Triodos was one of only two providers to secure Ethical Consumer’s ‘best buy’ rating, topping the leaderboard with 13.5 points out of 14. The independent research singled out the bank’s “exemplary transparency” which they described as being “way ahead of anyone in the sector”. A special May/June issue of the magazine focused on money tackles what is described by Ethical Consumer as a “tsunami of greenwash” from investment managers.
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.”
Shanta Bhavnani and Louisa Gould, who authored this year’s guide, commented: “Triodos consistently tops our tables for its financial products, not least because of its ethical investment policy and complete transparency about all of its loans and investments.
“We think that most people investing in an ISA marketed as ‘sustainable’, ‘responsible’ or ‘ethical’ will assume that it avoids fossil fuels – but it isn’t always the case. Only Triodos clearly excludes fossil fuels across its entire investment portfolio.”
Research published by Triodos Bank UK in March found that three quarters of the UK public (73%) believe we need to collectively invest in long-term solutions to the issues the world is facing – such as investing in renewable energy to bring down energy costs and reduce our reliance on fossil fuels.
Furthermore, almost two-thirds of people surveyed (65%) said that individual investors have a responsibility to ensure their money is being used for good, instead of funding harmful industries such as oil and gas.
In addition to the Stocks & Shares ISA, Triodos’ Pioneer Impact Fund was also ranked second for ethical investment funds, and was one of only two providers to be awarded the ‘best’ rating for carbon management and reporting.
Notes to editors
For further information please contact:
Ellie James, Triodos Bank
- 0117 311 0241
- [email protected]
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.
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.