Triodos Bank sets target to reach net zero by 2035
Triodos Bank, a frontrunner in sustainable finance for more than 40 years – wants to be net-zero as early as possible, at the latest by 2035.
Their ambition is that the greenhouse gas emissions of all Triodos Bank's loans and funds’ investments will be greatly reduced, using a science-based targets approach. The remaining emissions will be balanced or ‘inset’ by investing considerably in nature projects that remove greenhouse gases from the air. With this target, Triodos Bank’s portfolio of loans and funds’ investments will be aligned with a maximum global temperature rise of 1.5 degrees Celsius.
As one to zero
In formulating its target, Triodos Bank has adopted a holistic approach in support of its mission to create positive impact on people and nature. Triodos Bank wants to reduce emissions, whilst also considering for instance biodiversity and social inclusion of all people. It wants to intensify its collaboration with clients, customers and other stakeholders to reach this challenging but realistic target. Jeroen Rijpkema, Chief Executive Officer at Triodos Bank: “We can only get to zero as one.”
Read the full press release here