Welcome to sustainable banking

Every action, no matter how small, sets something in motion. What you do with your money every day makes a difference.

Our mission

Our values

Welcome to positive change

Triodos Bank is one of the most sustainable banks in the world. We make money work for positive social, environmental and cultural change.

How we make a difference

Triodos Bank focuses its activities across three overarching themes: Environmental, Cultural and Social. Together, these cover a broad range of sectors – from renewable energy, organic farming and social housing through to retail, charities and education.

View our themes

We lend to businesses and entrepreneurs from a variety of sectors all making positive impact.

It is embedded in our mission to only lend money to organisations in the real economy working to bring about positive and lasting change. To achieve this, we follow clearly defined criteria for our everyday lending decisions, making us accountable to our savers and investors.

Our positive approach to sustainable lending involves:

identifying sustainable sectors where we can stimulate innovation in business
selecting businesses and projects that will provide real social, cultural or environmental benefits
evaluating both the quality of the application and the motivation of the people applying for loans
ensuring selected projects meet our absolute criteria and minimum standards, which measure their potential effect on people or planet
financing clearly defined activities or projects within each organisation
monitoring closely how a loan is used
publishing the details of every single organisation we lend to; which means our savers and investors can see exactly how we’re using their money

Who won't we lend to?

We won't lend to any organisation that puts profit before people and planet. More specifically, the minimum standards we apply in making lending decisions come under two main headings:

Non-sustainable products and services

This includes all businesses involved in producing or trading in weapons, tobacco, pornography, fur or environmentally hazardous substances. It also covers the fossil fuel and the gambling industry.

Non-sustainable working practices

This covers everything from animal testing and inhumane farming methods, through corruption and support for dictatorial regimes, to breaches of fundamental labour rights.

Transparent banking

We publish details of every organisation we finance on our website, so you can see for yourself how your money is delivering positive change for people and planet

Explore

A European bank with over 700,000 customers

Triodos Bank UK Limited is a wholly owned subsidiary of Triodos Bank NV and based in Bristol. Our head office is in Zeist, which is near Utrecht in the Netherlands, and we are established according to Dutch law.

Triodos Bank is structured and managed in a way that aims to safeguard our principles, values and objectives.

Depository receipt holders (DRH)

Since our creation, we have been an independent bank. To ensure the special character and mission of our bank remains protected, our shares are held in a dedicated Foundation, which issues depository receipts to anyone that wishes to buy them. These depository receipts are not listed on the stock exchange, but traded on our own platform. As of 2017, we have over 40,000 depository receipt holders.

SAAT

The Foundation for the Administration of Triodos Bank Shares (SAAT) manages all Triodos Bank NV's shares. To finance the shares, SAAT issues depository receipts. The Board of SAAT, Triodos Bank and its depository receipt holders communicate with, and meet, regularly. This happens informally and formally in meetings like the AGM and in meetings for depository receipt holders in the countries where we are active.

Supervisory Board

The Supervisory Board oversees and reviews the activities and decisions of the Executive Board, the development of Triodos Bank’s operations, strategy development and the bank’s overall mission. The Supervisory Board also provides advice and guidance the Executive Board. The members of the Supervisory Board are independent; from each other, from the Executive Board, and from any other party or interest that might affect the Board's operation.

Group Executive Board

Peter Blom

CEO

Peter Blom has been statutory Member of the Executive Board of Triodos Bank N.V. since 1989 and is currently its chair. Additionally, he is a Member of the Board of Stichting Triodos Holding, Chair of the Board of the Global Alliance for Banking on Values, Member of the Board of the Dutch Banking Association, Co-Chair of the Board of the Sustainable Finance Lab Foundation, and member of the Central Planning Committee of the Netherlands Bureau for Economic Policy Analysis (CPB). Peter Blom is a Dutch national. He owns one Triodos Bank depository receipt.

Jellie Banga

COO

Jellie Banga has been statutory Member of the Executive Board of Triodos Bank N.V. since 2014, after having been appointed non-statutory Member in early 2013. Additionally, she is a Member of the Advisory Board of 'Stichting Lichter', a foundation aimed at lightening the lives of low-income single parents. Jellie Banga is a Dutch national. She does not own any Triodos Bank depository receipts.

Pierre Aeby

CFO

Pierre Aeby has been a statutory Member of the Executive Board of Triodos Bank N.V. since 2000. He is also a Member of the Board of Stichting Triodos Holding, Chair of the Board of Stichting Triodos Foundation, Statutory Director of Enclude Holding B.V. and Member of the Board of the Netherlands-based Flemish Cultural Centre 'De Brakke Grond'. Pierre Aeby is of Belgian nationality and owns 21 Triodos Bank depository receipts.

Board of Triodos Bank UK Ltd

Gary Page

Chair and Independent Non-Executive Director

Gary became Chair of Triodos Bank UK Ltd in January 2019 in preparation for it assuming responsibilities for Triodos Bank’s UK activities. Prior to this he was a Member of the Supervisory Board of Triodos Bank N.V., and served on the Audit and Risk Committee, stepping down in May 2019.

