Triodos Bank’s Executive Board provides a perspective on the wider world it operates in, its impact and activity in 2017 and its prospects for the future.
Supervisory Board Report
The Supervisory Board supervises and reviews the activities and the decisions of the Executive Board, the development of Triodos Bank’s operations, strategy development and the realisation of Triodos Bank’s mission. In addition, the Supervisory Board provides advice and guidance to the Executive Board. Its review is based upon reports on business, finance, risk and other aspects, and on presentations, conversations and visits. These are scheduled in such a manner, that all substantive areas of Triodos Bank are covered within a two-year time frame.
Triodos Bank in a changing banking landscape
The Supervisory Board is pleased that Triodos Bank has continued to extend its impact, deliver a fair profit and be both relevant and a reference point for all stakeholders in values-based banking.
Technological, regulatory and market developments affected and changed the banking landscape in 2017. The Supervisory Board continues to be satisfied with the bank’s response but is fully aware of the significant challenges it faces while being an effective, integrated values-based bank that applies its strengths and its opportunities in the market.
During 2017 the Supervisory Board monitored the bank’s strategic focus and the three-year business plan after its second year of execution. The Supervisory Board discussed the 2018 plan which has been refined and adjusted to meet the challenges of a rapidly changing external landscape and market conditions – in particular the effects of a low interest environment, increasing competition and Brexit. The challenge for the increasing number of businesses interested in integrating sustainability in their operations continues to be generating more impact, while maintaining a resilient financial foundation and delivering a fair return. Also Triodos Bank is continuously working to improve its business model and its operations. The Supervisory Board’s dialogue with the Executive Board is primarily focused on making the bank’s integrated approach successful, creating sustainable value over the long-term for all its stakeholders while ensuring it remains financially resilient.
The Supervisory Board supports the Executive Board, and Triodos Bank’s co-workers, in their continuing efforts to make a deep-seated and positive difference to the development of people’s quality of life.