1 IFRS - EU was adopted as of 1 January 2018. Key figures for 2017 are reported under Dutch GAAP.
2 Triple Bottom Line assets refer to assets not only focused on economic benefits, but also on positive social and environmental benefits. We believe this figure provides the best indication of a bank’s commitment to sustainability. The 2019 and 2018 figures have been adjusted to IFRS reporting.
3 The net asset value per share is the total equity divided by the total shares outstanding. The net asset value per share is not the trading price. The NAV as per 31 December 2020 was calculated at EUR 85 after all financial data for the Annual Accounts 2020 were processed. The last trading price on 5 January 2021, EUR 84, was based on the financial model that derived for that day the calculated net asset value of Triodos Bank. This calculation took place on a daily basis.
4 The figure of net profit per share is calculated on the average number of issued shares in circulation during the financial year.
5 For the year result of 2021 Triodos Bank proposes a dividend of EUR 1.80 per share, equivalent to a 50% pay-out ratio (the percentage of total profit distributed as dividends).
6 The ratio of highest to median salary (excluding highest salary) follows the GRI criteria and is considered best practice. All salaries are calculated on a full-time basis.
7 The ratio highest to median salary for 2020 has been adjusted from 5.5 to 5.4, due to the fact that the ratio for the UK was incorrect. For more information we refer to the table “Ratio highest to median salary” in the remuneration report.
8 2018 was the first year of reporting using the Partnership for Carbon Accounting Financials (PCAF) methodology. Since 2019 Triodos Bank assesses 100% of our loans and funds’ investments to calculate Triodos Bank's share in the GHG emissions by using the global PCAF Standard (in 2018 around 68% of Triodos Bank's loans and funds’ investments were assessed).
9 Including funds under management with affiliated parties that have not been included in the consolidation.
10 Net profit is subject to rounding difference.