Rural Housing Scotland Conference 2016
26 February 2016
Finance for Positive Social Outcomes
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Introduction – Triodos Bank in One Minute
https://www.youtube.com/watch?v=VRP5E0EF8kc
Who we are
Triodos Bank is a global pioneer of sustainable
banking. Our mission is to make money work for
positive social, environmental and cultural change.
What we do
We only lend to and invest in organisations that benefit people and environment
We connect savers and investors who want to change the world for the
better with entrepreneurs and sustainable companies doing just that.
We are the only specialist bank to offer integrated lending and investment
opportunities for sustainable sectors in a number of European countries.
Triodos - Key Figures
Year End December 2014 figures at a glance
Triodos Bank Group
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Triodos Bank balance sheet: EUR 7.1 billion
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Number of accounts: 628,321
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Funds Entrusted: EUR 6.3 billion
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Sustainable lending: EUR 4.2 billion
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Assets Under Management: EUR 10.6 billion
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Triodos Bank net profit: EUR 30 million
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Capital ratio (or Core Tier 1-ratio): 19%
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Number of co-workers: 1,017
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Ratio between highest and lowest salary: 9.6%
Triodos in Scotland
Who were are:
In Scotland, the Bank has 3 specialist relationship managers who are
based in our Edinburgh office in Frederick Street.
There are 3 specific areas of the business:
Social & Cultural – Housing, Sustainable Development,
Healthcare, Arts & Culture.
Environment – Project Finance, Renewable Energy funding,
Energy efficiency.
Food Farm & Trade – Sustainable Tourism, Organic Farming.
Triodos Bank in Scotland
What we do: Social & Cultural Team
Relationship Manager: Graeme Galloway
Social Housing: Lending for new build, property improvements, re-financing,
Commercial, Energy efficiency, Care.
Sustainable Development: Sustainable new build – off site construction, passivhaus
development, energy efficient new build developments.
Healthcare – Funding to Quality Care Providers and to organisations providing
specialist care, and care at home.
Arts & Culture – Funding to Arts organisations with focus on the use of arts and creativity
to facilitate personal and social change.
Wider Bank – Personal Current Account / Mortgages
Triodos Bank in Scotland
Social & Cultural Team Clients
Environment Team
Scottish Based Community Projects We Have Funded
Relationship Manager – Norrie Cruickshank
•Fetterangus Power Limited – 800Kw Wind Project in Fetterangus, Aberdeenshire – REIF
brought in as Junior Funder.
• Barra & Vattersay Wind Energy Limited – 900Kw Wind Project on Barra –REIF brought in
as Junior Funder.
•Callander Community Hydro Scheme – 425Kw Hydro Scheme in Callander, biggest
community hydro scheme in the UK – REIF brought in as Junior Funder.
•Galson Energy Limited – 2.7 MW Wind Farm on Lewis – REIF brought in as Junior Funder.
•Udny Community Wind Farm – 900kw Wind Farm in Udny & Pitmedden, Aberdeenshire.
•Westray Renewable Energy Limited - 900kw Wind Farm on Westray, Orkney.
•Eigg Electric Limited – Mixture of technologies Wind, Hydro and Solar on the Isle of Eigg.
•Berwickshire Housing Association – 7.5MW Wind Farm in Cockburnspath – Largest
community project on the mainland and the first with a housing association, income from this
project will go into housing stock and Energy for All / Fuel Poverty for tenants.
Environment Team
Process
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We work with projects tirelessly throughout the diligence phase, we
understand that this can be a time consuming process and encourage
developer input and participation. This will become a fulltime job for the
developer’s project manager. We will be there to assist with all enquiries.
Regular meetings and conference calls are required to maintain focus and
deliver the project on time and within the agreed legal and technical scope
which is agreed with all parties at the outset.
Open relationships with funding partners such as Junior funders sharing the
findings from any diligence activities and ensuring we are all working together
to deliver the project. Technical advisors join and participate in calls and
relevant communications/meetings.
We can add value with the various contracts such as the Technology Supplier
agreement, PPA, Lease, Civils and BOP to ensure they are in a
workable/bankable form.
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Triodos Bank
New areas and technologies
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Fuel Cells
Battery Storage – Currently working with various Projects on this.
Hydrogen Storage – Currently various transport firms looking to use
this technology. Also a potential storage solution using wind turbines.
Ocean Thermal Energy conversions
Kinetic Energy through flooring.
Infrared Emissions conversions
However this is more likely
• Gas, Solar, Petroleum
• Wind
• Hydro
• Solar
• Biomass and AD
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Triodos Bank in Scotland
What we do: Food, Farming & Trade Team
Relationship Manager: Michelle Wilson
• Triodos Bank finances the entire organic food chain, from
producers and processors to retailers and restaurants
• Why does Triodos Bank believe organic farming is more
sustainable? Non-organic farming and its products may be
sustainable in one respect - for example, in relation to animal
welfare - but organic agriculture is a systematic approach
that’s sustainable in all respects. That's why we only support
organic businesses.
• How does Triodos Bank connect organic food with
biodiversity? Conventional agriculture is intrinsically
damaging to the natural world, and bad for biodiversity. In
contrast, organic farmers aim to achieve a harmonious
balance between food production and nature.
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Triodos Bank in Scotland
What we do: Food, Farming & Trade Team
Organic farms we have funded:
• Peelham Farm, Berwick Upon Tweed
• Whitmuir Farm, Peebles
• Wark Farm, Cushnie
• Weston Farm, Biggar
Financing Green Tourism
A sustainable bank for sustainable tourism
As Trade Members of Green Tourism and Association of Self
Catering in Scotland (ASSC) we offer a unique and tailored
approach to lending.
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Triodos Bank in Scotland
What we do: Financing Green Tourism
• Green Tourism
We are offering existing Bronze and Silver Green Tourism
members, and new members, a special discounted lending rate of
1% off our normal lending rates on loan and overdraft
facilities*. We want to help members who are working towards a
gold award, with the costs of implementing the additional
sustainable measures required to do so.
Green Tourism we have funded in:
• The Flodigarry Hotel – Skye
• Calgary Cottages – Isle of Mull
• Battlesteads Hotel – Northumberland
https://www.triodos.co.uk/en/personal/inspiring-change-2016/
*Subject to £100,000 minimum amount borrowed and applicant satisfactorily meeting Triodos Bank's lending criteria.
Additional terms and conditions of the offer apply, please contact us for further details.
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Questions...
Contact us
Triodos Bank
50 Frederick Street
Edinburgh
EH2 1EX
Tel: 0131 243 9152
www.twitter.com/triodosuk
www.facebook.com/triodosbankuk
www.youtube.com/triodosbankuk
Triodos Bank NV (incorporated under the laws of the Netherlands with limited
liability, registered in England and Wales BR3012). Authorised by the Dutch
Central Bank and subject to limited regulation by the Financial Conduct Authority
and Prudential Regulation Authority. Details about the extent of our regulation by
the Financial Conduct Authority and Prudential Regulation Authority are available
from us on request.
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