We’ve also been looking to prototype new ways to manage and report the change we’re financing. Harnessing the input of academics and practitioners from across the Triodos Bank network, we have developed tools which will provide more relevant data about the impact we, and our customers, make in the world. This will help us to improve our decision making from an impact, risk and return perspective when expanding our loan book. And it will provide practical ways to increase the positive changes we make together.
Finally, we’re working with a number of groups of like-minded financial institutions to campaign for change across the wider sector. We supported the launch the UN Principles for Responsible Banking in the UK earlier this year and helped found the Global Alliance for Banking on Values, an independent network of 54 banks using finance to deliver sustainable economic, social and environmental development.
If one bank can power millions of households with renewable energy, imagine the impact that dozens of banks could have with their combined assets.