Measuring the impact of what we do for people, the environment and culture is important because we want our stakeholders to have a transparent picture of what Triodos Bank’s role in the wider world really means. But it’s not always easy to quantify in a meaningful way. Most measures of non-financial impact have both pros and cons – the quantity of people attending a culture performance is not the only, or necessarily the best, way to measure the positive benefit of a cultural performance, for instance. But it does provide an indication of the performance’s reach, and therefore the significance of the finance that helped make it happen.
We recognise that these figures can be improved and are working to do just that. In the meantime, we want you to have a clear picture of how we have come to the impact measures you will read in this report.
The following explains the approach we have taken per impact measure.
Energy and climate
The renewable energy projects
we finance generated enough
green energy to meet the
needs of the equivalent of
1,181,600 European households,
avoiding 1,624,373 tonnes of
The calculation of CO2 emission reduction, is produced using conversion rates (kWh gram CO2) from the Greenhouse Gas Protocol Initiative, based on the 2007 (International Panel for Climate Change) IPCC Assessment report. The conversion rates indicate the grams of CO2 avoided in the mix of all power plants in a country where we are active per kWh green energy produced in 2006 (the most recent date available to us). This mix also contains installed renewable energy capacity which is not what another green kWh would wish to save. So in reality the CO2 reduction is slightly higher. We make a calculation based on the average energy use per kWh per household to extrapolate to the figure opposite. We recognise that other methodologies are available in some countries like the UK (such as the British Wind Energy Association, BWEA, in the UK).
Arts and culture
During 2010 Triodos Bank
finance helped make it possible
for 3.3 million visitors to enjoy
theatres or museums across
The arts and culture figure we use is based on the number of people who attended events, or visited shows, in 2010, provided by institutions Triodos Bank finances in each of its branches. If this figure was not available we calculated the average number of people who attended an event or show at a particular project during the year, multiplied by the number of events it put on.
We measured at least 80% of the ‘Arts and Culture’ portfolio in each country, and extrapolated the remaining proportion based on this figure. If we were unable to measure 80% of a country's loan portfolio we have only included a figure for the proportion of the loan book that we could measure. Because of the complexity of accurately describing how many individuals they reach we have not included individual artists, musicians or their equivalent that Triodos Bank finances in this figure.
We recognise that an individual project may not have received all of its finance from Triodos Bank, and so it is not wholly responsible for its ability to put on these performances. But we believe that, typically, Triodos Bank’s financing of an arts and culture project plays a central role in its overall finances; so we can legitimately use this measure in this context.
Our specialised microfinance
funds provide finance to
85 microfinance institutions
in 43 countries, serving
7.4 million borrowing clients.
The evidence of the impact of our microfinance activity is drawn from Triodos Investment Management’s Emerging Markets Sustainability Management System. This information is based on detailed quarterly reports by the microfinance institutions in the portfolio, and annual reviews.
Care for the Elderly
During 2010 4,818 individuals
benefited from care for the
elderly projects at 70 care
homes financed by
We have calculated the number of elderly people served by projects financed by Triodos Bank as at 31 December 2010, across our European network. At least 80% of the care for the elderly loan portfolio in a branch is measured, and the remaining proportion extrapolated based on this figure. If we were unable to measure 80% of a country's loan portfolio we have only included a figure for the proportion of the loan book that we could measure.