Since 2013, Triodos Private Banking has delivered an average growth rate of 10-15% per year, and expects longer term growth to be between 15-20%. The market for sustainable banking services supports these aspirations, according to the latest Eurosif report. In 2015, growth is anticipated in investable assets for clients investing between EUR 300,000 and EUR 500,000, of at least EUR 10 million.
In Belgium, Triodos Private Banking will expand its existing private banking operations further in 2015, with an emphasis on private asset management.
While growth in the popularity of sustainable investment products is welcome, not all product innovations in this field are positive. The emergence of sustainable index trackers is of particular concern because the low cost exposure to sustainable enterprises that they provide is often at the expense of more costly effective dialogue. Without dialogue with investees, delivering the kind of deep-seated social and environmental impact at the core of Triodos Bank’s work is much reduced.
Triodos Private Banking will continue to focus on extending and deepening its interaction with clients, to demonstrate the link between more meaningful dialogue and increased positive, sustainable impact.
Albert van Zadelhoff, Managing Director