We offer two Socially Responsible Investment (SRI) funds the Triodos Sustainable Equity and Pioneer funds. Both funds are available in two different share classes, distribution and capitalisation.

The minimum initial investment per SRI Fund is £1,000, and the minimum top up amount is £500 per fund.

The minimum holding amount is £500 per share class, this means that your initial investment must be at least £1,000 per SRI Fund and £500 per share class. In addition to this, you are not able to sell part of your holding and leave a positive balance of below £500, and you will either need to sell your entire holding in that share class or if applicable a smaller amount.

You can top up your investment in the socially responsible investment (SRI) funds at any time. The minimum top up amount is £500. To instruct a top up, please complete a top-up form which can be downloaded from the below links:

• Ethical Stocks & Shares ISA top up form
  
• Non-ISA SRI top up form
  

You could also call us on 0330 355 0355 to request either form, and there are copies of the forms in the welcome pack that we sent you after you made your first investment.

Before you can apply for the Microfinance fund you will need to complete an Appropriateness Assessment. This will help us understand your knowledge and experience of this type of investment.

An Appropriateness Assessment can be downloaded below.

If we deem that the Triodos Microfinance fund is an appropriate investment for you, we will provide you with an application pack. Please note, that assessing the appropriateness of the Triodos Microfinance fund for you is not the same as providing financial advice. If you are unsure in any way whether the Triodos Microfinance fund is a suitable investment for you, you should seek independent financial advice. If you don't have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk.

Based on your responses to the questions in this assessment, if we deem that the Triodos Microfinance fund is not an appropriate investment for you, we will let you know and you will not be able to continue with your application. You may wish to look at an alternative product in the Triodos range in order to invest or save ethically.

To top up your Triodos Stocks and Shares ISA, simply download and complete the Stocks and Shares ISA top-up form below and post it to: Freepost TRIODOS BANK

Triodos Bank does not provide financial advice to savers and investors. We recommend that you seek the help of an Independent Financial Adviser. The following is general information about the changes, from 6 April 2016.

Cash ISA

With the Personal Savings Allowance (PSA), if interest rates were to rise then the level of savings you can have before having to pay tax on the interest could drop considerably. For example, at 5% AER a basic rate tax payer would only need £20,000 in non-ISA savings before they’d reach the £1,000 basic rate taxpayer allowance. This amount would drop to £10,000 for a higher rate taxpayer with an allowance of £500. Additional rate taxpayers are not eligible for a PSA but can still save tax free in an ISA. If your income changes, your tax rate may change and so this may lead to a change in your PSA.

Any interest earned on ISAs does not count towards your PSA. If you earn interest in non-ISA savings above your PSA, you’d have to pay tax on this.

Stocks and Shares ISA

Previously, dividends in a stocks and shares ISA were paid with 10% tax already taken off, which couldn’t be reclaimed. Following the introduction of the Dividend Allowance of £5,000 from 6 April 2016, dividends from a stocks and shares ISA will no longer have any tax taken off. They will be completely tax free regardless of their value, whereas dividends paid from non-ISA investments will be taxable over £5,000. There remains no Capital Gains Tax liability from a stocks and shares ISA.

Decide if you want to invest

• Understand the risks of your investment. An overview of the risks can be found in the Important information about applying for Depository Receipts and a comprehensive list can be found in the Depository Receipt Prospectus 2018
  

Complete the Appropriateness Assessment

• Before you can apply for Depository Receipts you will need to complete an Appropriateness Assessment
• This will help us understand your knowledge and experience of these types of investments
• Download, complete and return an Appropriateness Assessment to the (free post) address on the form
  

We'll get back to you

• If we deem that Depository Receipts are an appropriate investment for you, we will send you an application form in the post.
• If, based on your responses to the questions in the Appropriateness Assessment we deem that Depository Receipts are not an appropriate investment for you we will write to you to let you know and you will not be able to continue with your application
• Please note that assessing the appropriateness of Depository Receipts is not the same as providing financial advice and if you are unsure in any way if Depository Receipts are a suitable investment for you, you should seek financial advice

