Triodos Bank’s Executive Board provides a perspective on the wider world it operates in, its impact and activity in 2016 and its prospects for the future.
Arts and Culture
Triodos Bank has pioneered arts and culture finance for many years. It promotes a sector that it believes is best served by diversifying its finances, incorporating a spread of grants, charity, subsidies and commercial finance. Triodos Investment Management manages the Netherlands-based Triodos Cultuurfonds, which is designed to help deliver a transformation to a more resilient sector.
Launched in 2006, Triodos Culture Fund celebrated its ten year anniversary in 2016. During the year the fund provided a record amount of EUR 18.8 million to cultural institutions to help stimulate entrepreneurship in the cultural sector.
The fund’s total assets decreased marginally by 0.7% to EUR 97.0 million by the end of the year (2015: EUR 97.7 million).
Triodos Cultuurfonds finance helped make it possible for 3.9 million people to enjoy cultural events including cinema, theatres and museums across Europe, as a result of its lending and investments activity to cultural institutions in 2016. Approximately 1,700 artists, participants and organisations active in the cultural sector took advantage of affordable arts and workshop spaces financed by Triodos Cultuurfonds during the year.
Triodos Cultuurfonds provided ten loans to cultural institutions. One of those was made to the Eye museum in Amsterdam. This national museum for film, located on Amsterdam’s IJ harbour, manages more than 40.000 films from all genres. The collection represents an outstanding sample of film history, from classics and blockbusters to cult films.