Triodos

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  • 1968 study group set up in Holland
    Triodos Foundation established 1971
    Triodos Bank NV established in 1980
    European expansion - Belgium 1993, UK 1995, Spain 2004, Germany 2009 (and lending to Ireland through UK and France through Belgium).
    1990 launched our first green funds
    1994 launched two of the world’s first Microfinance Funds
    1995 Triodos Renewables Plc launched
    launch of personal current account service in Netherlands in 2007.
  • Triodos

    1. 1. Ethical Finance and Triodos Charles Middleton Managing Director Triodos UK
    2. 2. Agenda • Context • An overview of Triodos Bank • A bit about our history / ethical banking • What we do and how we do it • Our services • Microfinace
    3. 3. What is the role of a bank? • Promote the more conscious use of money • Credit and savings! • Help to build sustainable businesses • Establish long term relationships • Provide a fair return to all stakeholders • Help to provide solutions for even the most challenging situations • Be a responsible member of the community
    4. 4. “The healthy social life is found, When in the mirror of each human soul, The whole community finds it‘s reflection And when in the community, The strength of each one is living.”
    5. 5. Context • Financial mayhem • Ethical consumption • SRI • Banking
    6. 6. Connecting savers with borrowers All of our lending is to projects that have an overt positive impact; eg • renewable energy • organic food and farming • social housing • fair trade • social enterprise
    7. 7. A brief history of ethics in finance
    8. 8. Ethics in finance • 19th Century religious investors – Quakers / Methodists • 1960’s green movement – Earth from space • 1971 PAX US fund - avoided investments linked to Vietnam war • early 1980’s – international campaign against Apartheid in South Africa including boycotts • 1980’s trans-boundary industrial environmental disasters – Chernobyl & Exxon Valdez
    9. 9. A brief history of Triodos
    10. 10. 1980 Opening Triodos Netherlands 1990 First green fund in Europe 2008 Launch of Triodos Sustainable Trade Fund 2009 Opening Triodos Germany2007 Launch of Triodos Values Pioneer Fund 1994 Launch Stichting Triodos-Doen and Stichting Hivos- Triodos. 1997 Launch Triodos Added Value Fund 1998 Triodos Green Fund. 2002 The Triodos Fair Share Fund is launched 2004 Sustainable Real Estate Fund 2006 Opening Triodos Headquarters in Netherlands 1993 Opening Triodos Belgium 2006 Triodos Culture Fund starts operating 1995 Opening Triodos UK 2004 Opening Triodos Spain
    11. 11. Brunel House - Bristol
    12. 12. Our Mission Our Aims • Promote quality of life and human dignity • use money more consciously in ways that benefit people and the environment, and promote sustainable development • offer customers financial products and high quality service • to be a sustainable service provider and create a broad customer base • to be a product innovator at the forefront of new opportunities • to be an opinion leader – to stimulate public debate.
    13. 13. What does this really mean? • Open book • Doing business with the real economy • Long term view • Genuine engagement with all stakeholders
    14. 14. We only lend to projects and enterprises which create social and environmental value. Our loan book - Inspiring Change is Published annually and lists all the organisations Triodos lends to Transparency
    15. 15. Know where your money goes Online interactive tool allowing anyone to search through our loan book by keyword, location or sector Regularly updated with new lending Helps customers pinpoint where their savings are going making them more connected to their money and their community
    16. 16. Food for thought Satish Kumar
    17. 17. Co-worker visits to borrowing customers Elizabeth Brown at The Better Food Company
    18. 18. Green Money Bus Tour
    19. 19. Customer engagement - Annual Meeting
    20. 20. Annual Meeting
    21. 21. How we are doing
    22. 22. About us • Winners of the 2010 Queen’s Award for Enterprise for our pioneering approach to finance • 2009 Financial Times award: ‘Sustainable Bank of the Year’
    23. 23. Headline figures • €4.9bn funds under management (increase of €1.1bn on 2008) • 242,000 account holders (27% increase on 2008) • €1.6bn (25% increase on 2008) in lending to over 14,000 sustainable projects • €1.6bn Investment funds (31% increase on 2008). As at 31 Dec 2009
    24. 24. Group lending 2004 – 2011
    25. 25. Quality loans • Very low provision for ‘doubtful debt’ • historically very low level of provisions due to: – quality lending (no sub prime!) – asset backed in vast majority of cases – loan to value rate usually 75% or less – know and understand the industries – carry out robust due diligence checks
    26. 26. Assurance to our customers • BIS ratio of 16.3% • savers are covered under the Dutch Deposit Guarantee Scheme for personal deposits up to €100,000 • we are authorised by the DNB and regulated by the FSA for the conduct of UK business.
    27. 27. Personal banking • Deposits directly support lending to ethical organisations • Saver / Online Saver • Cash ISA / Online Cash ISA • Fixed Regular Saver • 2, 3 and 5 year Fixed Rate Bonds • Charity Saver • Young Saver
    28. 28. Business banking • Full banking service, including loans and overdrafts where appropriate • Online capability • Dedicated relationship managers who specialise in specific industries or sectors • Loans reviewed on financial and ethical merits.
    29. 29. Investment banking • Provide investment opportunities directly into ethical companies and sectors • no involvement in derivatives, hedge funds, structured products • Recent offering includes: – Triodos Renewables PLC – EIS Green Fund Issue II – Microfinance Fund – Social Enterprise Fund (closed June 2010) – Ethical Property CompanyMicrofinance Investing
    30. 30. Microfinance investing • Pioneers in microfinance - investing since 1994 • four microfinance funds with different risk/return profiles • 9 dedicated staff with 45 years experience • €140 million assets under management (as at 30 June 2008), spread over 80 microfinance institutions (MFIs) in 40 countries • active shareholder in 18 prominent MFIs.
    31. 31. Example: Development investee ACLEDA Bank in Cambodia
    32. 32. What is the role of a bank? • Promote the more conscious use of money • Credit and savings! • Help to build sustainable businesses • Establish long term relationships • Provide a fair return to all stakeholders • Help to provide solutions for even the most challenging situations • Be a responsible member of the community
    33. 33. Useful sources • EIRiS www.yourethicalmoney.org • UK Sustainable Investment and Finance Association (UKSIF) www.uksif.org
    34. 34. 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 (DNB) and regulated by the Financial Services Authority (FSA) for the conduct of UK business. Charles Middleton Managing Director Triodos Bank UK 01179809778 charles.middleton@triodos.co.uk www.triodos.co.uk Triodos Bank NV, Brunel House, 11, The Promenade, Bristol BS8 3NN

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