Post by sweetpea33 on Jan 24, 2024 22:14:11 GMT -5
Why investors are putting biodiversity on the balance sheet Investors are beginning to wake up to the threat of habitat destruction and biodiversity loss, and their implications for companies' bottom lines. By CJ Clouse March 4, 2021 biodiversity on the balance sheet GreenBiz photocollage, via Shutterstock Reprinted from GreenFin Weekly, a free weekly newsletter. Subscribe here. Last summer, the investment arm of northern Europe’s largest financial services group dropped Brazilian meat giant JBS from its portfolio.
280 billion, gave several reasons for the decision, including JBS’s links to farms involved in Amazon deforestation. "The exclusion of JBS is Email List quite dramatic for us because it is from all of our funds, not just the ones labelled ESG," Eric Pedersen, Nordea’s head of responsible investments, told The Guardian. Until very recently, investor demands regarding environmental impact largely have focused on the climate crisis and greenhouse gas emissions.
Now, investors are beginning to wake up to the threat of habitat destruction and biodiversity loss and we’re beginning to see examples of action by means of both carrots — such as sustainability-linked loans tied to biodiversity-related metrics — and sticks such as the one which Nordea whacked JBS with. Recent research by Leaders Arena ESG Advisory Services finds that institutional investors managing more than $7 trillion in equity assets consider biodiversity issues to some extent, including Allianz Global Investors, BNP Paribas Asset Management and California Public Employees’ Retirement System, better known as CalPERS.
280 billion, gave several reasons for the decision, including JBS’s links to farms involved in Amazon deforestation. "The exclusion of JBS is Email List quite dramatic for us because it is from all of our funds, not just the ones labelled ESG," Eric Pedersen, Nordea’s head of responsible investments, told The Guardian. Until very recently, investor demands regarding environmental impact largely have focused on the climate crisis and greenhouse gas emissions.
Now, investors are beginning to wake up to the threat of habitat destruction and biodiversity loss and we’re beginning to see examples of action by means of both carrots — such as sustainability-linked loans tied to biodiversity-related metrics — and sticks such as the one which Nordea whacked JBS with. Recent research by Leaders Arena ESG Advisory Services finds that institutional investors managing more than $7 trillion in equity assets consider biodiversity issues to some extent, including Allianz Global Investors, BNP Paribas Asset Management and California Public Employees’ Retirement System, better known as CalPERS.