1 Including funds under management with affiliated parties that have not been included in the consolidation.
2 The 2021 funds under management have been restated by EUR 33 million due to an improvement to the internal definition of funds under management in 2022.
3 Net profit is subject to rounding difference.
4 These are the minimum requirements based on the overall capital requirements instead of the SREP requirements. The comparative figures are adjusted accordingly.
5 The decrease of the leverage ratio is mainly due to the termination of the temporary application of the CRR exemption as per April 1, 2022 where certain Central Bank exposures were previously excluded from the leverage ratio. The CRR exemption was introduced by the ECB in response to the COVID 19 pandemic.
6 Assets are classified as 'real economy' (as opposed to financial economy) if it is directly linked to a real economy asset or activity. This means that the asset or exposure is aimed at directly supporting the production of goods and services, as opposed to focusing primarily on buying and selling in the financial markets.
7 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.
8 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 since 2021.
9 The figure of net profit per share is calculated on the average number of issued shares in circulation during the financial year.
10 The earnings per share in 2021 has been restated from € 3.56 to € 3.57 as a result of the restatement of the average number of issued shares in circulation in the annual report 2021.
11 The dividend over 2022 amounts to EUR 2.11 per Depository Receipt (DR) (2021: EUR 1.80) excluding the extraordinary dividend of EUR 1.01 per DR. This includes the earlier paid interim dividend of EUR 0.35 and a final dividend amount of EUR 1.76 per DR that Triodos Bank will propose at the Annual General Meeting in May 2023.
12 The number of depository receipt holders increased due to transactions among depository receipt holders, without the involvement of Triodos Bank.
13 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 compiled at 31 December of the reporting year.
14 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).
