First bank in the UK to be recognised with responsible finance kitemark
Triodos Bank, Europe's leading sustainable bank, has been awarded a 'Good Egg' accreditation from the responsible finance organisation Good With Money. The kitemark is the only accreditation in the UK designed to make it easier for consumers to find financial providers that use finance to benefit people and planet, as well as offering a good deal for their pockets. Triodos is the first bank in the UK to be awarded a Good Egg mark.
The Good Egg kitemark is based on a rigorous matrix of criteria and determines how well a provider measures up against a range of different environmental, social and industry impact factors, taking into account the size and history of the firm and its performance.
Rebecca O'Connor, co-founder and editor of Good With Money, said: "Just in time for Easter, Triodos Bank has joined a select group of financial services companies that are able to prove they make a positive impact. This is not just by improving the lives of customers, but by benefiting society and the environment, too. Triodos passed the criteria for the Good Egg with flying colours and it's great to see them go from strength to strength in the UK. They now offer the leading ethical option in the current account market."
In assessing Triodos, a further level of analysis was provided by the Good Egg advisory panel, which includes:
- Anna Laycock, executive director of the Finance Innovation Lab,
- Fionn Travers Smith, former project manager for Move Your Money,
- John Fleetwood, managing director of 3D Investing, and
- Michael Fotis, founder of Smart Money People.
Triodos Bank only lends to organisations generating social, environmental or cultural benefit. This includes social housing, charities and social enterprises, renewable energy, organic food and farming and fair trade. Triodos Bank offers a current account, a full range of ethical ISAs, including Cash ISAs, a Stocks and Shares ISA and more recently an Innovative Finance ISA via the new Triodos Crowdfunding platform.
Bevis Watts, Managing Director at Triodos Bank UK, said: "The Good Egg for us represents an important step in providing guidance for people aiming to align their money with their values. It helps to identify the genuinely ethical options in the market. Thankfully many savers are now putting transparency and positive impact at their top of their criteria. At Triodos we publish every loan we make and are 100% transparent. In that way, we can show that we direct money to help finance change, building stronger communities and protecting the environment."
Good With Money initially worked with the UK Sustainable Investment and Finance Association (UKSIF) to develop the Good Egg mark which launched last year. Triodos Bank are now the fifth company to be awarded the mark - others include Thrive Renewables, Downing Crowd, Abundance and EQ Investors.
Notes to editors
A Good Egg is a mark that can only be used by financial services companies that are able to prove they make a positive impact, not just by improving the lives of customers, but by benefitting society and the environment, too. Look for a Good Egg if you want to have a savings account, insurance policy, investment fund or mortgage from companies that do the right thing. See our list companies that have earned a Good Egg. Find out more about how we rate companies.
Case studies of Triodos personal customers are available upon request.
Triodos Bank is committed to transparency and publishes all the companies that receive Triodos funds online at www.knowwhereyourmoneygoes.co.uk.
For media enquiries:
T: 0117 311 0229
M: 07817 413 792
About Good With Money
Good With Money is a media outlet designed to help the growing number of conscious consumers get a good deal on their finances while also doing good for the world. It aims to debunk the 'ethical premium' myth that good - or ethical - financial products do not offer competitive returns or value. It also aims to help grow the market for 'good' financial products by demonstrating demand.
About Triodos Bank
Triodos Bank is a global pioneer in sustainable banking using the power of finance to invest in projects that are good for people and the planet. Triodos uses its €14.5 billion (2017) in assets to create social, environmental and cultural value in a transparent and sustainable way.
With UK operations based in Bristol, Triodos Bank has branches in the Netherlands, Belgium, Spain, Germany and an agency in France. Globally, Triodos Bank has microfinance projects in Central Asia and Eastern Europe, and is a founding member of the Global Alliance for Banking on Values (GABV), a worldwide network of 43 banks seeking to transform finance into a vehicle of positive influence.
Triodos Bank NV (incorporated under the laws of the Netherlands with limited liability, registered in England and Wales BR3012). Authorised by the Dutch Central Bank and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our regulation by the Financial Conduct Authority and Prudential Regulation Authority are available from us on request. Firm reference number 183366.