Asset owners, managers sign biodiversity pledge
Stichting Pensioenfonds ABP, Heerlen, Netherlands, joined 14 asset owners and managers signing the Finance for Biodiversity Pledge Monday to commemorate World Biodiversity Day.
The pledge calls for signatories to commit to map their biodiversity impact, set goals and targets, and disclose the results before 2025, along with collaboration and engaging with companies to halt and reverse nature loss.
The €480 billion ($528.9 billion) pension fund is now one of 140 signatories representing a collective €19.7 trillion in assets from 23 countries.
Other signatories Monday included Swedish pension manager KPA Pension, Bpifrance, Climate Asset Management, Folium Capital, Phoenix Group, NatureRe Capital and Swiss Life Asset Managers France.
In a joint release, ABP executive board Chairman Harmen van Wijnen said that biodiversity is more than an ESG topic. “It is about how economies and societies can be fundamentally sustainable, about preserving what is valuable and essential for the planet and every species on it, and about climate too.”
Climate Asset Management CEO Martin Berg said in the statement that climate change and biodiversity loss are interconnected issues and addressing them together is “essential for achieving sustainable and resilient outcomes.”
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