Reshaping the Dutch Banking sector: How we help Triodos Bank understand and manage their impact for a fairer and more sustainable society
Measuring the Impact of Triodos Bank
Triodos Bank has financed over EUR 2 billion in 2023 in wind and solar power-generating projects, contributing to the transformation of the energy sector. Their annual report transparently examines the environmental and potential social impacts of their renewable energy portfolio, highlighting the importance of mitigating risks in the supply chain, applying extensive due diligence processes.
The bank is leading by example in addressing these issues and by doing so contributing to the public debate. As environmental and societal regulations such as the CSRD and SFDR ask for organisations to report on various of these impacts, transparency will serve as one of the first vital steps in this process.
Download the report here.
The Environmental and Social Impacts of Renewable Energy Projects by Triodos Bank
The analysis includes a view on the negative environmental impact of their renewable energy portfolio and the environmental impact avoided by renewable energy technology compared to fossil fuel alternatives. The analysis includes a quantification of the environmental impact avoided by renewable energy technology compared to fossil fuel alternatives and a view of the negative environmental impacts of their renewable energy portfolio.
Being aware of the potential social impacts that occur in solar and wind energy value chains, the pioneering report includes a view of these risks particularly in the upstream value chain – from human rights violations to harmful effects for instance related to mining minerals: forced labour, child labour, underpayment, worker health and safety, incidents, and gender discrimination, are all potential negative impacts resulting from financing renewable energy projects. Triodos Bank is continuously making efforts to eradicate these risks and will continue to do so.
Changing Finance together
The financial sector is uniquely positioned to accelerate the transition towards more sustainable financing models by directing funds into areas that benefit society and appropriately account for social and environmental risks.
Triodos Bank is leading the way in the Dutch banking sector towards a fairer and more sustainable society by measuring their annual impact and mitigating negative impacts. By working together, we can move towards a better future for people and the planet.
Read more about our Global Impact Database, Biodiversity Footprint Calculator, and how we help companies in their journey in the sustainable finance transition here.
