You can read the action plan here.
Triodos Bank’s commitment to become net zero by 2035 covers 100% of its lending and fund’s investment portfolios, including Triodos Bank’s entire loan portfolio as well as the complete range of funds managed by Triodos Investment Management and Triodos Regenerative Money Center. This means that every client and investee will need to reduce their emissions as much as possible over time and that all lending and investment activities are relevant.
Jeroen Rijpkema, CEO of Triodos Bank: “The transition to the net zero society must be inclusive and holistic; it is about getting the real change in society. We can’t just reduce emissions, only to find out that we’ve used all our natural resources to get there. We can’t stop using fossil fuels, only to find out we’ve exploited people or created more inequality to get there. We need holistic solutions. An approach that works for all living species.”
Intermediate target 2030
Triodos Bank has analysed its loan and investment portfolio by sector to look at how decarbonisation can be achieved. To reach its goal, Triodos Bank set an intermediate target to reduce net emissions by 32% to 232 ktonne CO2e in 2030 across its entire loans and funds’ investments portfolios. In a context of portfolio growth, Triodos Bank expects net absolute emissions to be relatively stable until 2025 and to start declining from then onwards, as result of reduction efforts diminishing the carbon intensity of portfolios and sequestration investments to neutralise remaining emissions.
The reported emissions and (intermediate) target setting are in accordance with current insights, measurements and monitoring methods and plausible projections.