Triodos

About Triodos

Policy assessment

95%

Social media

Bank's Policy

Animal Farming & Food Production
90%

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Food & Agriculture:
The principle of fairness
Organic Agriculture should build on relationships that ensure fairness with regard to the common environment and life opportunities (both among people and in relation to other living beings). The principle includes consideration for the social and economic wellbeing of all human parties involved, but also for the conditions and opportunities of life that accord with animals’ psychology, natural behaviour and well-being.
(…)
The principle of care
(…) In addition, high standards of animal welfare, with utmost respect for the Five Freedoms of animals, should be maintained.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Food & Agriculture:
The principle of care
(…) In addition, high standards of animal welfare, with utmost respect for the Five Freedoms of animals, should be maintained.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Huevos: 3, 2, 1, 0
¿Qué huevo elegimos?
De acuerdo con su compromiso con una alimentación de calidad y respetuosa con el entorno, Triodos Bank concede crédito a productores de huevos de tipo 0, es decir, ecológicos. Un producto que puede encontrarse de forma cada vez más habitual en los comercios y que también suelen distribuir iniciativas como los grupos de consumo ecológicos.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Food & Agriculture:
we only support organic businesses;

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Food & Agriculture:
we only support organic businesses;

Comments on score: The policy does not cover painful procedures. Some procedures, like dehorning, are allowed under organic farming

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum Standards:
Factory farming
Factory farming is characterised by livestock kept in confinement and at high density. Triodos Bank believes that organic agriculture, which is found at the opposite end of the farming spectrum, is the only systematic approach to sustainable agriculture and food production. Triodos Bank expects companies that are involved with (wild) animals to respect the Five Freedoms principle, referring to freedom from hunger and thirst, freedom from discomfort, freedom from pain, injury and disease, freedom to express normal behaviour and freedom from fear or distress.
Triodos Bank excludes companies that:
- Operate in industries identified as high-risk for the use of products from factory farmed animals18 and do not have a policy on animal welfare or do not apply sufficient animal welfare standards19 to the animal products they buy or produce.
- Operate in the Food & Staples Retailing industry and are not part of initiatives to improve animal welfare, do not promote products with better animal welfare standards and do not offer organic animal products or other products with better animal welfare standards.
- Operate in the Food Products industry using animals and do not offer alternative products containing organic animal ingredients.
- Operate in the Hotels, Restaurants & Leisure industry and do not offer vegetarian or organic alternatives to regular meals.
- Offer products and services related to factory farming, like transport, slaughtering or equipment, and do not have a policy or do not apply sufficient standards to reduce animal suffering.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum Standards:
Factory farming
Factory farming is characterised by livestock kept in confinement and at high density. Triodos Bank believes that organic agriculture, which is found at the opposite end of the farming spectrum, is the only systematic approach to sustainable agriculture and food production. Triodos Bank expects companies that are involved with (wild) animals to respect the Five Freedoms principle, referring to freedom from hunger and thirst, freedom from discomfort, freedom from pain, injury and disease, freedom to express normal behaviour and freedom from fear or distress.
Triodos Bank excludes companies that:
- Offer products and services related to factory farming, like transport, slaughtering or equipment, and do not have a policy or do not apply sufficient standards to reduce animal suffering.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum Standards:
Factory farming
Factory farming is characterised by livestock kept in confinement and at high density. Triodos Bank believes that organic agriculture, which is found at the opposite end of the farming spectrum, is the only systematic approach to sustainable agriculture and food production. Triodos Bank expects companies that are involved with (wild) animals to respect the Five Freedoms principle, referring to freedom from hunger and thirst, freedom from discomfort, freedom from pain, injury and disease, freedom to express normal behaviour and freedom from fear or distress.
Triodos Bank excludes companies that:
- Offer products and services related to factory farming, like transport, slaughtering or equipment, and do not have a policy or do not apply sufficient standards to reduce animal suffering.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Food & Agriculture:
we only support organic businesses;

