The Global Alliance for Banking on Values was co-founded by Triodos Bank early in 2009, bringing the world’s leading sustainable banks together, to help build a more sustainable economy.
The network is growing and numbered 14 members by the end of the year. It enables senior professionals from pioneering sustainable banks around the world to share expertise and inspiration, and develop effective projects to build the sustainable banking movement.
During the year the network hosted a meeting of Human Resources Directors from member banks, resulting in the development of a fellowship programme to post talented individuals on secondments in other member institutions.
In the Autumn 2011 Triodos Investment Management hosted a two-day workshop for its investee partners. This annual workshop explores the developments and challenges of the microfinance sector. This year Managing Directors and Board Members from microfinance partners in Laos, Tanzania, Uganda, Ecuador, Kyrgyzstan, Sri Lanka, Peru, Colombia, Paraguay and Mongolia debated ‘The future role of microfinance institutions’ and ‘Rural outreach and sustainable agriculture’.
In early 2011, a group of investors, including Triodos Investment Management and Her Royal Highness Princess Máxima of The Netherlands, UN Secretary General’s Special Advocate for Inclusive Finance for Development, launched the jointly developed Principles for Investors in Inclusive Finance. The Principles have become part of the United Nations Principles for Responsible Investment, and are intended to put the interests of the end client of microfinance services at the heart of microfinance.
Triodos Bank is also the co-founder and a member of Social Venture Network Europe, European Social Investment Forum (EUROSIF) and the International Association of Investors in the Social Economy (INAISE). In addition, it is a member of the Global Reporting Initiative (GRI), Clinton Global Initiative, Carbon Disclosure Project (CDP) and the United Nations Environmental Programme Finance Initiative (UNEP FI).
The Bigger Picture
While Triodos Bank was not directly affected by the financial crisis and has continued to maintain positive and sustained growth, it is indirectly impacted by the continuing economic downturn as are many of its customers in the real economy.
Triodos Bank regularly stimulates and participates in public debate, via the media, on issues that relate to its work.