A majority of companies worldwide are not translating commitments on biodiversity to action, according to new data released by CDP, the not for profit that runs the world’s environmental disclosure system for companies.
Jane Ambachtsheer, Global Head of Sustainability, BNP Paribas Asset Management, said:
“The unravelling of nature is underway and investors need to act now, starting with a better understanding of how our investments impact nature and how nature loss may translate into financial risks. To achieve this, we need better and more consistent disclosure from the private sector, which is why we provided funding to CDP to introduce new questions linked to nature-loss and biodiversity. It is also why we actively participate in the TNFD and support Business for Nature’s Make it Mandatory campaign. Ultimately, sunlight is the best disinfectant. Enhanced disclosures enable us to allocate capital in a way that can help protect our clients from risk, while contributing towards a better future for society and the planet.”