International Business of Federated Hermes
Saker Nusseibeh, CBE
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Meet the CEOs of the 37 financial institutions from 13 countries that have signed the Pledge so far. Read and listen here about why they are committed to biodiversity and why they joined.
Collaboration across 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.
SCOR is proud to support the Finance for Biodiversity pledge. As a global reinsurer, contributing to the welfare and resilience of Society is an integral part of our mission. We have been committed to tackling and addressing the effects of climate change for a very long time, contributing to numerous international climate-related initiatives. We firmly believe that the preservation of biodiversity and the protection of ecosystems require an equally strong commitment, both individually and collectively.
Nature is our productive asset. We are signing this pledge because our outdated, linear economic model is dangerously depleting Natural Capital, despite its regenerative nature. This is a risk for global economic activity. We must support an accelerated transition to a circular bio-economy – harnessing and preserving the power of nature.
Our sector, agriculture, is one which relies exhaustively on biodiversity and natural capital but paradoxically can be a driver of negative impact and species decline. UFF operates exclusively in Africa, whose biological organisms comprise about 25% of all known biodiversity, and we have selected SDG 15, Life on Land, as one of our flagship goals. We acknowledge the weight of responsibility that our operations carry with them; we are committed to the conservation or improvement of biodiversity on all our farms and we have set ambitious targets in this respect, including soil health management, reforestation commitments and a focus on wild pollinator habitats.
Biodiversity defines ecosystems and provides a range of invaluable services to society that underpin human health, well-being and economic growth. It represents a systemic issue that must be addressed by policy-makers, investors and civil society. Etica is committed to strengthen its process to identify, asses and manage biodiversity-related risks and engage companies on this issue.
Investors are only just beginning to factor in biodiversity in their allocation decision, and this at a time when over half the world’s GDP is at risk because of nature loss. We believe that transitioning to an economy that preserves nature presents an opportunity for financial institutions to play a crucial role in restoring biodiversity. This is why through this pledge Triple Jump commits to actively managing the effect of its portfolio on biodiversity and to promoting investments that can have a positive impact on biodiversity.
Biodiversity is rapidly declining at an unprecedented rate in history. Halting this decline is crucial to achieve the SDGs and preserve our planet. Economic consequences of biodiversity loss can be severe and represent a systemic risk for businesses and investors. Deforestation, which is driving biodiversity loss, leads to the release of large amounts of carbon stored in the carbon sinks of forests around the world. In addition, the global agricultural system depends on pollination and soil biodiversity to produce food for a growing global population. The Biodiversity Pledge represents an important landmark for our industry. We are delighted to be among the first signatories committing to this Pledge, and we look forward to work together with the rest of signatories to jointly contribute to reverse nature loss through our investments and active ownership work.
New Forests integrates biodiversity conservation and the promotion of high conservation values across approximately 1 million hectares of forestry and sustainable land use investments that we manage globally. We encourage other businesses to join us in our commitment to protect, manage, and restore our planet’s natural assets via investments that conserve and enhance biodiversity.
Sustainability is integrated into Bankinter's business strategy and adherence to international initiatives that seek to increase positive impacts on society and the environment is a commitment of the bank. By signing the Finance for Biodiversity Pledge, Bankinter goes one step further in its sustainability strategy and shows its firm commitment, as a financial entity, to contribute to the protection and restoration of biodiversity and ecosystems via our financing activities and investments.
Human well-being and quality of life on the planet are inextricably linked to biodiversity. With the Finance Biodiversity Pledge, a.s.r. wishes to endorse the initiative to prevent loss of nature. We will make an effort to ensure that our investments (in real estate) contribute to the restoration of biodiversity.
As biodiversity declines at alarming rates worldwide, we as investors have the responsibility to uphold investee companies and governments to the highest possible standards to slow down the loss of species, deterioration of protected areas and ecosystems. To make this possible, cooperation between different stakeholders is needed and serious commitments to develop assessment methods on pressures and vulnerabilities of natural resources remain key areas of attention.