You can read the Green Bond Allocation and Impact Report 2021 here.
Jacco Minnaar, Chief Commercial Officer: “With the successful launch of our Green Subordinated Tier 2 Bond in 2021, we have diversified and strengthened our funding and capital base. This will allow us to stay a frontrunner in values based sustainable banking. We are happy to now publish our first Green Bond report outlining how we have allocated the funds and the impact they are generating."
Net zero target
With the proceeds of the Green Bond, Triodos Bank was able to make a meaningful contribution to its goal to be net zero as early as possible and by 2035 at the latest. Our ambition is to significantly reduce the greenhouse gas emissions of all Triodos Bank's loans and funds’ investments, using a science-based targets approach, while also considering, for instance, biodiversity and social inclusion.
Any remaining emissions will be balanced or ‘inset’ by investing considerably in nature projects that remove greenhouse gases from the air. Triodos Bank’s As One to Zero target aligns its portfolio of loans and funds’ investments with a maximum global temperature rise of 1.5 degrees Celsius.
Avoided emissions and sequestration
Using the proceeds of the Green Bond, 77 projects were funded in the renewable energy sector, together good for producing the equivalent of annual electricity needs of approximately 122,600 European households. The funded projects attributed to the (expected) avoidance of over 136 ktonne of CO2e emissions on an annual basis, as compared to fossil-fuel power generation.
Approximately 1,275 hectares of nature and conservation land and forestry in Europe were funded. This land is important for absorption (or sequestration) of greenhouse gases from the atmosphere. This resulted in the sequestration of approximately 958 tonnes of CO2e in 2021.
By using the proceeds of the Green Bond, Triodos Bank financed one sustainable commercial property and more than 400 residential buildings, resulting in about 86% energy savings per m2 as compared to the average in a country or region.