Arts and culture
Arts and culture play an important role in the personal development of individuals and in social cohesion. They reveal new perspectives and inspire and connect people. The global pandemic has radically reduced mobility and increased social restrictions. As a result, many planned activities in the arts and culture sector became difficult or impossible after the COVID-19 pandemic took hold in March 2020. Triodos Bank has been in close contact with its customers and has provided additional government-guaranteed 'Corona credits' to help them continu with their activity during the pandemic.
The impact figures are, understandably in many cases below the pre-pandemic figures, although multiple organisations did manage to develop online streaming programmes and some actually increased their number of spectators. The cultural institutions showed a slow recovery in 2021.
During 2021, through our lending and investment activity Triodos Bank helped make it possible for 9.9 million visitors (2020: 8.4 million) to enjoy events at cultural institutions such as cinemas, theatres and museums. The number equates to 13 cultural experiences enabled per Triodos Bank customer.
Triodos Bank and Triodos Investment Management finance also helped approximately 3,500 artists and creative companies remain active in the cultural sector (2020: 4,100). The decline in 2021 is mainly due to a change for one large customer holding many facilities for artists.
Theatre, music and dance productions from these creative companies were attended live or online via streaming by 3.3 million people (2020: 3.5 million). New productions from the film and media sector financed by Triodos Bank (most importantly in Spain) were seen by more than 8 million people (2020: 11 million).
Triodos Bank and Triodos Investment Management also financed organisations that provided approximately 4,700 affordable spaces for creative work and cultural activities, such as workshops and music courses (2020: 4,300).
Triodos Bank believes that education brings huge benefits to the individual in terms of personal development and well-being, and to society in terms of economic development and social cohesion. The organisations we finance in this sector include schools, training institutions and conference centres.
Approximately 786,000 individuals benefitted from the work of 610 education initiatives financed by Triodos Bank in 2021 (2020: 623,000). Each Triodos Bank customer has made it possible for one person to receive education.