Triodos Bank N.V., headquartered in the Netherlands (NL), is a pioneering ethical bank that has been at the forefront of sustainable finance since its establishment in 1980. With a strong presence across Europe, particularly in the UK, Belgium, and Germany, Triodos Bank focuses on financing projects that have a positive social, environmental, and cultural impact. The bank offers a range of core products and services, including personal and business banking, investment funds, and sustainable mortgages, all distinguished by their commitment to transparency and ethical investment. Triodos Bank is recognised for its innovative approach to banking, having achieved significant milestones in promoting sustainable development and responsible banking practices. As a leader in the ethical banking sector, Triodos Bank continues to set benchmarks for sustainability and social responsibility in the financial industry.
How does Triodos Bank N.V.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Triodos Bank N.V.'s score of 57 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Triodos Bank N.V. reported total carbon emissions of approximately 2,575,931 tonnes CO2e. This includes Scope 1 emissions of about 179 tonnes CO2e, Scope 2 emissions of approximately 121 tonnes CO2e (market-based), and a significant contribution from Scope 3 emissions, primarily from investments, which totalled around 2,316,000 tonnes CO2e. The bank has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 63% by 2035, using 2020 as the baseline year. This commitment is part of their broader strategy to achieve net zero emissions across all scopes by 2035, with their near-term targets validated by the Science Based Targets initiative (SBTi) in March 2023. In 2023, Triodos Bank's emissions were reported at approximately 1,308 tonnes CO2e, with Scope 1 emissions at about 263 tonnes CO2e and Scope 2 emissions at approximately 102 tonnes CO2e (market-based). The bank's emissions have shown fluctuations over the years, with a notable peak in 2019 at around 2,901,000 tonnes CO2e. Triodos Bank's climate strategy is aligned with industry standards, focusing on significant reductions in their operational emissions while also addressing the emissions associated with their investment portfolio, which covers 43% of total assets under management as of 2020. The bank's commitment to sustainability is further reinforced by their membership in initiatives aimed at achieving net-zero emissions, demonstrating a proactive approach to climate action within the financial sector.
Access structured emissions data, company-specific emission factors, and source documents
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Scope 1 | - | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
Scope 2 | 1,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 000,000 | 000,000 |
Scope 3 | 1,626,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 000,000 | 0,000,000 | 00,000,000 | 0,000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Triodos Bank N.V. is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.