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Food & Agriculture:
we only support organic businesses;

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum Standards:
Triodos Bank excludes companies that:
- Operate in industries identified as high-risk for the use of products from factory farmed animals18 and do not have a policy on animal welfare or do not apply sufficient animal welfare standards19 to the animal products they buy or produce.
- Operate in the Food & Staples Retailing industry and are not part of initiatives to improve animal welfare, do not promote products with better animal welfare standards and do not offer organic animal products or other products with better animal welfare standards.
- Operate in the Food Products industry using animals and do not offer alternative products containing organic animal ingredients.
- Operate in the Hotels, Restaurants & Leisure industry and do not offer vegetarian or organic alternatives to regular meals.

Comments on score: The policy does set requirements regarding plant based diets, but it does not require timebound transition targets

Animal Testing
100%

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

The principle of care
(…) In addition, high standards of animal welfare, with utmost respect for the Five Freedoms of animals, should be maintained.

Animal testing
Animal testing may be legally required under specific circumstances. Triodos Bank only deems animal
testing acceptable for medical products, in case reliable alternatives are not available. In these cases,
Triodos Bank requires companies to reduce, refine and replace animal testing where possible.
Triodos Bank excludes companies that:
- Manufacture non-medical products that are tested on animals.
- Carry out animal tests for non-medical products without a legal obligation to do so.
- Carry out animal tests for medical products, but do not have a ‘Three Rs policy’ in place and promote the
Three Rs principle.
Animal testing is most widespread in the pharmaceutical industry. Triodos Bank values companies that actively search for alternatives to animal testing, through participation in or financing of initiatives with that objective. Pharmaceutical companies that carry out animal tests must meet extensive criteria.
Triodos Bank excludes pharmaceutical companies that:
- Do not perform an ethical review of animal tests.
- Do not report on the number of animals used.
- Do not use lower animals16 where possible.
- Are not transparent on their use of transgenic animals.
- Do not actively promote the Three Rs principle.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

The principle of care
(…) In addition, high standards of animal welfare, with utmost respect for the Five Freedoms of animals, should be maintained.

Animal testing
Animal testing may be legally required under specific circumstances. Triodos Bank only deems animal
testing acceptable for medical products, in case reliable alternatives are not available. In these cases,
Triodos Bank requires companies to reduce, refine and replace animal testing where possible.
Triodos Bank excludes companies that:
- Manufacture non-medical products that are tested on animals.
- Carry out animal tests for non-medical products without a legal obligation to do so.
- Carry out animal tests for medical products, but do not have a ‘Three Rs policy’ in place and promote the
Three Rs principle.
Animal testing is most widespread in the pharmaceutical industry. Triodos Bank values companies that actively search for alternatives to animal testing, through participation in or financing of initiatives with that objective. Pharmaceutical companies that carry out animal tests must meet extensive criteria.
Triodos Bank excludes pharmaceutical companies that:
- Do not perform an ethical review of animal tests.
- Do not report on the number of animals used.
- Do not use lower animals16 where possible.
- Are not transparent on their use of transgenic animals.
- Do not actively promote the Three Rs principle.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Food & Agriculture:
The principle of care
(…) In addition, high standards of animal welfare, with utmost respect for the Five Freedoms of animals, should be maintained.

Comments on score: The bank sets requirements for medical testing, including the 3Rs.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum Standards:
Animal testing
Animal testing may be legally required under specific circumstances. Triodos Bank only deems animal testing acceptable for medical products, in case reliable alternatives are not available. In these cases, Triodos Bank requires companies to reduce, refine and replace animal testing where possible.
Triodos Bank excludes companies that:
- Manufacture non-medical products that are tested on animals.
- Carry out animal tests for non-medical products without a legal obligation to do so.
- Carry out animal tests for medical products, but do not have a ‘Three Rs policy’ in place and promote the Three Rs principle.
Animal testing is most widespread in the pharmaceutical industry. Triodos Bank values companies that actively search for alternatives to animal testing, through participation in or financing of initiatives with that objective. Pharmaceutical companies that carry out animal tests must meet extensive criteria.
Triodos Bank excludes pharmaceutical companies that:
- Do not perform an ethical review of animal tests.
- Do not report on the number of animals used.
- Do not use lower animals where possible.
- Are not transparent on their use of transgenic animals.
- Do not actively promote the Three Rs principle.