Invest

• If you have received an application form, please call us for a current price quote for Depository Receipts which will be provided in sterling and will typically be valid for 14 days. However, if the price of Depository Receipts or the euro-sterling exchange rate varies significantly within this 14-day period, we reserve the right to issue you with a new price at our discretion.
• Decide whether you want any dividends to be paid out to you, known as a cash dividend, or as additional Depository Receipts, known as a stock dividend. Dividends are variable and not guaranteed.
• We will write to you when we have received your completed application and cleared payment.
• Depository Receipts trade on a weekly basis and we submit all applications to buy and sell every Tuesday. Trades are then confirmed by our head office in the Netherland's on Wednesday with contract notes confirming the price and trade date sent the business day after the trade has completed, which is typically each Monday or the next working day in the case of a bank holiday.

The UK Branch of Triodos Bank is only registered to sell Depository Receipts to UK residents and UK domiciled organisations, whose beneficial owners and associated parties are also UK residents.

However, Triodos Bank has branches across Europe, so please contact your local Triodos branch to enquire about applying for Depository Receipts.

Depository Receipts are traded in euros and dividends, if paid, are in euros. Your total return is therefore subject to the euro-sterling exchange rate. This may adversely affect the sterling value of any investment in Triodos Bank or the amount of dividends you receive.

The funds are European SICAV funds, in euro, and in the UK they are made available for investment in Sterling.

Currency risk arises because the investments made by the funds are denominated in US dollars, euro and other foreign currencies. In principle the fund does not hedge the currency risk of these investments. As the UK share classes are offered in sterling, when comparing returns for these share classes to those generated for the euro share classes offered to European investors, returns will be affected by currency fluctuations between Sterling and the euro.

Sterling investment is converted to euro, then invested in various currencies by the fund. The returns on the fund are therefore in some part driven by the euro exchange rate compared to the currencies of countries invested in. The UK share classes are then impacted by the £/euro fluctuations when the fund performance is converted to sterling to calculate returns for UK share class holders.

As the Triodos socially responsible investment (SRI) funds invest in stock market listed companies, returns are variable and not guaranteed and you may not get back the amount you originally invested.

Past performance figures for both Funds can be found on our website:

• Triodos Socially Responsible Investment Equity Fund
  
• Triodos Socially Responsible Investment Pioneer Fund
  

Please note that past performance is not a guide to future returns.

Yes, you can split your ISA allowance into different types of ISAs: Cash, Stocks & Shares, Lifetime, and Innovative Finance.

The ISA allowance is the maximum amount you can invest across all types of ISAs in any one tax year. You can put your whole allowance into a particular type of ISA or you can split it between the different types of ISAs: Cash, Stocks & Shares, Lifetime and Innovative Finance. The ISA allowance for the 2018/19 tax year is £20,000.

You may wish to switch your existing investment between the Sustainable Pioneer Fund and the Sustainable Equity Fund. To instruct us to do this, a Switching form should be completed and returned to us. This form can be downloaded below, or call us on 0330 355 0355 and we’ll send you one.

Please be aware that with effect from 10th April 2017 the charges for investing in our SRI funds changed. If you decide to move all or part of your existing holding into a different fund or into an ISA with Triodos Bank UK after this date, the value of shares you wish to switch or move must be sold and repurchased and whilst the initial fee will be waived, the annual service charge will apply on the switched holdings from the date of the change.

Details of the initial and annual service charge can be found in the Supplementary Investor Document, which can be downloaded below.

You can find the current portfolio of each of the funds by visiting:

• Triodos Sustainable Pioneer Fund
  
• Triodos Sustainable Equity Fund
  

Her Majesty's Revenue and Customs (HMRC) ISA rules require you to make a declaration, when applying to open an ISA. This is to confirm that you are eligible to subscribe to your ISA.

If you haven't subscribed to your ISA for a whole tax year, then you need to declare your eligibility again and confirm that you haven't paid into another ISA of the same type in the current tax year. You will not be able to make any further deposits into your ISA until a new declaration is made.

If you have Triodos Internet Banking, you can complete a new declaration online. To do this, please log into internet banking and select 'Account Management, ISA Declaration Management', from the menu.

