World Library  
Flag as Inappropriate
Email this Article

Triodos Bank

 

Triodos Bank

Triodos Bank N.V.
Public, not listed
Industry Financial services
Founded 1980
Headquarters Zeist, Netherlands
Key people
Peter Blom, CEO
Products Sustainable banking
Revenue 163.7 million (2013)
€25.7 million (2013)
AUM €9.646 billion (2013)
Number of employees
911 (2013)
Slogan --
Website www.triodos.com
Triodos bank in Zeist, Netherlands

Triodos Bank N.V. is a Greek "τρὶ ὁδος - tri hodos," meaning "three-way approach" (people, planet, profit). Triodos Bank's balance sheet was worth EUR 5.3 billion by the end of 2012.[1] It is influenced by the anthroposophical movement.[2]

Triodos is unusual in that it only lends to businesses and charities judged to be of social or ecological benefit. This "positive screening" extends its policies beyond those of ethical banks which solely avoid investing in companies judged to be doing harm ("negative screening").[3] The bank uses money deposited by close to 100,000 savers and lends it to hundreds of organisations, such as renewable energy projects, and social enterprises.

Savers can open conventional savings accounts, as well as ethical funds and venture capital. Triodos also has an active international department, supporting microfinance initiatives across the developing world. Triodos is the only commercial bank in the UK to provide an annual list of all the loans the bank has made.[4]

In 1980 Triodos launched the first "green fund", a fund for environmentally friendly projects, on the Amsterdam Stock Exchange.[5] Friends of the Earth in the Netherlands claims that transferring 10,000 euros in savings from a "climate laggard" such as ABN Amro to Triodos will effectively result in a carbon dioxide emissions saving equivalent to what would be achieved by not driving a car for six months.[6] The bank compensates 100% of its own CO2 emissions.[7]

As of the end of 2012, Triodos Bank had more than 437,000 customers.[1] About half of these are in the Netherlands, and a quarter in Spain.[8]

The bank was founded as an anthroposophical initiative.[9] The bank's statutes were committed to anthroposophical principles until 1999, but in later years, the bank has broadened its appeal.

The bank operations and customer relations are mainly based on the web, but adapt to local customs. In Spain, for example, physical offices are preferred by the clients and therefore several commercial offices have been opened in the major towns.

See also

References

  1. ^ a b "Triodos Bank Annual Report 2012". Retrieved 2014-02-02. 
  2. ^ https://www.triodos.com/downloads/about-triodos-bank/corporate-governance/articles-of-association-2013.pdf
  3. ^ Haurant, Sandra (2004-03-04). "Put your money where your mouth is".  
  4. ^ "Guide to savings accounts". February 2012. Retrieved 2012-09-16. 
  5. ^ Visscher, Marco (Jan–Feb 2006). "Banking on Change". Odemagazine.com. 
  6. ^ "Green campaigner sees red over those eco-unfriendly big banks".  
  7. ^ "Triodos Bank Annual Report 2012: Key Figures". Retrieved 2014-02-02. 
  8. ^ "Interview with Matthijs Bierman". VARA Radio. February 2, 2012. 
  9. ^ "Articles of Association of Triodos Bank N.V." (PDF). Triodos Bank. Retrieved 21 August 2013. 

External links

  • Official website
  • Finances, 2008-2012
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.