Comments on score: The bank sets requirements for medical testing, including the 3Rs.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Food & Agriculture:
Genetic Engineering
Genetic modification of animals is anticipated as well. Triodos Bank believes in organic food and farming, based on natural ecosystems, sustaining biodiversity and with care for human health and animal welfare. People should have the option to choose non-genetically modified food.
(…)
Triodos Bank excludes companies that:
- Develop or commercialise transgenic food or feed crops.
- Process genetically modified food crops, unless they proactively reduce their use or provide consumers’ freedom of choice.
- Emphasise the benefits of genetically modified food crops and do not take a precautionary approach; or actively oppose labelling regulation, thereby obstructing the consumers’ freedom of choice.
- Genetically modify animals for non-medical purposes.
- Genetically modify animals for medical purposes while alternatives are available.

Comments on score: Triodos allows for an exception in the case of medical purposes, but only of no other alternative is available. Considering that in many cases alternatives are available, this will only be applied in exceptional cases.

Pets, Entertainment and Fashion
100%

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Food & Agriculture:
The principle of care
(…) In addition, high standards of animal welfare, with utmost respect for the Five Freedoms of animals, should be maintained.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum standards:
Triodos Bank expects companies that are involved with (wild) animals to respect the Five Freedoms principle, referring to freedom from hunger and thirst, freedom from discomfort, freedom from pain, injury and disease, freedom to express normal behaviour and freedom from fear or distress.
(…)
Triodos bank excludes companies that:
- Engage in educational or nature protection activities in which wild animals are involved, and cannot guarantee the welfare of those animals.
- Engage in entertainment activities in which wild animals are involved.
- Cause negative impact on protected animals.
- Use species that are on the CITES-list and do not have sustainable sourcing guidelines for such activities.

Impact investing through listed equities and bonds:
Investable solutions
Our Impact Equities and Bond strategy invests in listed equities and bonds of companies and organisations that materially contribute to the transition toward a sustainable society.
We invest in companies that develop solutions to the world’s most critical sustainability challenges, while delivering a healthy financial return.
We go beyond conventional environmental, social and governance (ESG) and norms-based exclusions to ensure our portfolio is rooted in solutions.

Comments on score: Triodos excludes entertainment activities with wild animals, but does not explicitely prohibit trade in non-endangered wild animals. However, Triodos invests only in companies that materially contribute to the transition toward a sustainable society.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum standards:
Triodos Bank expects companies that are involved with (wild) animals to respect the Five Freedoms principle, referring to freedom from hunger and thirst, freedom from discomfort, freedom from pain, injury and disease, freedom to express normal behaviour and freedom from fear or distress.
(…)
Triodos bank excludes companies that:
- Engage in educational or nature protection activities in which wild animals are involved, and cannot guarantee the welfare of those animals.
- Engage in entertainment activities in which wild animals are involved.
- Cause negative impact on protected animals.
- Use species that are on the CITES-list and do not have sustainable sourcing guidelines for such activities.

Impact investing through listed equities and bonds:
Investable solutions
Our Impact Equities and Bond strategy invests in listed equities and bonds of companies and organisations that materially contribute to the transition toward a sustainable society.
We invest in companies that develop solutions to the world’s most critical sustainability challenges, while delivering a healthy financial return.
We go beyond conventional environmental, social and governance (ESG) and norms-based exclusions to ensure our portfolio is rooted in solutions.

