With 11 new signatories to the Finance for Biodiversity Pledge, 2020 will close with a group of signatories consisting of 37 financial institutions from 13 different countries. This was celebrated at the European Business and Nature Summit (EBNS) on 9 December 2020.
During the opening session on 9 December, we welcomed 11 new signatories to the Pledge. The session was opened by EU Commissioner for Financial Stability, Financial Services and the Capital Markets Union, Mairead McGuinness, and included key notes by CIOs from Allianz France, Federated Hermes and Deutsche Bank.
We also welcomed the first Scandinavian institutions to the Finance for Biodiversity Pledge, which is coordinated by NextGreen and de Horde Advies. The 11 new signatories are: ABN AMRO, Change Finance PBC, DPAM, International business of Federated Hermes, La Financière de l’Echiquier, Lombard Odier Investment Managers, OIP Trust, PKA A/S, Rathbone Greenbank Investments, SCOR SE and Swedbank Robur.
The 37 signatories commit to assessing their own biodiversity impact by 2024 at the latest. They promise to set targets for reducing their negative impact on biodiversity and increasing their positive impact. Furthermore, they commit to monitor progress towards these targets and to reporting on this. Since an important part of financial institutions’ biodiversity impact relates to the companies they invest in, engagement with companies is needed to reverse global biodiversity loss.
The Finance for Biodiversity Pledge was initiated by members of the EU Finance@Biodiversity Community, which is hosted by the European Commission as a part of the EU Business@Biodiversity Platform. As the lead of this F@B Community, NextGreen and de Horde Advies are also coordinating the collective Pledge. A next group of signatories is expected in Spring 2021.
Watch the EBNS session with EU Commissioner Mairead McGuinness and CIOs of Allianz France, Federated Hermes and Deutsche Bank.
Watch the video with CEO statements at the celebration of 11 new signatories.
Read more about this project at the Finance for Biodiversity project page.