Ethical bank launches its first Climate Change Bond

Triodos Bank has launched a new Climate Change Bond which will be used exclusively to finance UK organizations that are specifically tackling climate change issues, from renewable energy to recycling. The three bonds will be of two, three or five years’ duration, with a minimum investment of £500 and a maximum of £50,000. Triodos is a market leader in financing small to medium-sized renewable energy projects and currently has lending and commitments in excess of £100 million to the environmental sector, but the bond will be its first savings product related to climate change. ‘Nearly 30 per cent of our lending is to the environment sector and we expect to continue to grow our lending to businesses that are fighting climate change,’ said the bank’s Head of Business Banking, Bevis Watts.

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