Transparency and sustainability
Transparency and reporting
Triodos Bank has used the guidelines of the Global Reporting Initiative (GRI) since 2001.
GRI was established in 1997 by the United Nations and the Coalition for Environmentally Responsible Economics (CERES). GRI wants to organise reporting on sustainability in a consistent manner and, in this way, make performance objective and comparison easier. Triodos Bank is an organisational stakeholder of GRI.
During 2013, GRI launched new G4 guidelines designed to make reporting both more relevant to the sustainability impact of the institution and more meaningful for its stakeholders. The main way this happens is by focusing on the issues that we and our stakeholders think are most important, or most ‘material’ to our work. We have adopted this approach for the first time in this year’s report. While we will in the 2013 report we expect to adopt the G4 guidelines in full in the 2014 annual report.
In addition Triodos Bank has co-created , together with other members of the , a network of leading independent sustainable banks. As part of a pilot project we have completed and shared the scorecard for Triodos Bank in this year’s online annual report. In the future, this approach will allow stakeholders to compare the sustainability credentials of different banks.
Sustainability considerations are shared at all levels of Triodos Bank and are an integral part of its management. Social and environmental aspects are taken into account in all day-to-day business decisions. Therefore Triodos Bank does not have a separate department that continuously focuses on sustainability or corporate social responsibility.
Triodos Bank employs specific criteria to ensure the sustainability of products and services. It employs both positive criteria to ensure it is actively doing good and negative criteria for exclusion, to ensure it doesn’t do any harm. The negative criteria exclude loans and investments in sectors or activities that are damaging to society. The positive criteria identify leading businesses and encourage their contributions to a sustainable society. Twice a year, these criteria are tested and adjusted if necessary. Triodos Bank has also defined sustainability principles for its internal organisation. These are included in its Business Principles. All sustainability criteria referred to can be found on our website.