Arts and culture
During 2015 Triodos Bank and Triodos Investment Management finance helped make it possible for 14.3 million visitors (2014: 7.2 million, restated) to enjoy cultural events including cinema, theatres and museums across Europe, as a result of its lending and investments activity to cultural institutions. This means that there were the equivalent of 23 cultural experiences for each Triodos Bank customer.
Triodos Bank and Triodos Investment Management finance helped approximately 3,000 artists and people active in the cultural sector as well as financing a number of organisations providing spaces for cultural activities such as workshops and music courses.
Our vision and activities
Arts and culture lending
Percentage of our loans and investments to the arts and culture sector
Loans and investments by subsector
Our vision on arts and culture
Arts and culture play an important role in the personal development of individuals and the cohesion of society as a whole. Creative expression provides new perspectives, inspires and connects people.
Arts as a catalyst for personal and community development
Arts and culture should contribute to personal development and a vibrant civil society. They can inspire and motivate change.
The cultural sector is dynamic and versatile. Cultural entrepreneurship is booming. Many institutions are wholly or partly commercial and target a wide and diverse audience. Triodos Bank fits in to the dynamics of a sector with this entrepreneurial focus and finances innovative cultural entrepreneurs to help increase its impact.
Based on its long-standing commitment to art and culture, Triodos Bank has a leading position in the sector. It develops innovative finance instruments such as guarantee funds. To do this we work together with governments, industry associations and consultants.
A broad church
We focus on cultural initiatives, regardless of their size, that focus on different activities such as – to use a real example – a stage, museum and a restaurant in one company.
Alongside this lending, we have a fund (Triodos Cultuurfonds) for Dutch clients. Launched in 2006, the Fund has pioneered arts and culture finance, helping to make the sector less dependent on subsidies, grants and charity by encouraging cultural entrepreneurship.
Triodos Bank will focus in the future on strengthening local networks and local cultural entrepreneurship.
The benefits to society of the Arts
‘Connection’ is central to our vision in the cultural sector. Triodos Bank finances artists and cultural institutions that bridge, and connect, with society.
This usually involves a combination of high artistic quality and broad accessibility. Connecting with the community is done in many ways: by reaching broad audiences, and by dealing with other parties, such as sponsors, businesses, social institutions and banks. In addition, there is a connection with amateur practitioners who are active in the local area and contribute to social cohesion.
The number of visitors we calculate are based on the number of people who attended events, visited shows, theatres, cinemas and museums in 2015. The figures are provided by institutions Triodos Bank finances. Because of the complexity of accurately describing how many individuals they reach we have not included the impact of artists, musicians, film makers or their equivalent that Triodos Bank finances in the number of visitors.
We include 100% of the impact when we co-finance a project. If it is not possible to record 100% of the data required, we calculate the average number of people who attended a typical event or show at a particular project during the year, multiplied by the number of events it put on.
The ‘Impact per customer’ calculations used throughout the annual report are based on a total of 607,000 customers at the end of 2015.