Triodos Bank, Europe’s leading sustainable bank, has named chartered environmentalist and ex-Wildlife Trust CEO Dr Bevis Watts as its new managing director in the UK.
It’s the first time a UK bank has selected an environmentalist to a lead executive role.
Promoting positive change
Watts’s appointment is an essential development in the bank’s strategy to use money to promote positive change in society.
With a background in the public, private and voluntary sectors, Watts – who has focused his 20-year career on leading organisations that have a positive impact on the environment and society – sees an opportunity for a radical new approach to banking.
‘Our banks are not serving the needs of society. They undermine our long-term ability to sustain ourselves. It is time to change the system and demonstrate a model for sustainable banking that uses the intermediary power of finance to benefit people and the planet. With the right values I believe banks can be a force for good and affect real positive systemic change in society.’
DR BEVIS WATTS
Managing Director of Triodos Bank
As CEO of Avon Wildlife Trust, Watts turned around a declining membership, growing the profile and land holdings of the mid-size charity.
As head of business banking at Triodos Bank UK from 2008 to 2012, he more than trebled lending and commitments to sustainable businesses in the UK.
At the Waste & Resources Action Programme (WRAP) Watts designed financial and business support schemes to stimulate growth in the UK recycling market, resulting in nearly £40m of new private finance.
Watts’s vision for the bank is both to invest in positive impacts for society and to create trust between banks and the general public by committing to transparent and prudent behaviours.
In an era where many financial institutions are driven purely by profit, Watts sees the need for banks to focus on their responsibility to customers and their role in society.