Triodos Bank joins forces with Fondaction to accelerate positive change in global finance

Montreal/Amsterdam, 7 May 2024 -. Triodos Bank N.V. and Canadian pension fund Fondaction, two leaders at the forefront of sustainable finance and impact investing, are proud to announce an innovative partnership with the explicit intention to finance positive change and to change finance.

Both Triodos Bank and Fondaction have been using money for positive change for decades already, financing initiatives that contribute to addressing the many interconnected global challenges our society is faced with, such as climate change, loss of biodiversity and increasing social inequality. To address these global challenges more capital is needed to finance sustainable initiatives and as such we need to urgently scale finance with integrity, increasing our focus on sustainable finance and impact investing.

Building on their extensive track record, both entities will collaborate to accelerate the pace of change by financing positive change on the one hand and advocating for the financial sector to become fairer, more inclusive, greener and more efficient, on the other.

Finance Change. Change Finance

Nature is a key theme for both organisations and the path is clear: financial institutions must stop funding activities that are harmful to nature and instead start fostering direct solutions. As part of this partnership, the subsidiaries of both entities, Triodos Investment Management and Fondaction Asset Management, will set-up a joint venture that focusses on addressing the finance gap for biodiversity and natural capital solutions in developed markets, such as regenerative agriculture, sustainable forestry and nature restoration.

The joint venture will focus on financing real assets through the development of a closed-end fund platform, which will invest private capital in projects and organisations active in biodiversity, nature, and climate resilience.  

Hadewych Kuiper, Managing Director of Triodos Investment Management, Member of the Management Board: “The need to address global challenges such as climate change and loss of biodiversity has never been more important. We strongly believe in the power of collaboration to truly make a difference as we cannot do it alone. As such, we are very excited to partner up with a like-minded investor such as Fondaction to jointly finance change and change finance.” 

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