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Our Impact

Triodos Bank wants to report on the wider social, cultural and environmental impact of its finance. We aim to be a leader in impact-driven reporting in the financial industry.

As part of that effort we have further developed the impact chapter, including new impact data, and have for the second time included impact data in the scope of the external assurance on the full Executive Board chapter. Doing so is a logical extension of the auditing of our financial figures, as an integrated business that has sustainability at the core of its financial activity.

The impact data, which is reported by all branches and Triodos Investment Management where possible, is based on a number of assumptions explained in detail in the impact chapter. In general the full impact of a project is counted when Triodos Bank has financed it, either wholly or in part. When there is some uncertainty about an impact figure relating to a project, we exclude it.

In 2015 we also co-created a detailed impact reporting manual within the organisation to standardise and introduce further rigour into how and what impact data we report, as a matter of continuous improvement. These improvements have led, in some cases, to revisions of impact data definitions and more comprehensive reporting of data. This has had a substantial influence on some measures, effecting the data in 2015 and, in some cases, requiring restatements of 2014 data. Where this has happened we have marked these figures as “restated”.

The impact data, which is reported by all our branches, is based on a number of assumptions which we explain in detail in our online annual report. In general, we take a conservative approach to the data and exclude projects when we are uncertain about the impact figures relating to them.

This data serves as an indication of Triodos Bank’s non-financial impact. While numbers alone can only tell a limited story, they do provide quantitative details of the impact of Triodos Bank’s mission in practice.

Please view the impact chapter providing more detail on the impact of Triodos Bank and its finance, including the methodology used to produce the impact data recorded here.

Environment

Renewable energy

Triodos Bank and its investment funds, offered via Triodos Investment Management, finances enterprises that augment the use of renewable resources in particular and supports projects that reduce the demand for energy and promote energy efficiency. By the end of 2015, Triodos Bank and its climate and energy investment funds were financing 358 projects across Europe (2014: 362, restated figure), contributing to a generating capacity of 2,100 MW of energy (2014: 2,100 MW). During the year these projects contributed to 1.5 million tonnes of CO2 reduction while generating green energy equivalent to the electricity needs of 1 million European households (2014: 0.9 million, restated figure).

Organic farming and nature development

The organically managed land on the farms which Triodos Bank and Triodos Investment Management financed in 2015 could produce the equivalent of 33.6 million meals in 2015, or enough food to provide a sustainable diet for approximately 30,700 people (2014: 27,700, restated figure because of an updated conversion factor). Together they financed approximately 36,500 hectares of organic farmland across Europe. This means one football-pitch sized piece of farmland for every 10 customers, each one producing enough for 550 meals per year.

We also finance 24,000 hectares of nature and conservation land. That is around 400m2 of nature and conservation land for every customer.

Sustainable property and private sustainable mortgages

As well as offering green mortgages that incentives households to reduce their carbon footprint, Triodos Bank and Triodos Investment Management finances new building developments and refurbishment projects for properties to reach the highest sustainability standards.

In 2015 Triodos Bank and Triodos Investment Management financed directly, and via sustainable property, approximately 4,500 homes and apartments and about 310 commercial properties comprising approximately 280,000m2 of office and other commercial space.

Social

Health care

As a result of its lending across Europe around 25,000 individuals (2014: 20,000) used facilities offered at 341 elderly care homes financed by Triodos Bank and Triodos Investment Management in 2015; that means the equivalent of 15 days of care were financed for each Triodos Bank customer.

Community projects and social housing

In 2015 Triodos Bank and Triodos Investment Management financed 316 community projects, and 169 social housing projects, which directly and indirectly provide accommodation for approximately 12,400 people.

Microfinance

Triodos Investment Management’s specialised microfinance funds provided finance to 100 microfinance institutions (2014: 102) in 45 countries (2014: 44). These organisations reached approximately 10.2 million savers (2014: 8.2 million) and 15.5 million borrowing clients in 2015 (2014: 11 million).

Culture

Arts and culture

14.3 million

During 2015 Triodos
Bank finance helped
make it possible for
14.3 million visitors to
enjoy cultural events.

During 2015 Triodos Bank and Triodos Investment Management finance helped make it possible for 14.3 million visitors (2014: 7.2 million, restated) to enjoy cultural events including cinema, theatres and museums across Europe, as a result of its lending and investments activity to cultural institutions. This means that there were the equivalent of 23 cultural experiences for each Triodos Bank customer. This marked increase was largely due to some significant new loans in Spain.

Triodos Bank and Triodos Investment Management finance helped approximately 3,000 artists and people active in the cultural sector as well as financing a number of organisations providing spaces for cultural activities such as workshops and music courses.

Education

Approximately 986,000 individuals benefited from the work of educational establishments financed by Triodos Bank in 2015 (2014: 822,000). So for every Triodos Bank customer, the equivalent of 1.6 people benefited from education provided by an establishment we financed.