avoids pesticides and chemical fertilizers, and provides food that is better for a balanced and healthy diet.
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Additionally, its financing of emission reduction projects contributes to improved air and water quality, offering co-benefits for health.
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These activities indicate that a significant majority of its financed portfolio delivers health benefits. Regarding harmful revenue, Triodos Bank has an exclusion policy for the fossil industry.
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It applies a 0% revenue threshold for oil and gas power generation in business banking, private debt, and equity exposures.
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However, for listed equities and corporate bonds, a threshold of 5% of company revenue applies, and for the retail of petrol, a 10% threshold of company revenue applies.
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This means that some financed activities may derive up to 10% of their revenue from activities with negative health outcomes. For mental health, Triodos Bank UK signed the Time to Change: Mental Health Action Plan pledge, and more than 20% of its co-workers are trained as mental health first aiders.
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The bank also highlights the importance of access to nature for mental and physical wellbeing, encouraging short walks in nature to cope with anxiety and improve mood.
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While the bank finances food systems that nourish communities and projects that improve air and water quality, there is no specific data on the percentage of health-related expenditure allocated to preventative measures. Similarly, while the bank's financing emphasizes community involvement and education,
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there is no specific data on investment in health literacy or public health education initiatives.
Fair Money & Economic Opportunity
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Triodos Bank's investment funds report that 70% of their borrowers are women and 57% are rural, demonstrating a strong focus on underserved client segments.
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The bank offers loans at reduced interest rates and lower collateral requirements for SMEs in the Netherlands, Belgium, Spain, and Germany.
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Triodos Bank UK has removed overdraft facilities from its personal current account product.
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The bank's inclusion lending, through its funds, accounts for 25% of the portfolio, with 3.9 million agricultural loans and 223,000 affordable housing loans.
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The bank is working on digital product enhancements, including over 30 changes to its mobile banking app, and plans to link with contactless payment providers in 2025.
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20% of the bank's investees have at least bronze level Client Protection Pathway certification, and loan officers are trained on fair lending practices.
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Microfinance, supported by Triodos, improves the quality of life for 89% of end clients and increases financial resilience.
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Triodos Bank UK made £66,332 in charitable donations in 2024.
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60% of the bank's investees provide financial literacy training.
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The bank monitors customers' ability to cover debt repayments, with a total ECL provision of £6.2 million as of December 2024.
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Triodos Bank operates in 5 European countries for banking activities and 81 countries worldwide for investment management, with 57% of borrowers in rural areas through its funds.
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The bank is focused on further simplification of activities and digitalization.
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Fair Pay & Worker Respect
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The ratio of the highest paid co-worker to median salary for Triodos Bank was 4.9:1 in 2023.
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In 2023, 78.8% of co-workers were covered by collective bargaining agreements.
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An external analysis for Triodos Bank Group in 2024 indicated equal pay for work of equal value after adjusting for variables.
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For Triodos Bank UK, the mean gender pay gap was 14.1% in 2024, and the median gender pay gap was 12.8% in 2024, both significantly below the UK financial services sector average.
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The co-worker engagement score for Triodos Bank was 7.4 out of 10 in 2023, with a 78% response rate to the annual survey.
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Voluntary employee turnover for Triodos Bank was 10% in 2023.
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In 2023, 82 out of 1,851 co-workers were on fixed contracts, representing approximately 4.4% of the workforce.
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Fair Trade & Ethical Sourcing
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Triodos Bank N.V. is a financial institution that provides banking services and finances organizations and projects. Its core operations do not involve procuring or trading physical commodities, nor does it have a supply chain for physical goods that would require fair-trade certifications, multi-tier traceability, or sourcing of high-risk materials. Therefore, all KPIs related to the procurement and sourcing of physical goods are not applicable to its direct operations. While allegations of underpayment, discrimination, falsified timesheets, and unfair dismissals were reported at Biosabor, a company financed by Triodos, these were not substantiated forced- or child-labour findings for Triodos Bank itself.
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No specific data on audit frequency, remediation speed, or the percentage of supplier contracts with enforceable ethical clauses is provided for Triodos Bank's own operations.
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Honest & Fair Business
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Triodos Bank was issued a warning by the Dutch central bank (DNB) in 2019 for potential shortcomings in anti-money laundering controls and client screening.
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This warning was removed in 2024.
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While no fines were reported,
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the company was subject to an active regulatory warning for part of the past three years.
Kind to Animals
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Triodos Bank is a service-oriented financial institution and does not directly engage in activities such as product manufacturing, animal testing, or animal husbandry, making many animal welfare KPIs not applicable. For animal testing policy, the bank prohibits non-medical animal testing
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and requires companies it finances to apply the 3Rs (Reduce, Refine, Replace) principle for medical testing
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, perform ethical reviews
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, and promote alternatives.
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For animal agriculture ethics, Triodos Bank does not finance factory farming
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and has updated its standards to include clearer expectations for animal-friendly farming practices, such as transport limits and measures to allow natural behavior.
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It expects companies involved with animals to respect the Five Freedoms principle
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and favors those with clear animal welfare improvement targets.
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No War, No Weapons
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Triodos Bank completely excludes the defense industry from its listed share investments and has a firm stance against financing the arms industry, indicating 0% revenue from arms contracts.
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The bank maintains a clear policy of excluding weapons-related investments, which serves as a formal divestment policy.
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Its corporate bylaws codify a zero-tolerance policy against weapons investment, banning all categories of weapons.
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Furthermore, Triodos's zero-tolerance policy against weapons-related activities is externally audited, confirming zero exposure to controversial weapons.
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Planet-Friendly Business
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Triodos Bank has SBTi-validated near-term emission reduction targets aligned with a Paris-aligned 1.5-degree scenario.
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In 2020, 98.6% of its annual operational electricity sourcing was from renewables, with a commitment to reach 100% by 2030.
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The bank uses carbon credits from Gold Standard or Verified Carbon Standard projects for compensating the environmental impact of its own operations, covering 40% of residual emissions.
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It plans to channel €500 million into Nature-based Solutions by 2030 and will start reporting on positive biodiversity impact in 2026.
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Triodos Bank has a formal zero-deforestation policy with 60-70% verified implementation. The bank aims to be net-zero by 2035 at the latest.
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Its long-term strategy is in line with the Paris Agreement, and it advocates for financial regulation aligned with 1.5°C reduction pathways.
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The bank has committed to disclose its transition plan and reports GHG emissions following the PCAF Standard, indicating TCFD alignment is planned or in development.
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Respect for Cultures & Communities
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No specific, quantifiable evidence was found in the provided articles to assess Triodos Bank N.V. against the defined KPIs for 'Respect for Cultures & Communities'. The articles primarily detail Triodos Bank's lending and investment criteria for its clients, or the activities and impacts of its clients, rather than the bank's own direct performance or actions related to community engagement, cultural preservation, or incident management within its own operations.
Safe & Smart Tech
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No specific, concrete evidence was provided across the articles to assess TRIO.UNLISTED against any of the Safe & Smart Tech KPIs. The articles primarily consist of general position papers on responsible AI
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and privacy statements that outline user rights
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without providing measurable data on the company's performance, implementation, or specific security practices.
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Zero Waste & Sustainable Products
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No specific, quantitative data points were found in the provided articles regarding TRIO.UNLISTED's own waste management, product design, or packaging metrics. The articles primarily discuss the company's advocacy for a circular economy, its role in financing sustainable initiatives, or provide performance data for other companies in the consumer staples sector that Triodos IM engages with.
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Therefore, no KPIs could be scored based on the evidence provided.