Triodos Bank: officially a ‘Good Egg’Ethical News News & Features
Triodos Bank, Europe’s leading sustainable bank, has been awarded a ‘Good Egg’ accreditation from the responsible finance organisation Good With Money.
The kitemark is the only accreditation in the UK designed to make it easier for consumers to find financial providers that use finance to benefit people and planet, as well as offering a good deal for their pockets. Triodos is the first bank in the UK to be awarded a Good Egg mark.
Making a positive impact
The Good Egg kitemark is based on a rigorous matrix of criteria that determine how well a provider measures up against a range of different environmental, social and industry impact factors, taking into account the size and history of the firm and its performance.
‘Triodos Bank has joined a select group of financial services companies that are able to prove they make a positive impact. This is not just by improving the lives of customers, but by benefiting society and the environment, too. Triodos passed the criteria for the Good Egg with flying colours and it’s great to see them go from strength to strength in the UK. They now offer the leading ethical option in the current account market.’
Co-founder and editor of Good With Money
Aligning money with values
Triodos Bank only lends to organisations generating social, environmental or cultural benefit. This includes social housing, charities and social enterprises, renewable energy, organic food and farming and fair trade.
Triodos offers a current account, a full range of ethical ISAs, including Cash ISAs, a Stocks and Shares ISA and more recently an Innovative Finance ISA via the new Triodos Crowdfunding platform.
‘The Good Egg for us represents an important step in providing guidance for people aiming to align their money with their values. It helps to identify the genuinely ethical options in the market. Thankfully many savers are now putting transparency and positive impact at their top of their criteria. At Triodos we publish every loan we make and are 100% transparent. In that way, we can show that we direct money to help finance change, building stronger communities and protecting the environment.’
Managing director at Triodos Bank UK
Good With Money initially worked with the UK Sustainable Investment and Finance Association (UKSIF) to develop the Good Egg mark, which launched last year. Triodos Bank is now the fifth company to be awarded the mark; others include Thrive Renewables, Downing Crowd, Abundance and EQ Investors.