Alternatively you can download, print and complete a declaration form below, or you can contact us and we can post a declaration form to you.

Junior ISAs and Fixed Rate Cash ISAs do not need a new declaration to be made after the account is opened.

No. The UK offering is a sterling offering only and Depository Receipts purchased in the UK can only be purchased in pounds sterling.

You will receive a contract note in the post to confirm your Depository Receipts have been purchased. Depository Receipts trade on a weekly basis and we submit all applications to buy and sell every Tuesday to our head office in the Netherlands. Trades are then confirmed by our head office in on Wednesday, with contract notes confirming the price and trade date sent the business day after the trade has completed, which is typically each Monday or the next business day in the case of a bank holiday.

In order to complete your application form, please contact us on 0330 355 0355 so that we can provide you with the current British Pounds (GBP) price for Depository Receipts and confirm the total amount payable for the number of Depository Receipt’s you wish to buy.
Depository Receipts are priced in euros, and the euro price for Depository Receipts is set by our head office in the Netherlands each Tuesday. Triodos Bank UK convert the euro Depository Receipt price into GBP daily, using the prevailing exchange rate published on www.XE.com.
When deciding if Depository Receipts are right for you, it is important that you understand the risks associated with investing in Depository Receipts. An overview of the specific risks can be found in the DR Important Information document, and a comprehensive list can be found in the Prospectus, both documents can be downloaded below.
Please send completed application forms to our freepost address (please note this is treated as second class post):
Freepost TRIODOS BANK

Or you can post as usual in a stamped addressed envelope to:
Triodos Bank
Deanery Road
Bristol
BS1 5AS
A GBP Depository Request quote is valid for 14 calendar days and your application needs to be received within this time or you will need to request an up to date quote. However, should the price of Depository Receipts change or the euro-GBP exchange rate fluctuate significantly within this 14 day period, we reserve the right to issue you with a new price.
If this happens we will buy as many whole Depository Receipts as possible, and refund any difference to the account the payment came from. 
Please note that we are unable to accept applications where there is no valid quote so please contact us before you send us your application.

You can utilise your ISA allowance by 'wrapping' your existing SRI funds in our Ethical Stocks & Shares ISA, this is also known as a Bed and ISA. Within the Ethical Stocks & Shares ISA you benefit from no further tax on income and no capital gains tax. The benefits of an ISA depend on your individual circumstances and tax rules may change in the future.

To wrap your existing holding in an ISA it must be sold and repurchased. We do not charge for the sale or repurchase, and we waive the initial charge when purchasing your holdings back. However, you must adhere to the minimum investment amount of £1,000 and the minimum top up amount of £500 per fund.

Please note, when selling your holding outside of the ISA wrapper you will realise a capital gain or loss. Most people have a capital gains allowance of £11,700 (for the 2018/19 tax year), below which there is no charge on gains. If you happen to make a capital loss this can be used to offset future capital gains.

If you would like to wrap your holding in the Ethical Stocks & Shares ISA please download and print off the Ethical Stocks & Shares ISA Top Up form below.

We charge 0.5% with a minimum charge of £5 to buy and sell Depository Receipts. This charge is either paid up front when buying Depository Receipts or collected from your sales proceeds if selling. There are no other charges applicable to Depository Receipts.

Depository Receipts represent shares in Triodos Bank and are designed to protect the mission and independence of Triodos Bank.

Triodos Bank believes that it is crucial that its mission and independence is protected so all of Triodos Bank’s ordinary shares are held in a special trust called the Foundation for the Administration of Triodos Bank Shares, or SAAT to use its Dutch abbreviation.

To finance the shares, the Foundation or SAAT issue Depository Receipts. Both Triodos Bank’s ordinary shares and Depository Receipts are not listed on a stock exchange.

Depository Receipt holders are entitled to the economic rights associated with these shares, such as the right to any dividends that may be paid. However, Depository Receipt holders are not entitled to vote at the General Meeting and these rights are vested with SAAT to protect Triodos Bank’s mission and independence.

