Triodos’s announcement comes amid a wider sector trend of major banks reducing climate commitments.
The bank says that a deal-count target will ensure finance not only flows to big utilities but also to cooperatives, innovators and smaller community led-solutions who often struggle to access mainstream capital.
The announcement accompanies the publication of the bank’s new climate and nature strategy, which aims to reduce absolute financed emissions by at least 42% by 2030 without using offsets.
The emissions reduction target, introduced in March 2025, focuses on business loans, mortgages, and listed equities and bonds from Triodos Investment Management, which together account for 90% of the bank’s financed emissions.
The bank aims to cut emissions from listed equities and bonds by 63% through engagement, stewardship, and asset allocation changes.
Business loans are targeted for a 42% reduction, supported by loan structures that encourage heat electrification, building insulation, and renewable energy consumption.
Meanwhile, mortgages are expected to achieve at least a 45% reduction in emission intensity, contingent on consistent government policies and incentives for the heat transition.
In 2024, Triodos claims that it allocated 100% of its energy loans to renewable energy in a bid to not fund any fossil fuel projects. It engaged with 53 listed companies, covering 67% of its listed equities and corporate bonds portfolio, to set climate targets.
Triodos Bank’s chief executive Marcel Zuidam said: “Climate change and biodiversity loss are not separate crises. They are deeply interconnected.
“Restoring ecosystems is essential to stabilising the climate, and climate action must protect biodiversity.”
Advocacy and nature finance
The strategy also includes investing €500m into nature-based solutions by 2030. These projects are intended to provide measurable climate, biodiversity, and social benefits, with progress and positive biodiversity impacts reported starting in 2026.
Advocacy forms a fourth pillar of the strategy. Triodos is calling for binding rules, including mandatory fossil fuel phase-out pathways for banks. short-term emissions reduction targets, alignment of financial regulation with the Paris Agreement, separate emissions reduction and carbon removal targets, and robust standards for nature-based solutions.
The bank highlights that global renewable energy growth currently meets new or growing energy demand rather than replacing existing fossil fuel generation, meaning greenhouse gas (GHG) emissions from energy continue to rise.
Triodos’s announcement comes amid a wider sector trend of major banks reducing climate commitments.
Some large institutions, including HSBC and Wells Fargo, have scaled back their climate targets, and several global banking coalitions have ceased operations following member withdrawals.
Zuidam added: “We invite the financial sector to join us in embracing long-term wellbeing and taking action for a hopeful future.
“Together, we can drive the systemic change needed to stay within planetary boundaries.”
