BNP Paribas Asset Management welcomes the launch of the new market-led Taskforce on Nature-related Financial Disclosures (TNFD), announced on 4 June. This initiative, supported by BNP Paribas, aims to provide a framework for organisations to report and act on evolving nature-related risks.
Jane Ambachtsheer, Global Head of Sustainability at BNPP AM, commented:
“In the context of growing awareness about the fragility of our ecosystems and the intricate links between climate change, natural capital and economic activity, there is an urgent need to act. We welcome the TNFD initiative, a new task-force that aims to help in the appraisal of nature-related financial risks and opportunities – both at the organisation and system-wide level, and help to redirect global financial flows away from nature-negative outcomes and towards nature-positive outcomes. We believe investors have an important role to play, and can use their investments and influence to contribute to the protection and restoration of biodiversity. We must accelerate progress on ecosystem preservation, not only for the sustainability of our investment returns but also for the health of our planet.”
BNP Paribas Asset Management launched its dedicated roadmap to protect and preserve biodiversity detailed in a paper entitled : Sustainable By Nature: Our Biodiversity Roadmap. It details BNPP AM’s plans to embed biodiversity considerations across all of its activities through ambitious targets to analyse key water and forest risks and opportunities. It also highlights the need for better more transparent and reliable data on biodiversity and the need to develop measurement tools. BNPP AM’s roadmap is underway: we are working with CDP and Iceberg DataLab & I Care & Consult to develop metrics and tools, and are launching our first fund addressing biodiversity, called BNP Paribas Ecosystem Restoration.
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