FfB: International Day for Biological Diversity marked with 7 new signatories

FfB: International Day for Biological Diversity marked with 7 new signatories

May 30, 2024

Biodiversity
Biodiversiteit duurzaam (Pixabay, Marjonhorn).jpg

On 22 May, the Finance for Biodiversity (FfB) Foundation celebrated International Day for Biological Diversity by proudly welcoming 7 new signatories to the FfB Pledge, reaching a new milestone with 177 signatories from 27 countries, representing €22,1 trillion of combined assets (under management) in total.

The newly welcomed signatories of the Finance for Biodiversity Pledge are Banco de Bogotá S.A., Chesnara Plc, EBG Investment Solutions AG, Ecofi, Ethical Investment Funds Management, Eurazeo and Five Seasons Ventures. From this group, asset owner Chesnara Plc joined the FfB community in becoming a member, increasing the FfB membership number to 76. The participation of Banco de Bogotá S.A., marks a significant milestone, as it is the first bank in Colombia within the FfB Pledge.

Expanding representation in South America 

The participation of Banco de Bogotá S.A., as one of the latest signatories, marks a significant milestone, as it is the first bank in Colombia within the FfB Pledge, underscoring the Foundation’s expanding global reach. The continued growth of Pledge signatories reflects financial institutions´ increasing effort in contributing to protect and restore biodiversity and ecosystems through their financing activities and investments. By joining, financial institutions underscore FfB´s mission of collaborating and sharing knowledge on Biodiversity. 

International Day for Biological Diversity 

The United Nations has proclaimed May 22 The International Day for Biological Diversity (IDB) to increase understanding and awareness of biodiversity issues. This year the theme of IDB is 'Be part of the Plan', encouraging governments, indigenous peoples and local-communities, non-governmental organisations, lawmakers, businesses and individuals to highlight the ways in which they are supporting the implementation of the Biodiversity Plan. Everyone has a role to play.

The celebration of this new round of signatories on this day demonstrates their commitment to the call to action to halt and reverse the loss of biodiversity by supporting the implementation of the Kunming-Montreal Global Biodiversity Framework, also referred to as The Biodiversity Plan. 

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: 

  • Collaborating and sharing knowledge 
  • Engaging with companies 
  • Assessing impact 
  • Setting targets 
  • Reporting publicly on the above by 2024 at the latest, or within two years after signing* 

*Financial institutions that signed the FfB Pledge before 2024 are committed to report publicly in 2025 (with 2024 data). Signatories that committed in 2024 will need to report publicly in 2027 (with 2026 data).

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