Financing the social economy: a case study of Triodos Bank

Authors

  • Christopher J. Cowton,

    Corresponding author
    1. Huddersfield University Business School, Queensgate, Huddersfield HD1 3DH, UK
    • Huddersfield University Business School, Queensgate, Huddersfield HD1 3DH, UK
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    • Christopher Cowtonis Professor of Accounting at Huddersfield University Business School. He took up his current appointment in 1996 after ten years at the University of Oxford, where he was a Fellow of Templeton College. While accounting is the focus for much of his teaching, his publications in refereed journals span the range from philosophy to engineering and operations management, with a particular interest in business ethics. He is currently Chair of EBEN-UK, the UK association of the European Business Ethics Network.

  • Paul Thompson

    1. Huddersfield University Business School, Queensgate, Huddersfield HD1 3DH, UK
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    • Paul Thompsonis Senior Lecturer in Accounting at Huddersfield University Business School, recently on leave of absence at Ngee Ann Polytechnic, Singapore. After graduation from Warwick University he qualified as a Chartered Accountant with Touche Ross, specialising in bank regulatory work. His principal research interest is in environmental aspects of accounting and finance, with a particular focus on bank lending, on which he has published a number of articles in academic journals.


Abstract

Nonprofit and voluntary sector organisations are taking an increasingly sophisticated approach to their financial management, including their banking requirements. While there have been signs that the mainstream commercial banks have been responding to those needs, recent years have also witnessed a number of initiatives taken by organisations with roots closer to the nonprofit and voluntary sector. One such organisation is Triodos Bank.

This paper seeks to explain what Triodos Bank does, paying particular attention to those unusual features of its operations which are likely to be of interest to managers of nonprofit and voluntary sector organisations. It is suggested thatwhatTriodosdoesisbothinterestinginitself and indicative of ways in which social economy financing might develop in the future. Copyright © 2001 Henry Stewart Publications

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