• Swindon & Wiltshire Governance
• Wednesday February 4 2026

Triodos Bank secures Fair Tax Mark certification

Bristol-headquartered ethical bank Triodos has been awarded the Fair Tax Mark label by the Fair Tax Foundation, becoming the first international bank to secure certification to the globally recognised standard of responsible tax conduct.

The Fair Tax Mark accreditation covers Triodos Bank and its subsidiaries, including Triodos Investment Management and Triodos Bank UK.

The Fair Tax Mark is the world’s first accreditation for responsible tax conduct. It certifies that a business:

• seeks to follow the spirit, as well as the letter of the law
• shuns corporate tax avoidance such as the artificial use of tax havens
• is transparent about profits made and taxes paid.

Kees van Kalveen, chief financial officer at Triodos Bank, said: “We are incredibly proud to achieve the Fair Tax Mark certification. It reflects our long-standing commitment to responsible tax conduct and transparency. We believe tax should be paid where real economic value is created, and that businesses must contribute fairly to the societies they operate in.”

The firm says it supports a fair and effective tax system, considering the interests of all stakeholders and believes that taxes should be paid in the countries where earnings are realised.

Triodos Bank has specified minimum standards relating to accounting and remuneration, corruption, taxes and violation of legislation.

Companies that are involved in tax avoidance schemes that raise significant ethical or moral concerns and are in clear violation of local or international standards are excluded from all direct investment activities and credit agreements.

Paul Monaghan, chief executive of the Fair Tax Foundation, said: “We are absolutely thrilled that Triodos Bank has secured Fair Tax Mark certification.

“Make no mistake, the Fair Tax Mark is a high-bar standard, but even we were immensely impressed with how their commitment to responsible tax conduct runs not just through their operations, but also through their investment and lending decision-making.

“In all areas, they are committed to complying with both the spirit and the letter of the law. They are exemplars of ‘total transparency’, and that includes providing a breakdown of income, profits and taxes paid on a country-by-country basis.

“Their commitment to ‘make money work for positive change’ resonates strongly with the principles of the fair tax business movement.”

Image: Tom Bright