Comments on score: Triodos excludes entertainment activities with wild animals, but does not explicitely prohibit trade in non-endangered wild animals. However, Triodos invests only in companies that materially contribute to the transition toward a sustainable society.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum standards:
Triodos Bank expects companies that are involved with (wild) animals to respect the Five Freedoms principle, referring to freedom from hunger and thirst, freedom from discomfort, freedom from pain, injury and disease, freedom to express normal behaviour and freedom from fear or distress.
Triodos Bank excludes companies that:
- Engage in educational or nature protection activities in which wild animals are involved, and cannot guarantee the welfare of those animals.

Comments on score: The policy excludes companies that can not guarantee animal welfare.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum standards:
Triodos Bank expects companies that are involved with (wild) animals to respect the Five Freedoms principle, referring to freedom from hunger and thirst, freedom from discomfort, freedom from pain, injury and disease, freedom to express normal behaviour and freedom from fear or distress.
Triodos Bank excludes companies that:
- Engage in entertainment activities in which wild animals are involved.

Comments on score: covered

Governance
100%

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

The principle of care:
Triodos Bank endorses the Business Benchmark on Farm Animal Welfare (BBFAW), which is designed to help drive higher farm animal welfare standards in the world’s leading food businesses, including food retailers and wholesalers, restaurants and bars, and food producers and manufacturers. BBFAW is the first global measure of animal welfare standards in food companies and is designed for use by investors, companies, NGOs and other interested stakeholders.

Minimum Standards:
Triodos Bank excludes companies that:
- Operate in industries identified as high-risk for the use of products from factory farmed animals and do not have a policy on animal welfare or do not apply sufficient animal welfare standards to the animal products they buy or produce.
- Operate in the Food & Staples Retailing industry and are not part of initiatives to improve animal welfare, do not promote products with better animal welfare standards and do not offer organic animal products or other products with better animal welfare standards.
- Operate in the Food Products industry using animals and do not offer alternative products containing organic animal ingredients.
- Operate in the Hotels, Restaurants & Leisure industry and do not offer vegetarian or organic alternatives to regular meals.

Comments on score: covered - The policy requires high-risk clients to incorporate animal welfare in their sourcing policies

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum standards:
Triodos Bank applies the ‘comply or explain principle’ in case it makes an exception to its own policies or to international standards and principles, providing accounts of such a decision. Exceptions may occur when Triodos Bank’s involvement stimulates a company or organisation to meet the desired sustainability standards in the short term. Strict requirements apply in such cases, such as a formal and public commitment to meeting the standards that is supported by a viable strategy, clear targets and a realistic timeline.
(…) the companies and organisations that Triodos Bank finances and invests in. These and other stakeholders should respect the (spirit of) Triodos Bank’s policies and principles as outlined in this document and shape their activities accordingly. Triodos Bank actively expects its business relations to incorporate components of relevance to their businesses into their internal procedures and procurement policy, as well as in contracts with subcontractors and suppliers.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Minimum standards:
Triodos Bank applies the ‘comply or explain principle’ in case it makes an exception to its own policies or to international standards and principles, providing accounts of such a decision. Exceptions may occur when Triodos Bank’s involvement stimulates a company or organisation to meet the desired sustainability standards in the short term. Strict requirements apply in such cases, such as a formal and public commitment to meeting the standards that is supported by a viable strategy, clear targets and a
realistic timeline.
(…) the companies and organisations that Triodos Bank finances and invests in. These and other stakeholders should respect the (spirit of) Triodos Bank’s policies and principles as outlined in this document and shape their activities accordingly. Triodos Bank actively expects its business relations to incorporate components of relevance to their businesses into their internal procedures and procurement policy, as well as in contracts with subcontractors and suppliers.

Comments on score: covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Food & Agriculture:
we only support organic businesses;

Comments on score: covered

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