Triodos Bank and SAAT are keen to engage with Depository Receipt holders, and holders will receive periodic invitations to attend meetings with the senior management team of Triodos Bank and members of SAAT. Depository Receipts holders are also invited to attend and vote at the meeting of Depository Receipt holders which is held in conjunction with our Annual General Meeting in the Netherlands. Triodos Bank UK also hold an annual meeting at which we run a sperate meeting for our Depository Receipt holders to provide an update on the UK Branch and provide holders with an opportunity to meet our senior management team and discuss any questions they may have.

The Socially Responsible Investment Funds (SICAV I) dividends are paid if approved at the annual general meeting which is held on the third Wednesday of April each year. All distribution share holders as at the Record date will be entitled to a dividend payment. The key dates including the Record date and Payment date are communicated to shareholders by post each year.

RBC Dexia calculate and inform T. Bailey of the dividend rate on the Ex-dividend date. T.Bailey administers the payment of dividends to qualifying shareholders once dividend funds are received in the UK on the Payment date. A tax voucher or income statement will be sent to confirm the dividend amount.

No. As you are buying a direct asset in Triodos Bank your investment in Depository Receipts is not covered by any investment or deposit guarantee scheme.

The minimum investment is one Depository Receipt; there is no maximum investment although no one person or organisation can hold more than 10% of the whole Depository Receipt holding in Triodos Bank at any one time.

Applications for Depository Receipts are currently only made by post, there is no online application form.

Yes, you can choose to receive dividends paid in cash or reinvested as further Depository Receipts (stock dividend).

We write to Depository Receipt holders who currently elect to receive cash dividends in May each year to give them the opportunity to elect to receive a stock dividend.

You can also download a Stock Dividend Scheme Mandate below.

Triodos Bank is a values driven pioneering bank, in terms of our mission and what we do. To help you understand our protection of the values better, this is a brief explanation of the Bank’s ownership structure.

Triodos Bank believes that it is crucial that its mission and independence is protected. So all the Bank’s ordinary shares (‘Shares’) are held in a special trust called the Foundation for the Administration of Triodos Bank Shares, or SAAT to use its Dutch abbreviation.

Depository Receipts represent shares in Triodos Bank. SAAT issues these Depository Receipts for Triodos Bank Shares to the public and institutions. If you choose to invest you will own Depository Receipts representing Shares issued by SAAT.

As well as issuing them, SAAT exercises all of the voting rights for Triodos Bank Shares. Triodos Bank Depository Receipts are not listed on any stock exchange.

Depository Receipts give you voting rights in the Meeting of Depository Receipts Holders. Depository Receipts do not give you any voting rights in the Annual General Meeting of shareholders but they do give you the rights to receive dividend payments subject to the performance of the bank.

The table below shows the DR price in euro since 16 Feb 2009.

Past performance is not a reliable indicator of future results. Depository Receipts are denominated in Euro, and dividends are paid in Euro. The return on investments you make in Sterling is therefore also subject to movements in the exchange rate between Euro and GB pounds.

Alongside our personal and business banking services, we also connect investors directly with positive organisations seeking finance through our crowdfunding platform. You can choose to invest in bond or share offers by businesses, charities and social enterprises working to deliver positive change. Find out more about the platform at www.triodoscrowdfunding.co.uk

No. Applicants need to be aged 18 or above and you are unable to apply on behalf of another individual.

You can ask your bank to provide a counter cheque or bankers draft if you do not have a cheque account. On the draft you need to ensure:

• You write your name and address on the back of the draft or cheque.
• To ask the bank / building society to endorse on the reverse of the draft or cheque the full name and account number of the person whose account is being debited, and to stamp the endorsement.

Please ensure that the amount you request is the amount from a valid quotation provided to you by us.

The Innovative Finance ISA (IFISA) is a type of ISA that allows you to receive the interest you earn on eligible crowdfunded investments tax-free.

Only certain bond offers will be eligible. Share offers are not eligible for the IFISA. Bond offers that are eligible will be clearly marked on the crowdfunding platform and in the offer document and you will be given the option of investing either directly into the bond or through the IFISA when you apply.

