Triodos Bank wants to be net-zero as soon as possible, at the latest by 2035. ‘As One To Zero’ strategy marks the roadmap to align their portfolio of loans and fund investments with the maximum global temperature increase of 1.5 ºC.
Triodos Bank expect to reach this target by reducing their own emissions and the emission intensity of the activities they finance. They also invest in Nature-based Solutions that remove carbon from the atmosphere. This way, Triodos Bank’s portfolio of loans and fund investments will be aligned with the maximum global temperature increase of 1.5 ºC.
Jacco Minaar, Chief Commercial Officer of Triodos Bank:
“We can only get to zero as a single force. Now more than ever, we need ambitious targets and faster action for the ultimate goal of reaching a net zero economy. Even for a bank built on the core of sustainability and with a low-carbon portfolio, this is no easy task. Our target will inspire people at the bank and all our stakeholders to act faster and develop stronger plans for how Triodos Bank, and ultimately the financial sector as a whole, will achieve the net zero ambition.”
A holistic approach
At the end of 2021, Triodos Bank published its AsOneToZero roadmap, after a thorough analysis of its lending and investment portfolio to design its decarbonisation plan.
Since this announcement, an interdisciplinary and specialised team within the bank has been working on this ambition with a holistic approach, focusing on reduction and Nature-based Solutions. The bank does this in collaboration with its customers and stakeholders and under a strict measurement and reporting process.
Triodos Bank has set as an intermediate goal the reduction of net emissions by 32%, to 232 kton of CO2 eq. in 2030, in the entire portfolio of loans and investments to achieve its objective and in line with its commitment as a member of the Net Zero Banking Alliance. In addition, in March 2023 the Science Based Targets (SBTi) initiative validated Triodos Bank’s short-term emission reduction targets.
Accelerating the process
Triodos Bank was founded forty years ago on the belief that money can be used to change the world for the better. That same belief pushes the bank to play a pivotal role in accelerating the process of reducing greenhouse gas emissions in loans and investments. As a values-based bank, Triodos Bank prioritises impact through its activities, while managing risk and profitability in its business model.
The bank promotes a number of pioneering initiatives in the financial system to measure the impact of its activity, promote systemic change and facilitate the transition to a more sustainable, just and prosperous society.
Setting an ambitious net-zero target – while many financial institutions have a target for 2050 – shows that Triodos Bank thinks bolder and is fully committed to not wasting a single minute in order to steer the economy towards a regenerative, sustainable and inclusive system.
