The Dutch Banking Code (‘the Banking Code’) came into force as of 1 January, 2010. It consists of a number of recommendations and principles aimed at ensuring the very best performance by banks. Its primary focus is on governance and it puts the interests of the customer at the heart of a bank’s activity, which ties in fully with Triodos Bank’s vision and Business Principles. The customer is a key stakeholder in all Triodos Bank’s activities and mission.
Triodos Bank complies in general with the principles of the Banking Code, with the exception of one principle: Triodos Bank chooses not to have variable remuneration based on predetermined financial targets or achievements, as these can enhance a culture of taking more risk.
Triodos Bank monitors, identifies and addresses any occasions when it does not comply with the Banking Code on an ongoing basis. More information on Triodos Bank’s implementation of the Banking Code, including the full comply-or-explain statement as required under the Banking Code, is available on our website.