The Triodos Stocks & Shares ISA has been recognised as ‘Best Buy’ by Ethical Consumer magazine.
This is the first time that the magazine has looked specifically at Stocks & Shares ISAs.
Triodos was noted by the judges as being a ‘brilliant’ example of a provider with a ‘truly robust exclusion and inclusion criteria’, moving money away from harmful sectors to positive ones every time a customer invests.
Ethical Consumer also recognised Triodos’ transparency, noting that Triodos publishes details of its full holdings.
Bevis Watts, CEO of Triodos Bank UK, said: “We are very proud of the portfolio of award-winning impact investment funds managed by Triodos Investment Management, which we offer as a Stocks & Shares ISA. We see impact investing as a driving force in the transition to a more inclusive and sustainable world and we’re delighted that our mission to make money work for positive social, environmental and cultural change has been recognised by Ethical Consumer.
“At Triodos we don’t just have ethical offerings; being truly sustainable is the foundation on which our company is built.”
Clare Carlile, writer & researcher at Ethical Consumer and author of the guide, commented: "More and more companies are claiming to offer ethical investment options, including Stocks & Shares ISAs. We wanted to see whether their claims hold up! With lots of companies failing to explain to customers how they are actually ethical, we hope our research will separate out the options that consumers can trust.
"Triodos was a standout Best Buy. It was the only company offering ISAs that meet all four of our criteria. We were pleased to see not only the strength of Triodos' criteria when deciding where to invest, but how transparent they are. Customers can check on the website where their money is going, which is so important."
Along with The Big Exchange, Triodos outperformed Clim8 Invest, CIRCA5000, Interactive Investor, Hargreaves Lansdown, OneFamily, Wealthify, Nutmeg and Bestinvest to earn the Best Buy accreditation.
The magazine judged 10 providers as to their performance against four key criteria:
- Is the whole company ethically focused?
- Does the ISA clearly exclude fossil fuels?
- Is the company transparent about its criteria and methodology?
- Is it transparent about your investments prior to purchase?
Triodos was the only provider to fulfil all four of the examined criteria.
Notes to editors
For further information and photos please contact:
Ellie James, Triodos Bank
- 0117 311 0241
About Ethical Consumer
Ethical Consumer is an independent, not-for-profit, multistakeholder co-operative founded in 1989 and based in Manchester. Its primary goal is making global businesses more sustainable through consumer pressure. Its mission is to:
- Help consumers to challenge corporate power by using their economic vote every time they go shopping.
- Democratise the market by enabling consumers to assert their own ethical values by using Ethical Consumer’s shopping guides.
- Have a fully transparent ranking system. All their data is available to subscribers.
- Engage with companies by telling them why ethical consumers are buying or not buying their products. Ethical Consumer also send them detailed questions about their policy and practice on ethical issues.
- Push for wider political action and legislative change. Ethical consumerism is not a replacement for other forms of political action. But it is an important additional way for people to exert their influence.
About Triodos Bank
Founded in 1980, Triodos Bank has become a frontrunner in sustainable banking globally. As an independent bank that promotes responsible and transparent banking, it does not see any conflict between a focus on people and the planet and a good financial return. Instead, it believes that they reinforce each other in the long-term.
Triodos Bank has banking activities in the Netherlands, Belgium, the UK, Spain and Germany as well as Investment Management activities based in the Netherlands but active globally. Triodos Bank co-founded the Global Alliance for Banking on Values (GABV), a network of 63 sustainable banks. Together these banks want to grow sustainable banking and its impact on the real economy substantially.
Triodos Bank UK Ltd is a wholly owned subsidiary of Triodos Bank NV. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales Company No. 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008. VAT reg no 793493383.
This financial promotion has been issued and approved by Triodos Bank UK Limited for the purposes of section 21 of the Financial Services and Markets Act 2000. Triodos Bank UK Ltd. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales with registered number 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008. Details about the extent of our regulation by the Financial Conduct Authority and Prudential Regulation Authority are available from us on request.