The gender pay gap is a critical element of our wider ED&I activity, with the annual reporting giving us a metric to monitor our progress. We’re pleased to report that our overall gender pay gap has decreased again this year, and we are proud to see that our gender pay gap figures are again significantly below the average mean and median stats in the UK financial services sector. 

We are still on a journey to reach our aspiration of a 0% gender pay gap. We have seen the percentage of women in our upper and upper middle quartiles increase this year which has driven our overall improvement; however, we still do not have an even distribution of men and women across our pay grades which is the primary driver of our gender pay gap.  

What is the gender pay gap?

The gender pay gap is the percentage difference between the average hourly earnings of men and women across an organisation. The gender pay gap is different to unequal pay, which is paying men and women differently for performing the same (or similar) work.

What is Triodos’ gender pay gap?

 20242025

Mean gender pay gap

14.1%

12.6%

Median gender pay gap

12.8%

9.3%

Mean bonus gap

-15.8%

2.3%

Median bonus gap

-2.8%

1%

Proportion of men receiving bonus

91.2%

93.3%

Proportion of women receiving bonus

90.8%

90.6%

These figures are based on the average amount paid to men and women at Triodos Bank UK, regardless of their seniority or whether they work full-time or part-time.

In summary, our pay gap has decreased this year in both the mean and median metrics.

We do not operate a bonus scheme at Triodos Bank because we believe the impact we have is a joint accomplishment of all co-workers, and we do not believe that bonuses are an appropriate way to motivate and reward the right behaviours in a values-led organisation. Instead, our bonus data includes small payments in line with our values such as a wellbeing allowance, recognition awards where co-workers recognise each other for demonstrating Triodos behaviours and individual Tokens of Appreciation. 

“I’m pleased to see that for another year in a row, the gender pay gap at Triodos has reduced and is moving in the right direction. Reaching a 0% gender pay gap remains our ambition at Triodos as we continue to live by our values of responsibility, equity and freedom. The work we are doing in inclusive recruitment practices and female development really demonstrate our commitment to building a co-worker community where everyone can grow and thrive.”

Karen Furlong, Triodos non-executive board member and sponsor of the gender pay gap reporting

You can read more about our gender pay gap, and our activities to reduce the gap as part of our wider Equity, Diversity and Inclusion strategy, in our downloadable report. 

Download here

Triodos Bank UK’s gender pay gap

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