Finance for Biodiversity Pledge now 153 signatories

Finance for Biodiversity Pledge now 153 signatories

October 11, 2023

ESG-investing
Aarde Earth Biodiversity Biodiversiteit Sustainability Duurzaamheid (Pixabay WikiImages)

FfB Pledge today welcomes 14 new signatories and now rerpresents € 21 trillion of assets. Among the new members is Pensioenfonds Rail & Openbaar Vervoer.

Finance for Biodiversity (FfB) Foundation today announced 14 new signatories of the FfB Pledge, reaching new milestones with 153 signatories from 24 countries representing € 21.4 trillion of combined assets under management in total. The new signatory financial institutions will be welcomed by CEO Jan Erik Saugestad  during the opening plenary of the European Business and Nature Summit (EBNS) today in Milan, Italy.

The 14 new signatories of the Finance for Biodiversity Pledge are: Agriculture Capital, AkademikerPension, Alternative Bank Switzerland, Colibri Catalyst, Coöperatie VGZ U.A., Deutsche Kreditbank AG (DKB), Ekobanken medlemsbank, NextEnergy Capital, Pensioenfonds Rail & Openbaar Vervoer, Raiffeisen KAG, SEB Investment Management, VP Capital, Yapı ve Kredi Bankası A.Ş., and Zencap Asset Management.

With the new total of signatory financial institutions, the FfB Pledge reaches a milestone by representing more than 150 signatories and more than € 20 trillion of combined assets under management in total. With signatory Yapı ve Kredi Bankası A.Ş. it has gained representation of Turkey as an additional country.

Finance for Biodiversity Pledge

The Finance for Biodiversity Pledge is a commitment of financial institutions to protect and restore biodiversity through their finance activities and investments. The Pledge consists of 5 steps financial institutions commit to take:

  1. Collaborating and sharing knowledge,
  2. Engaging with companies,
  3. Assessing impact,
  4. Setting targets,
  5. Reporting publicly on the above before 2025.

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