Energy and Climate

We're working to reduce our own CO₂ emissions in a variety of ways. First, by reducing energy consumption wherever possible - for example, by printing less and cutting down on business travel. Our new office buildings are designed and constructed using carefully selected sustainable materials and the most energy-efficient lighting, heating and cooling technologies. We use electricity from renewable energy sources only. Our remaining CO₂ emissions from natural gas consumption, paper consumption, business travel and commuting are compensated.

Yes, our business is 100 per cent carbon neutral. We compensate our CO₂ emissions by buying VCS and Gold Standard CO₂ credits from Climate Neutral Group, which benefit projects in developing countries. We report on our emissions and compensation methodology annually in our Annual Report.

Despite its relatively low carbon emissions, we consider nuclear power an inherently unacceptable technology. The main reason for this is that the disposal of dangerous waste takes hundreds of years, creating risks for future generations. Given these safety and environmental concerns, Triodos Bank does not invest in companies involved in the nuclear industry, preferring to focus our efforts on helping to build safe and sustainable patterns of energy use.

We're selective when it comes to funding projects in this area. Triodos Bank has chosen not to finance biomass projects that depend on crops grown for energy purposes or those that rely on biomass imported from long distances. Our reason for not funding projects with energy crops is that in the future, the demand for bio energy would compete with the demand for food, which could have catastrophic effects in poorer countries. Imported biomass projects are often made economically viable by subsidies, which we believe does not sufficiently take into account a thorough value chain and energy balance analysis. The view of Triodos Bank is that local biomass resources should be used where possible, instead of transporting resources around the globe in order to take advantage of subsidies.