Nordea AM Joins $14 Trillion Group of Financials Pledging to Protect Biodiversity, Reverse Nature Loss
The Finance for Biodiversity Pledge announced today the addition of 9 new signatory financial institutions, committing to make positive contributions to biodiversity through their activities and investments. New signatories to the pledge include Nordea Asset Management, Boston Common Asset Management, CZ, eco.business Fund, Gay-Lussac Gestion, Van Lanschot Kempen, and pension funds KLP, PensionDanmark and ERAFP.
The pledge was launched last year by a group of 26 financial institutions, with collective AUM of approximately €3 trillion, and has grown rapidly to now include 84 signatories representing nearly €13 trillion across 18 countries.
Signatories to the pledge commit to collaborate, engage, and assess their own biodiversity impact, and to set targets and report on biodiversity matters by 2025. In addition to focusing on their own impacts, signatories of the pledge will call upon world leaders to reverse nature loss this decade.
Nils Bolmstrand, CEO of Nordea Asset Management, said:
“At Nordea Asset Management, we recognize our role and our duty to protect, respect and take responsibility for our impact on global biodiversity and to contribute to a nature-positive economy. We support the Finance for Biodiversity Pledge’s mission to address nature-related financial risks and opportunities, to engage with corporates having the biggest biodiversity-related impact and to channel capital flows towards nature-positive outcomes.”