Triodos Investment Management
Investments take place through investment funds or investment institutions bearing the Triodos name and are managed by Triodos Investment Management BV, a 100% subsidiary of Triodos Bank.
Triodos Investment funds invest in different themes such as microfinance, sustainable trade, organic agriculture, climate and energy, sustainable real estate, arts and culture, or in listed companies with above average environmental, social and governance (ESG) performance.
The funds publish separate annual reports and most have their own Annual General Meeting of Shareholders.
Triodos Investment Management is responsible for 19 funds, for both individuals and institutions, totalling EUR 2.5 billion assets under management. Total growth of the investment funds was EUR 317 million, up 15%, against a target of between 10 and 15%. Market sentiment and government austerity measures across Europe limited inflows in the investment funds.
The increase in total funds entrusted to Triodos Investment Management, met targets for the year and reflects investors’ appetite for investments in these broad themes. In 2013 Triodos Investment Management reached an agreement with the shareholders of Ampere Equity Fund (EUR 221 million) about the transfer of the management of the fund to another, non-Triodos fund manager as per 1 January 2014. The transfer is therefore not visible in the 2013 numbers.
Triodos Investment Management will launch new and innovative funds that will further contribute to achieving its mission. The Triodos Organic Growth Fund will be launched early 2014 and is a unique long-term evergreen fund seeking investments in mature organic and sustainable consumer product companies. In addition, a revived Triodos Sustainable Trade Fund will further increase Triodos Investment Management’s impact in the development of organic agriculture and fair trade in emerging markets.
With many changes in regulatory regimes and with a focus on these new, innovative investment funds, Triodos Investment Management aims to maintain its current assets under management at EUR 2.5 billion in 2014. The transfer of the Ampere Fund is expected to be fully compensated by growth and new activities.