You can open a Triodos Innovative Finance ISA if you are resident in the UK for tax purposes and are over 18 years of age.

To ensure compliance with the Money Laundering Regulations 2007, Triodos Bank may make an electronic search to independently verify personal identity and address, using the information you supply on your application form. In some instances we may need to ask you for further information or documents.

As a UK resident you are subject to UK tax. But by investing in this offering your investment will also be subject to tax in the Netherlands. The value of your investment will be affected by taxes levied in the Netherlands because Triodos Bank is resident there. In particular, part of any dividend paid to you by Triodos Bank will be retained by the Dutch tax authorities (Netherlands withholding tax) and may not be recouped by you under any tax treaty between the UK and the Netherlands. Legislation relating to taxation in both countries is subject to change and any future changes may adversely affect the value of your investment. There are further details on the risks associated with investing in the prospectus which you should read thoroughly.

By opening a Triodos Ethical Stocks and Shares ISA you can invest in either or both of our SRI funds:

• The Triodos Sustainable Equity Fund
  
• The Triodos Sustainable Pioneer Fund.
  

The target of the Fund is to invest 25-40% of its assets in equity (mostly local currency), up to 20% in subordinated and/or convertible debt (mostly local currency), 30-40% in local currency senior debt instruments and 10-20% in senior debt instruments denominated in U.S. Dollars and Euros. At least 10% of its assets will be invested in liquid assets.

Microfinance is the provision of financial services to low-income clients or those who traditionally lack access to banking and related services, specifically refering to institutions that specialise in making very small loans to very poor people in developing countries.

Our microfinance partners value the knowledge and expertise we bring to their business as an independent, values-driven bank, which shares their vision.

Another thing that sets us apart is our long experience in equity investments, which has enabled us to develop strong long term relationships, further reinforced by our active board membership in all investee companies and on the ground due diligence.

The outstanding professionalism and excellent reputation of our dedicated investment team provide a further compelling reason to invest in the microfinance sector with Triodos.

We believe that microfinance has a valuable role to play in lifting people out of poverty, and helping to create a fairer, more sustainable world. On the basis of this strongly held belief, we started investing in the microfinance sector in 1994, taking on the management of two foundation funds.

As a result, we've been able to build relationships and develop our understanding of the sector, from its earliest days; and we have funded a number of microfinance institutions that have subsequently become among the most successful in the world.

The annual service charge is collected by Triodos Bank UK to cover costs of providing our investment services, including ongoing administration costs.

The annual service charge is expressed as an annual percentage and is calculated monthly based on the value of your holdings on the last business day of the month. On the first business day of the new month shares will be sold to cover the charge. By Business Day we mean any day on which banks are open for business in Luxembourg and the UK i.e. any day other than Saturdays, Sundays or other public holidays

Please be aware that the sale of shares to cover the annual service charge is classified as a disposal for Capital Gains Tax purposes and may need to be declared to HMRC.

The annual service charge will be itemised on your quarterly statement, which provides a breakdown of all charges applied over the previous quarter along with any additional trades during the period.

There is a 0.5% Initial Charge* applied to all new investments, which is taken from your subscription amount.

We also apply a 0.4% annual service charge which is charged on a quarterly basis. The annual service charge is expressed as an annual percentage and is calculated monthly based on the value of your holdings on the last business day of the month. On the first business day of the new month shares will be sold to cover the charge. By Business Day we mean any day on which banks are open for business in Luxembourg and the UK i.e. any day other than Saturdays, Sundays or other public holidays

Please be aware that the sale of shares to cover the annual service charge is classified as a disposal for Capital Gains Tax purposes and may need to be declared to HMRC.

The annual service charge will be itemised on your quarterly statement, which provides a breakdown of all charges applied over the previous quarter along with any additional trades during the period

There is also an Annual Management Charge (AMC) factored into the share price as part of the Ongoing Charges. The AMC is 0.75% for the Triodos Sustainable Equity Fund and 0.95% for the Triodos Sustainable Pioneer Fund.

