By Simon Jessop
LONDON (Reuters) – A group of 190 investors have joined the Nature Action 100 initiative which aims to push the world’s leading companies to do more to protect and restore nature and ecosystems.
The group, soft-launched at the COP15 global talks on biodiversity in December, said it had begun to engage with the companies in sectors from mining to chemicals and consumer goods by writing a letter setting out its expectations.
Among the initial requests are that boards publicly commit to minimise nature loss and conserve and restore ecosystems at operational level and throughout supply chains by 2030; and disclose linked dependencies, impacts, risks and opportunities.
The companies should also set time-bound, science-based targets and disclose annual progress; establish board oversight; and work with stakeholders including trade bodies to create an “enabling environment” to meet the goals.
“We believe this sends a very strong signal to the global markets – we must work together to reverse the systemic risk of nature loss,” said Adam Kanzer, Head of Stewardship, Americas, BNP Paribas Asset Management.
“We have limited time, but working together with these 100 companies, we believe we can make a considerable difference. The real work begins now.”
The group, whose members have combined assets of $23.6 trillion, includes most of Europe’s biggest investors such as Amundi, Aviva Investors and BNP Asset Management.
While U.S. investors such as Columbia Threadneedle Investments are members, several of the world’s biggest – BlackRock, Vanguard and State Street – are not.
BlackRock and State Street were not immediately able to comment when contacted by Reuters. Vanguard did not immediately respond to a request for comment.
(Reporting by Simon Jessop, editing by Ed Osmond)
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