Triodos has been advocating for the critical role of the financial system in reversing biodiversity loss ever since the bank was founded in 1980. We are proud of our heritage as a frontrunner in financing nature-based solutions.
Innovative business models have the potential to supercharge nature restoration. In 2024 Triodos Bank announced its commitment to provide at least EUR 500 million in investments, loans and contributions to the nature-based solutions sector by the end of 2030 as part of its biodiversity targets.
The UK government introduced the BNG scheme in February 2024, placing a legal requirement on residential, commercial and infrastructure developers to demonstrate a minimum net gain of 10% of biodiversity as a condition of planning permission.
In the consultation response, Triodos Bank UK asks the government to:
- Maintain meaningful coverage of BNG across the system to protect nature and avoid collapse in biodiversity unit markets
- Simplify the process by exempting only single dwellings
- Reduce misuse of the current de minimis exemption by introducing a clear, area-based threshold.
Whitni Thomas, Head of Corporate Finance, Triodos Bank UK, said: “There is a very positive emerging industry around the BNG market that needs to see policy certainty, fair enforcement, and transparent monitoring. Predictable market demand will be essential to unlocking private sector investment, crowd in finance and deliver high-integrity biodiversity outcomes that can meet the challenge to protect and restore nature.”
You can read Triodos Bank's response to the consultation here (PDF download).
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