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Neil Alldred

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Review of the Triodos Bank, Current Account:

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Mainstreaming ethics in financial management

I have been a long-term customer (30 years +) of the Co-operative Bank because of its public stance on ethics, its co-operative structure rather than a shareholder-led entity, and the lack of any other similarly ethical offering from the very large number of banking institutions in the UK and Ireland. Even before the Co-op Bank collapsed in 2013, I had been looking for other, more socially and environmentally focussed banks, and eventually dioscovered Triodos Bank, with whom I became a very modest Depository Receipts holder. When the opportunity to have a current account with Triodos emerged, I quickly seized the opportunity, and have been impressed by their diligence, professionalism and unerring focus on sustainability, environmental activism and social concern ever since. Triodos publishes all its loans and its sources of income; it attempts to evaluate "the triple bottom line" - profits, people and planet - and I feel that it currently (2022) is way out ahead of all other banking institutions in the degree to which it does this and the impact it has on the wider society. Even apart from the (hugely important ) ethical issues that all banks ought to consider, Triodos is an excellent provider of banking services and I couldn't dream of going elsewhere for the management of my spending and saving behaviours. It is a bank in a league of its own. Reviewed on: 15th January 2022

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