Finance for Biodiversity Pledge Grows Ranks with 11 New Signatories Committing to Reverse Nature Loss
The Finance for Biodiversity Pledge announced today the addition of 11 new signatory financial institutions, including ABN AMRO, the International Business of Federated Hermes, Lombard Odier Investment Managers, SCOR SE, PKA A/S and Swedbank Robur, committing to make positive contributions to biodiversity through their activities and investments.
The pledge was launched in September by a group of 26 financial institutions, with collective AUM of approximately €3 trillion. Signatories to the pledge commit to collaborate, engage, and assess their own biodiversity impact, and to set targets and reporting on biodiversity matters by 2024 at the latest. In addition to focusing on their own impacts, signatories of the pledge will call upon world leaders to reverse nature loss this decade. With the new signatories, the pledge now consists of 37 institutions, representing €4.8 trillion assets under management.
According to the organization, this is the first time that Scandinavian institutions are represented with Swedbank Robur (Sweden) and PKA A/S (Denmark) as new signatories.
Liza Jonson, CEO of Swedbank Robur, said:
“Collaboration cross companies and countries is essential to successfully drive change in a positive and sustainable direction. We are a proud signatory of this pledge. The focus on biodiversity goes well with Swedbank Robur’s Climate Strategy – to align our managed fund capital with the Paris Agreement by 2025 and carbon neutral 2040.”