Investors with $24tr push companies to curb nature impact
Investors overseeing $23.6-trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss.
Axa Investment Managers, Robeco, the Church Commissioners for England, Storebrand Asset Management and 186 other participants in the Nature Action 100 initiative have written to companies demanding “urgent and necessary actions” to protect and restore ecosystems, according to a statement released Tuesday.
The targeted companies include BHP Group, Alibaba Group, Nestle, Bayer, Amazon.com and Unilever. They were selected based on their market values and participation in industries ranging from mining, food and pharmaceuticals to chemicals and forestry that are considered vital to reversing biodiversity loss by 2030.
The campaign seeks to “drive fresh global momentum around biodiversity,” Liudmila Strakodonskaya, ESG analyst at AXA Investment Managers, said in a statement.
Biodiversity is declining at an unprecedented rate. Under a pact signed in December, almost 200 countries agreed to set aside 30% of land and sea for conservation by the end of the decade. Last week, a group known as the Taskforce for Nature-related Financial Disclosures published guidelines to help businesses measure and disclose risks associated with nature loss.
In their letter, the investors pressed companies to urgently address several key goals such as minimizing negative impacts and setting science-based targets. NA100 said it will use third-party data to track the companies’ progress and the first report card will be published next year.
With investors united, target companies identified and the TNFD guidance in place, “we now have all ingredients to accelerate” corporate action on biodiversity loss, Peter van de Werf, head of engagement at Robeco, said in a statement.
Comments
Projects
Latest Multimedia
Showroom
South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...
VISIT SHOWROOM
SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
