Triodos Bankis a leading sustainable bank headquartered in the Netherlands, with operations in the UK, Spain, Belgium, Germany and Investment Management activities based in the Netherlands and active globally. The Fair Tax Mark accreditation covers Triodos Bank and its subsidiaries, including Triodos Investment Management and Triodos Bank UK.

The Fair Tax Mark is the world’s first accreditation for responsible tax conduct. It certifies that a business:

  • seeks to follow the spirit, as well as the letter of the law
  • shuns corporate tax avoidance such as the artificial use of tax havens
  • is transparent about profits made and taxes paid.

Kees van Kalveen, Chief Financial Officer, Triodos Bank, said: “We are incredibly proud to achieve the Fair Tax Mark certification. It reflects our long-standing commitment to responsible tax conduct and transparency. We believe tax should be paid where real economic value is created, and that businesses must contribute fairly to the societies they operate in.”

Triodos Bank supports a fair and effective tax system, considering the interests of all stakeholders and believes that taxes should be paid in the countries where earnings are realised. Triodos Bank has specified minimum standards relating to accounting and remuneration, corruption, taxes and violation of legislation. Companies that are involved in tax avoidance schemes that raise significant ethical or moral concerns and are in clear violation of local or international standards are excluded from all direct investment activities and credit agreements.

Paul Monaghan, Chief Executive, Fair Tax Foundation, commented: “We are absolutely thrilled that Triodos Bank has secured Fair Tax Mark certification. Make no mistake, the Fair Tax Mark is a high-bar standard, but even we were immensely impressed with how their commitment to responsible tax conduct runs not just through their operations, but also through their investment and lending decision-making.

“In all areas, they are committed to complying with both the spirit and the letter of the law. They are exemplars of ‘total transparency’, and that includes providing a breakdown of income, profits and taxes paid on a country-by-country basis. Their commitment to ‘make money work for positive change’ resonates strongly with the principles of the fair tax business movement.”

The Fair Tax Mark certification scheme seeks to encourage and recognise businesses that pay the right amount of corporate income tax at the right time and in the right place. No other tax borne or collected by business comes close to having so many positive impacts. Corporation tax is much more than a vital revenue raiser for public services, it is crucial to fair business competition, improving national productivity and reducing inequality.

Fair Finance International (founded by Oxfam Novib) and Ethical Consumer (UK) are supporters of the Fair Tax Mark. They use rigorous methodologies to assess, report on, and campaign for more responsible investment policies and practices from banks. Their ratings regularly feature Triodos Bank highly on criteria based on international sustainability standards.

Valerie Schreur, senior expert financial sector at Oxfam Novib, said: “In the Dutch Fair Finance Guide we score banks on whether they have policies in place that uphold international norms such as the UN General Principles and the OECD Guidelines on various themes, including taxes. When banks score well, it means they have policies in place to prevent tax evasion and tax avoidance. These policies apply to their own organisation as well as to the companies they invest in. In our most recent Bank Policy Update from 2023, Triodos scored 7 out of 10. We also investigate how banks act and invest in practice. Here, Triodos scores 10 out of 10. We congratulate Triodos on their certification.”

 

Triodos Bank N.V was assessed, and certified against, the Fair Tax Mark Global Multinational Business Standard. Fair Tax Mark certification standards require that a business: pay the right amount of corporate income tax in the right place at the right time, according to both the letter and the spirit of the law; provide sufficient public information to enable its stakeholders to form a rounded and informed view of its beneficial ownership, corporate tax conduct and financial presence (across the world, if they are a multinational). Triodos' Fair Tax Mark accreditation was awarded by the Fair Tax Foundation, and covers the year from 18 December 2025. Fair Tax Mark certification is an annual process, with assessment and re-certification progressing afresh each year based on the information detailed in the most current set of Financial Statements. Fair Tax Mark certification fees are publicly available, and are largely influenced by business size and complexity.