Tag: Triodos Bank

Majority of ‘green’ investors have money in banks that fund fossil fuels

Stuart Mitchell

New research from Triodos Bank UK reveals the extent to which greenwashing is influencing consumers’ decisions to open ISAs, as well-intentioned savers and investors are unaware of their financial providers’ poor environmental standards. Ahead of the April tax year refresh, when many consumers will be choosing new Individual Savings Accounts (ISAs), Triodos has released new analysis combining consumer polling with independent ratings of financial services providers from Ethical Consumer, the UK’s leading alternative consumer organisation. Providers of cash savings and stocks and shares ISAs are analysed by Ethical Consumer on…

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Triodos Bank UK backs total of £15m for SMEs with SWIG Finance

Stuart Mitchell

South West-based SWIG Finance has reached a landmark £15m in lending backed by Triodos Bank UK to 250 small businesses across the South West. SWIG Finance is a non-profit company that supports viable South West businesses that can’t secure sufficient funding from a bank. By empowering underserved small businesses to overcome their financial barriers, the organisation is working to create a more balanced financial ecosystem. Most recently, SWIG Finance supported cyber security business, Cool Waters Cyber Security, with a £50k Triodos-backed loan to help them create a new cyber security…

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Broad coalition calls for Fossil Fuel Non-Proliferation Treaty to meet global climate targets

Stuart Mitchell

Triodos Bank has become the first bank to join the global campaign for a proposed Fossil Fuel Non-Proliferation Treaty, meant to help phase out the use of coal, oil, and gas – the primary drivers of the fast accelerating climate crisis. In a public letter a broad coalition of organisations including Triodos Bank is calling on European governments to commit themselves to such a legally binding, international treaty at the upcoming COP28 in Dubai. The letter to the UK Prime Minister Rishi Sunak is signed by Hugh Fearnley-Whittingstall, John Elkington,…

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Triodos Bank backs pioneering community farm

Stuart Mitchell

Kindling Farm has bought a 78-acre farm in Knowsley, between Manchester and Liverpool, which it will transform into an ambitious community-owned sustainable farming project. Backed by a £600,000 loan from Triodos Bank UK, Kindling Farm – and its 800 members – has purchased Barn Hey Farm with a vision to develop the site into a ‘farming blueprint for the future’ that is ecologically just, economically viable and socially inclusive. The farm will operate as a Community Benefit Society and will use sustainable agricultural practices that protect the natural environment. The…

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Thrive Renewables launches new share offer as part of five-year plan to double generation capacity

Stuart Mitchell

Thrive Renewables Plc, which has been funding, building and operating clean energy projects for almost thirty years, has launched a new share offer to support its aim to double the amount of renewable energy generation capacity in its portfolio over the next five years. Equity raised through the crowdfunding offer hosted by Triodos Bank UK will be used to build new onshore wind, solar, geothermal and battery storage projects. The company aims to help to transform the UK’s electricity system, reducing its reliance on imported fossil fuels and ultimately reducing…

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