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Business Risk

Triodos Bank defines business risk as the risk caused by changes in external factors like competitive relationships, stakeholders, reputation and business climate. Strategic risk is caused by internal factors within the organisation. Business risk arises outside of the organisation. Given that both risks can affect the organisation’s ability to achieve its overall objectives, they are managed together as described under strategic risk.

Financial reporting risk

Triodos Bank is subject to financial reporting risk which is mainly related to estimates and assumptions applied as further disclosed in the financial statements on page 87.

Tax risk

Triodos Bank is subject to international tax risks because it operates in several European countries. These risks are managed by a framework of tax controls underpinned by close cooperation between head office and the Triodos Bank branches.