When comparing investment fund charges in the market, you might come across the term Ongoing Charges or Total Expense Ratio (TER). They are both a type of cost calculation which estimates the total charges that will be taken from a fund throughout the year, including the AMC mentioned above. Details of what makes up Triodos Investment Managements Ongoing Charges and their maximum levels can be found in the Key Investor Information Documents (KIIDs) and Prospectus. What has actually been charged can be found in the Annual and Semi-annual reports.

*If you are investing more than £500,000 please call us on 0330 355 0355.

Some products and services are considered by Triodos Bank to be so detrimental to a sustainable society that we choose not to invest in them. We therefore apply a zero-tolerance threshold to companies that derive any direct revenue from four specific areas:

1. Hazardous substances
2. Nuclear energy
3. Unconventional oil and gas
4. Weapons

There are other products and services where we employ a 5% threshold. In this category of products and activities we include animal testing, tobacco production*, factory farming, pesticides, fur, pornography and gambling. Companies involved in those activities can be accepted for sustainable investment if their revenues from these activities are less than 5% of total revenues and in most cases additional policy requirements are obligatory. Triodos Bank considers that five per cent or less of total revenues derived from involvement in these industries to be minor. In our experience, companies that derive more than five per cent of their revenues from these products and services have usually made a deliberate choice to be involved in them. Within this five per cent threshold we therefore distinguish between companies that make a deliberate choice to be involved, and those that are involved because it’s a secondary or indirect activity, making it very difficult to eliminate completely.  It’s important to note that this acceptance must be alongside clear policy and adherence to codes, for example on pornography, strict rules around children and underage exposure would be required.

*the threshold is 10% for revenue from tobacco sales.

With the money entrusted to Triodos SRI funds comes the responsibility - and the power - to influence the way the companies in which we may invest do business. So, as a key element of our SRI strategy, we pursue a policy of active engagement and dialogue, with the aim of raising awareness of sustainability, stimulating action and creating lasting change. We engage with companies during the selection process, through assessments, by monitoring companies after investment/selection (Triodos also engages and monitors the companies in the universe not only the ones that are in the portfolio) and as a shareholder through exercising voting rights and influencing other shareholders.

There are different levels of risk associated with each fund offered. You must read all supporting documentation for each fund to make sure you can make an informed investment decision.

• The Triodos SICAV I Key Investor Information Document shows a risk scale between 1 to 7 (with 7 as higher risk) - the Sustainable Equity Fund is defined as level 5 and the Sustainable Pioneer Fund as level 6.

If you are unsure as to the appropriateness or suitability of investing in the funds and/or with Triodos Bank, you should contact an independent financial advisor. The value of investments and the income derived from them may go down as well as up and you may not get back the amount originally invested.

Company engagement papers published on our website and our periodic newsletters will provide further information on how we continue to engage and influence companies that are included in the Triodos investment universe on your behalf. 

You can request a transfer from your existing Triodos Bank savings account on the application form (excluding bond accounts). When we receive your completed application with this request we will make the transfer on your behalf. If your account has a notice period we will make the transfer immediately and you will not be charged an early access penalty charge.

The Triodos Socially Responsible Funds are sub-funds of Triodos SICAV I, a “Société d’Investissement à Capital Variable” established in Luxembourg. Triodos SICAV I has a Passport into the UK, enabling UK distribution. Triodos SICAV I, including its sub-funds, is governed by the law of the Grand Duchy of Luxembourg.

Triodos Sustainable Equity Fund
Triodos Sustainable Equity Fund offers investors the possibility to invest in equities issued by larger listed companies worldwide delivering superior social and environmental performance within their sector as well as a strong financial performance.

Triodos Sustainable Pioneer Fund
Triodos Sustainable Pioneer Fund provides investors the opportunity to invest in equities issued by innovative and pioneering small and medium-sized listed companies worldwide that focus on the sustainable themes of climate protection, clean planet, healthy living, and or corporate social responsibility.

Key Investor Information Document (KIID): Each fund share class has its own KIID. Its aim is to help you decide whether a particular fund meets your needs. It comes in a standardised format and contains specific information about the fund, such as its investment objectives and policy, the risk and reward profile of the investment. The KIID should be read in conjunction with the SID. You can download all these documents below.