The Partnership for Biodiversity Accounting Financials welcomes fifteen new financial institutions

5 maart 2021

Fifteen financial institutions have joined the Partnership for Biodiversity Accounting Financials (PBAF). By doing so, they are showing their commitment to actively pursuing a shared methodology for measuring and reporting the impact of their loans and investments on biodiversity. This allows financial institutions to calculate their biodiversity footprint and take targeted action to restore and protect biodiversity.

The Partnership for Biodiversity Accounting Financials was formed in 2019 by founding partners ASN Bank (part of de Volksbank), ACTIAM, FMO, Robeco, Triodos Bank and Triple Jump. Fifteen more financial institutions have now decided to join the partnership. These are ABN AMRO Bank, APG, Achmea Investment Management, a.s.r. vermogensbeheer, BNP Paribas, de Volksbank, Finance in Motion, FirstRand Group, NN Investment Partners, NWB Bank, Piraeus Financial Holdings, Rabobank, Rathbone Greenbank Investments, UFF African Agri Investments and Van Lanschot Kempen. Today, the partnership consists of 21 members and total participant assets under management are $ 5.8 Trillion.

Roel Nozeman

Roel Nozeman, Senior Advisor Biodiversity at ASN Bank and chairman of the partnership, is excited about the new partners joining the platform.

“A growing number of banks and insurance companies realise that loss of biodiversity poses a major threat both to society and to the economy, and that we need action now. Through our loans and investments, we can limit the damage to ecosystems and contribute to the protection and restoration of nature. To do so, we have to adopt a common approach to measuring our impact and using data, as we did before in the climate debate. The Common Ground Report, which PBAF presented last year at a UN biodiversity convention, is an excellent first step. We will join hands with all new partners to continue developing that common approach in dialogue with initiatives such as the Taskforce on Nature-related Financial Disclosures (TNFD) and in line with EU legislation.”