Impact Report 2025 | Investing for a brighter future

Find out how we use finance as a force for good

Here’s a small sample of what our investment portfolios accomplished in 2025.

303Kilotonnes of CO2e emissions avoided

Kilotonnes of CO2e emissions avoided

Triodos Investment Management’s climate and energy funds financed 186 projects (2024: 204) in the energy sector.

303 ktonne of CO₂e emissions were avoided (2024: 451 ktonne). This is equal to the avoidance of emissions of approximately 2.1 billion kilometres travelled by 172,000 cars.

The total capacity of the power-generating projects was 2,500 MW (2024: 6,200 MW), producing the equivalent of annual electricity needs of 13.5 million households worldwide, or approximately 374,000 based on our share in the total financing of these projects (2024: 504,000). The decreased impact figures are mainly caused by the exit of some larger projects in the portfolio, combined with less favourable weather conditions resulting in lower electricity production.

We also finance the development of large electricity storage systems. The total storage capacity of the super batteries we financed is 54 MW (2024: 54 – restated figure). Storing excess sustainable electricity in a battery and selling it when needed helps to align supply and demand. This not only prevents waste but also keeps the market and grid voltage in balance, thereby reducing reliance on power from fossil fuel sources.

58,300Smallholder farmers paid directly and fairly

Smallholder farmers paid directly and fairly

Approximately 58,300 smallholder farmers (2023: 30,200) in 10 emerging market countries worldwide were paid directly and fairly upon delivery of their harvests, a contributing result of the trade finance that Hivos-Triodos Fonds provides to farmers’ cooperatives and agribusiness. The increase in the number of farmers is driven by new portfolio additions.

The farmers had 42,500 hectares of certified organic, or transitioning to organic, farmland under cultivation in 2024 (2023: 22,100).

The farmers' harvests brought nine different fair trade and organic commodities to international markets, including coffee, cocoa, rice, fruit juice and macadamia nuts.

100%Lower negative effect on biodiversity

Lower negative effect on biodiversity

The GHG intensity, biodiversity involvement and non-recycled waste footprints for our Impact Equities and Bond (IEB) funds showed lower environmental impacts of the portfolio companies in the IEB funds compared to the companies in the benchmark. The footprint benchmark[1] results for the IEB funds were on average:

GHG emission intensity: 31% lower footprint than the benchmark (2024: 53% lower).
This mandatory PAI indicator measures the generated GHG emissions by the company per unit of revenue. The GHG intensity of the covered portfolio companies is then weighted in relation to the portfolio volume to obtain a weighted average for the portfolio. The reported metric covers 75% of our portfolio.
Non-recycled waste production: 97% lower footprint than the benchmark (2024: 98% lower). This voluntary indicator is measured in metric tonnes of non-recycled waste produced by the covered portfolio companies divided by the amount invested in EURm, shown as a weighted average. The non-recyclable waste footprint has improved sharply compared to last year due to portfolio changes. The metric has a 46% portfolio coverage rate.
Negative effect on biodiversity (%-involved): 100% lower footprint than the benchmark (2024: 84%).
This mandatory PAI indicator measures the percentage of the portfolio's investments with activities negatively affecting biodiversity-sensitive areas. The covered portfolio companies' %-involved scores are then weighted in relation to the portfolio volume to obtain a weighted average for the portfolio. The metric has a 89% portfolio coverage rate. The score of 100% means that none of our covered portfolio companies are involved in biodiversity-sensitive areas.
[1] The benchmark used differs per fund and type of footprint. For more details on these footprints and the benchmarks we use, see the IEB funds' Impact Reports.

Want to know how each of our funds use finance as a force for good? Explore the full range of 2025 impact reports.

Henk Jonker explains why impact investing is gaining ground on public markets. Financial inclusion investee Microinvest helps building a future with prospects in Moldova. And Luc van Haaren shines a light on our ambitious engagement programme on biodiversity.

Explore this world map and get a clear view of how each of our investments work towards a green, inclusive and resilient economy.

Impact Strategy
- Impact Equities and Bonds
- Financial Inclusion
- Energy and Climate
- Sustainable Food and Agriculture
SDG
- 1. No Poverty
- 2. Zero Hunger
- 3. Good health and well-being
- 4. Quality Education
- 5. Gender Equality
- 6. Clean Water and Sanitation
- 7. Affordable and Clean Energy
- 8. Decent Work and Economic Growth
- 9. Industry, Innovation and Infrastructure
- 10. Reduced Inequality
- 11. Sustainable Cities and Communities
- 12. Responsible Consumption and Production
- 13. Climate Action
- 14. Life Below Water
- 15. Life on Land
- 16. Peace and Justice Strong Institutions
- 17. Partnerships to achieve the Goals
Fund
- Triodos Pioneer Impact Fund
- Triodos Global Equities Impact Fund
- Triodos Impact Mixed Fund - Defensive
- Triodos Impact Mixed Fund - Neutral
- Triodos Impact Mixed Fund - Offensive
- Triodos Euro Bond Impact Fund
- Triodos Sterling Bond Impact Fund
- Triodos Microfinance Fund
- Triodos Fair Share Fund
- Sustainability Finance Real Economies Fund
- Triodos Food Transition Europe Fund
- Triodos Energy Transition Europe Fund
- Triodos Emerging Markets Renewable Energy Fund
- Triodos Groenfonds
- Triodos Multi Impact Fund
- Triodos Future Generations Fund
- Hivos-Triodos Fund
Asset Class
- Listed equity
- Corporate bonds
- Impact bonds
- Sovereign bonds
- Sub sovereign bonds
- Private equity
- Private debt
- Investment fund
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By using this tool you agree with the content of this disclaimer.

The purpose of this tool is to inform investors about the type of investments and their potential sustainability impact. The information in the tool is of a general nature and does not constitute an opinion of Triodos Investment Management of the financial instrument. Therefore, the tool is not intended and should not be construed as an offer, invitation or general solicitation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or investment recommendation.

Impact Equities and Bonds

All investments of the Triodos Impact Equities and Bond funds contribute to one or more of the five Triodos transitions and to the UN SDGs. Refer to the Sustainability Annex in the prospectus for more information.

All investments carry risk and all investment decisions of an individual remain the responsibility of the individual. Past or estimated results are no guarantee or indication of future results. Triodos Investment Management does not accept any liability for any losses.

The information in the tool is updated on a regular basis. However, the tool is not updated on a daily basis. Therefore, the information in the tool can be outdated. Triodos Investment Management can not be hold liable for information that is outdated.

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Kilotonnes of CO2e emissions avoided

Smallholder farmers paid directly and fairly

Lower negative effect on biodiversity

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