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Environmental report summary

Triodos Bank’s largest positive impact on the environment comes from financing entrepreneurs and enterprises developing innovative ways to combat climate change.

But the organisation also has a responsibility for its own environmental impact as an institution.

Achievements in 2012

A benchmark for Triodos Bank’s environmental data was developed in 2012 to assess performance against similar organisations. Although Triodos Bank performs well on energy consumption and sustainable commuting, it underperforms on business travel and paper usage, compared to its peer group.

In 2012 Triodos Bank continued to focus on decreasing paper usage and energy consumption and explored how to reduce business travel by plane without compromising the quality of contact between co-workers and clients living in different parts of the world.

Energy consumption

Triodos Bank aims to use 100% renewable energy to power all its offices. Where it starts working in a new office which uses conventional power, it converts to renewable energy as quickly as possible. By the end of October all offices were using sustainable energy. To reduce the energy consumption of its data centre and IT operations Triodos Bank started to use ‘thin clients’ in the UK branch’s new office and in the Belgian branch. This reduced computer energy consumption by 10% despite increasing numbers of co-workers. The installation of new, environmentally friendly printers reduced their energy consumption by 40% in the UK and The Netherlands.

Travel

Triodos Bank’s policy is to encourage co-workers to travel to and from work using the most environmentally-friendly option available.

Co-workers use public transport for travel whenever possible, but when travel by car is essential Triodos Bank buys company cars with a high environmental performance. In 2012 the maximum CO2 emissions allowed for commercial vehicles was adjusted down (to 130g). The average CO2 emissions of our fleet declined from 120gr in 2011 to 115gr in 2012.

In addition the Dutch office promoted the use of electric bikes to commute longer distances, resulting in 18 participating co-workers collectively travelling over 90,000 km by bike instead of car.

Paper usage

Triodos Bank aims to reduce the environmental footprint of its paper usage and printing. Where possible, it uses recycled paper and environmentally sound printing processes and materials, such as waterless printing and vegetable inks. It encourages its customers to communicate with it in an environmentally-friendly way (by telephone, e-mail or the internet).

Climate neutral operations

Triodos Bank offsets 100% of its CO2 emissions. Greenhouse gas emissions are reduced in three distinct steps: firstly, via energy saving; secondly, essential energy consumption is sourced from renewable suppliers, where possible; and finally, any remaining CO2 emissions are compensated.

See Environmental report for more details of Triodos Bank’s efforts to reduce its environmental impact.