- Triodos Bank
company_name = Triodos Bank N.V.
company_type = Public, not listed
company_slogan = --
Zeist, the Netherlands
Peter Blom, CEO
homepage = [http://www.triodos.com/ www.triodos.com]
num_employees = 400 (2007)
revenue = €3.3 billion (2007)
net_income = €9 million (2007)
Triodos Bank N.V. is a
bankbased in the Netherlandswith branches in Belgium, the United Kingdomand Spain. It is a pioneer in ethical banking. Triodos Bank finances companies which it thinks add cultural value and benefit both people and the environment. The name, Triodos – "tri hodos" – is translated from the Greek as "three-way approach".
Triodos is unusual as it exclusively positively screens; it only lends to businesses and charities that it thinks benefit people or the environment. This differs from many other
ethical banks which may negatively screen; avoid investing in companies judged to be doing harm, such as arms, pornographyor tobaccocompanies. [cite news | first= | last= | coauthors= | title=Put your money where your mouth is | date= | publisher= | url =http://money.guardian.co.uk/choosinganisa/story/0,,1161817,00.html | work = The Guardian| pages = | accessdate = 2007-06-26 | language = ] The Bank uses money deposited by close to 100,000 savers and lends it to hundreds of organisations, such as fair tradeinitiatives, organic farms 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 microfinanceinitiatives across the developing world.
Backed by growing interest in
savingand investing, as well as spending ethically, Triodos' balance sheet was worth $1,445 million, or £837 million, by the end of 2005.
Triodos is the only commercial
bankin the UK to provide an annual list of all the loansthe bank has made, so savers can see exactly how their money is used. Friends of the Earthin the Netherlandsclaims that transferring 10,000 euros in savings from a "climate laggard" such as ABN Amroto Triodos will effectively result in a carbon dioxide emissions saving equivalent to what would be achieved by not driving a car for six months. [cite news | first= | last= | coauthors= | title=Green campaigner sees red over those eco-unfriendly big banks | date= | publisher= | url =http://money.guardian.co.uk/ethicalmoney/story/0,,2120573,00.html | work = The Guardian| pages = | accessdate = | language = ]
* [http://www.triodos.com Triodos Bank website]
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