Investors to start talks with companies to drive policy action on nature loss
Over 200 investors have proposed a plan to initiate discussions with 60 companies about biodiversity. The focus will be on companies operating in countries where ecosystems are threatened by forest loss and land degradation.
“What we’re seeing today from investors is a recognition of the importance of nature when managing material investment risks, including deforestation, biodiversity loss, when aligned with their individual fiduciary duty,” said PRI Chief Executive David Atkin in a statement.
This Spring initiative precedes international discussions scheduled for October in Colombia. The discussions aim to advance global efforts to safeguard and restore nature following the 2022 Global Biodiversity Framework Agreement.
Also read: Renewables & Blue Economy: Awaken New Depths
The discussions aim to enhance companies’ impacts on nature through their operational practices, risk management strategies, supply chain management, and political involvement, according to the PRI.
“Halting and reversing forest loss and land degradation is fundamental for a healthy climate, a sustainable future and long-term investment results,” said Emine Isciel, Head of Climate and Environment, Storebrand Asset Management.
All these companies are significant players in sectors such as food and agriculture, mineral mining, automotive, chemicals, and banking. They either face substantial risks related to nature loss or wield considerable influence in engaging with policymakers.
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