Investments take place through investment funds or investment institutions bearing the Triodos name and are managed by Triodos Investment Management. The funds are offered to retail investors through Triodos Bank and third parties like other banks, and to non-retail investors in several countries. The investment funds vary in size and risk profile. You can find more details about Triodos Investment Management’s work here.
In the UK, sales of Socially Responsible Investment (SRI) Funds were approximately GBP 16 million. Triodos Bank also became the first regulated bank in the UK to launch its own crowdfunding platform (www.triodoscrowdfunding.co.uk) providing direct investment opportunities to everyday investors.
The site raised nearly GBP 20 million for nine pioneering organisations in 2018. More than 2,200 registered users funded bonds including community renewable projects, charities and organic entrepreneurs.
In Belgium capital inflow in distributed funds continued to grow. Together this resulted in growth in distributed funds of 7.6% (2017: 19.1%) to EUR 245 million. The volume of Private Banking clients portfolios grew by 9.5% to EUR 447 million (2017: EUR 408 million). The Triodos Impact Portfolio successfully launched at the end of 2017 in Belgium was in 2018 also opened to professional clients with, for example, the VUB university of Brussels choosing to invest. The Impact Portfolio enables investment in a basket of Triodos investment funds, that are aligned with the investors’ profile. The Belgian branch launched a new campaign in the Autumn of 2018 promoting her investments. The campaign combined powerful testimonials from clients, local information evenings in three cities and built on content such as white papers about Triodos Bank’s SRI investments.
Triodos Bank Spain’s pension plan which uses stringent Socially Responsible Investment and impact criteria continues to grow, closing the year at EUR 15.9 million. EUR 10.6 million was also raised in equity thanks to a campaign at the end of the year together with the permanent offer of depository receipts. Close to 7,900 Spanish clients now invest in Triodos Bank.
The German branch distributed EUR 2.0 million in Triodos sustainable funds during the year and the volume of the overall assets grew to EUR 17.6 million. The number of depository receipt holders increased by 18% to 876, raising equity by EUR 3.7 million, up by 23%.
The Dutch branch contributed EUR 68 (or 67.8) million in new capital for the bank itself with 2,100 (or 2,129) new depository receipt holders choosing to invest.
Innovative new partnerships during the year, included a collaboration between Triodos Bank Germany, Triodos Sustainable Finance Foundation and bettervest, a German crowdfunding platform specialising in small-scale sustainable energy projects. The initiative aims to increase investment opportunities in energy efficiency projects for private investors.