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BUSINESS ETHICS An analysis of Triodos bank Introduction Triodos Bank is a social bank lending only to organisations and businesses with social and environmental objectives Triodos Bank is well known for its innovative and transparent approach to banking Savers at Triodos Bank know where their money is working In 2001 the balance sheet totalled 461841 GBP History 1968 an economist professor in tax law senior organisational consultant and a banker formed a study group to see how money could be handled to affect positive social change Just over a decade later in 1980 Triodos Bank was founded in The Netherlands to finance a new generation of enterprises creating social added value and caring for the environment and to give people new ways to save and invest ethically In 1990 launched its first green investment fund becoming the Triodos Green Fund I 1997 The Belgian office opened three years later and in July 1995 the organisation in the UK was established In 2002 Triodos became the first bank in the world to follow the Global Reporting Initiative GRI measuring social and environmental performance in its Annual Accounts Triodos Bank belongs to a widespread network of national and international financial institutions active in the social economy Triodos Bank is a founding member of INAISE the International Association of Investors in the Social Economy and of the Social Venture Network Europe SVNE Triodos Bank is a fully licensed bank regulated by the Dutch Central Bank and by the Financial Services Authority FSA for the conduct of regulated activities in the UK Organisation Triodos Bank is a European bank registered in The Netherlands The Bank has three branch offices in Zeist The Netherlands in Bristol uk and Brussels BelgiumTriodos Bank nv is a Dutch public limited company Naamloze Vennootschap Triodos Bank is not listed on any
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