Gary’s career has been predominantly in the banking industry. After joining Barclays Bank from University, he held numerous roles over 14 years at ABN AMRO Bank, including Chief Executive Officer of Global Markets and Global Head of Commercial Banking. He briefly joined RBS following its acquisition of ABN AMRO.

Gary has also held positions in the charity and public sectors, including Chair of Trustees for the Hoffmann Foundation for Autism (2010-2016) and Non-Executive Director and subsequently Chair of Norfolk and Suffolk NHS Foundation Trust (2012-2018), one of the largest mental health trusts in the UK.

Gary's term as Chair of Triodos Bank UK Ltd expires in 2022. He is of British nationality and does not own any Triodos Bank N.V. depository receipts.

Richard Burrett

Independent Non-Executive Director

Richard became Independent Non-Executive Director of Triodos Bank UK Ltd in January 2019 in preparation for it assuming responsibilities for Triodos Bank’s UK activities. Richard has worked in international finance for over 30 years. In his 20 years with ABN AMRO he developed extensive experience of project and structured finance, particularly in the energy and infrastructure sectors.

In the role of Global Head of Project Finance he was also instrumental in the creation of the Equator Principles, a market-recognised standard for managing environmental and social risk issues in project financing.

As Global Head of Sustainability, he chaired the group’s Sustainability Council and developed the bank's strategy on climate change and the carbon markets.

Richard is Chief Sustainability Officer at Earth Capital, a Fellow of the University of Cambridge Institute for Sustainability Leadership and Senior Adviser to the Earth Security Group.

He is a FMO nominated Non-Executive Board Director of Union Bank of Nigeria and has been Co-Chair of the UNEP Financial Initiative. He is also a Board Member of Forest Trends, a Washington-based not-for-profit organisation focused on market-based approaches to conservation. He holds a BA in Modern Languages and an MBA both from Durham University. He is of British nationality and does not own any Triodos Bank N.V. depository receipts.

Pierre Aeby

Non-Executive Director

Pierre Aeby became Non-Executive Director of Triodos Bank UK Ltd in October 2018 in preparation for it assuming responsibilities for Triodos Bank’s UK activities. He was a statutory Member of the Executive Board of Triodos Bank N.V. from 2000 to 2019, and is also a Member of the Board of Stichting Triodos Holding, Chair of the Board of Stichting Triodos Foundation, Statutory Director of Enclude Holding B.V. and Member of the Board of the Netherlands-based Flemish Cultural Centre 'De Brakke Grond'. Pierre Aeby is of Belgian nationality and owns 21 Triodos Bank depository receipts.

Bevis Watts

Executive Director

Bevis Watts became Executive Director of the board of Triodos Bank UK Ltd in May 2018 in preparation for it assuming responsibilities for Triodos Bank’s UK activities. He moved into his the role of Chief Executive Officer in March 2019 upon transfer of Triodos Bank's UK Branch into its new subsidiary, Triodos Bank UK Ltd, in May 2019. Prior to this he was Managing Director of the Triodos Bank UK branch for three years, having previously been Head of Business Banking at Triodos for almost five years (2008-2012).

During his time as MD, the bank delivered strong growth, launched a new personal current account and a crowdfunding platform. He has 20 years’ experience in the wider sustainability field across the private, public and voluntary sectors.

Bevis has always worked for values-led organisations, and before Triodos was Chief Executive of Avon Wildlife Trust and Head of Business Support at The Waste and Resource Action Programme (WRAP). He has held numerous Directorships and Trusteeships and was a Board member of Bristol 2015, the delivery company for Bristol European Green Capital 2015, inaugural Chair of the West of England Nature Partnership, and he was elected to represent Local Nature Partnerships at a national level on the ESI Funds National Growth Board (2013-2015).

UK Management Team

Bevis Watts

Chief Executive Officer

Bevis Watts became Chief Executive Officer of Triodos Bank UK Ltd, the wholly-owned subsidiary of Triodos Bank N.V., in May 2019. Prior to this he was Managing Director of Triodos Bank UK for three years, having previously been Head of Business Banking at Triodos for almost five years.

During his time as MD, the bank has delivered strong growth, launched a new personal current account and a crowdfunding platform. He has 20 years’ experience in the wider sustainability field across the private, public and voluntary sectors.

Judy Rose

Chief Operating Officer

Judy became Chief Operating Officer of Triodos Bank UK Ltd in May 2019, after 9 years as Triodos Bank UK's Head of Operations. She has responsibility for customer operations, large project implementation, facilities management and ICT services.

Judy has more than 20 years' experience as a project manager and developer in the financial sector, including several years with the Woolwich Building Society, and holds an MSc in Information Systems.

Judy first started working for Triodos' forerunner in the UK, Mercury Provident, in 1993, and returned to the bank in 2006.

Richard Ingle

Chief Financial Officer

Richard became Chief Finance Officer of Triodos Bank UK Ltd in May 2019, having joined Triodos Bank UK in April 2018 as Head of Finance. He was previously Head of Financial Management for the Banking and Commercial Property divisions of Nationwide Building Society and subsequently led the finance team for the unsecured lending business of Bank of Ireland UK.

Before moving into Financial Services, Richard held a number of senior finance roles in the energy industry, in the UK and Germany. He is a Fellow of the Chartered Institute of Management Accountants, holds a joint US and European MBA and also an Economics degree.

Sarah Binstead

Chief Risk Officer

Sarah became Chief Risk Officer of Triodos Bank UK Ltd in May 2019. Sarah joined Triodos Bank UK as Head of Risk in 2017 and has over 11 years' experience in the financial services industry and has worked across all three lines of defence.

She is a qualified chartered accountant and worked in a variety of organisations and roles during her career, including KPMG, working in both the external and internal audit practises, and Lloyds Banking Group, as Senior Manager in Reporting, and Controls and Internal Audit Relationship Manager.

Sarah also held numerous roles in her time at Nationwide Building Society, including Head of Internal Audit, Head of Financial Controls, Financial Reporting and Tax Division, and Head of Enterprise Risk Management Framework and Governance.

Huw Davies

Head of Retail Banking

Huw Davies is Head of Retail Banking with responsibility for personal and business banking products and pricing, as well as the contact centre.

Prior to joining Triodos, Huw worked for 11 years at Nationwide Building Society, where since 2007 he was savings product marketing controller, with responsibility for product development, pricing, and customer proposition development. During his time at Nationwide he also worked on mortgages, and general insurance.

Huw has a first class degree from Cambridge university, and a post-graduate diploma in marketing. He has taught English in southern India, and is passionate about realising the potential of money to do good.

Rebecca Pritchard

Head of Business Banking

Rebecca joined the bank in September 2013 and leads the team responsible for UK business banking activities with SMEs, social enterprises and charities, with particular focus on the environmental, food and farming, and social and cultural sectors.

Rebecca has nearly 30 years' experience in the financial services sector, and began her career as a corporate relationship banker with Chase Manhattan Bank in New York. She relocated to the UK in 1989 to join the bank’s Project Finance team, where she advised and financed major infrastructure projects in Europe.

Rebecca then joined accountancy firm Grant Thornton in Bristol, where she established a Government & Infrastructure advisory team advising public sector procurers and private sector contractors on long-term public-private partnerships for capital projects in education, environmental services, housing, health and blue light services.

Dan Hird

Head of Corporate Finance

Dan has been with Triodos Bank since 2008 and has built the corporate finance business.

Previously, Dan spent six years within KPMG Corporate finance, advising on a range of mergers and acquisitions, management buy-outs and fundraising deals. He then established his own corporate finance business that completed over 80 transactions over a seven-year period.

Dan also has five years' experience as a Finance Director of two large private companies in the retail and manufacturing sectors.

Zoe Sear

Head of Marketing and Communications

Zoe joined Triodos Bank UK in July 2016, from Bristol City Council, where she headed up the office of the city’s first directly elected mayor, George Ferguson (2012-2016). This included leading the marketing and communications for Bristol’s year as European Green Capital (2015) with a brief to make sustainability mainstream.

She brings over 20 years’ experience in marketing communications to her role as Head of Marketing & Communications, across a range of sectors including financial services, retail, urban regeneration, tourism, sustainability and local government.

Zoe has previously held marketing roles with Lloyds Banking Group, PricewaterhouseCoopers, IBM and HBOS Financial Services. She was a founder director of Bristol-based Brandon Hill Communications, an award-winning, integrated agency acquired by Bray Leino in 2009.

Kit Beazley

Head of Brexit Implementation

Kit joined the bank in 2008 with 16 years’ experience in the financial services industry. He qualified as a Chartered Accountant with Price Waterhouse in London, where he continued to work for two years as a management consultant focusing on management information systems.

He then moved into financial services, spending ten years with Chartered Trust, the UK consumer finance subsidiary of Standard Chartered Bank. His roles included planning, treasury, finance and finally Head of Strategy, and he moved to Lloyds TSB to work in the Asset Finance Division when the company was sold to them.

A move to Zurich Financial Services added insurance to his banking experience, where he worked in capital management and finance roles across the UK businesses. He then moved to Stroud and Swindon Building Society where he worked as Finance Director for two years, before joining Triodos as Head of Finance. Working at Triodos meant his work was much better aligned with his long-standing support for organisations such as Friends of the Earth, Practical Action, Tree Aid and Sustrans, and with his Christian faith. He was Head of Finance for 10 years before moving into the role of Head of Brexit Implementation in January 2018.

Stefan Hargrave

Head of Internal Audit

Stefan joined Triodos in October 2018. He was previously Director of Internal Audit at Bupa, responsible for the transformation of the Internal Audit team within the Group and International Business. In accordance with good governance, Stefan reports directly to the Independent Non-Executive Director, Chair of the Audit and Risk Committee.

Stefan has over 15 years' experience in the financial services sector, with roles in insurance, re-insurance, asset management and payments. He is also an independent voluntary member of the Audit Committee of the Order of St John and St John Ambulance.

Triodos Bank saw a 17.2% growth in sustainable lending in 2018 and manages over €15.5 billion in assets

More than 5,700 businesses are financed by Triodos Bank, creating impact in 66 countries worldwide.

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