In a powerful show of commitment to biodiversity conservation, the Finance for Biodiversity (FfB) Foundation has welcomed 15 new financial institutions as signatories to the FfB Pledge on World Biodiversity Day. This remarkable surge in support brings the total number of signatories to 140, representing 23 countries, with a combined assets under management of €19.7 trillion.
Anita de Horde, executive director of the FfB Foundation, expressed her enthusiasm, stating, "Biodiversity is still gaining momentum after the adoption of the Kunming-Montréal Agreement last year. By signing the FfB Pledge, financial institutions are working on implementing targets 14 and 15 of the Global Biodiversity Framework. We can see that our organization is driven by those financial institutions leading the race to reverse nature loss."
Among the distinguished new signatories are Pension Fund ABP, Bpifrance, Climate Asset Management, Folium Capital, Phoenix Group, and Swiss Life Asset Managers France. Their involvement reflects a growing global recognition of the urgent need to safeguard Earth's biodiversity. Learn more the about the increasing recognition of the importance of integrating biodiversity and its growing momentum by reading the full news piece.
The FfB Pledge commits financial institutions to halt and reverse nature loss by 2030 through five key steps: collaborating and sharing knowledge, engaging with companies, assessing impact, setting targets, and reporting publicly on their progress by 2025. The FfB Pledge is lead by the FfB Foundation, which as the leading global investor organization for biodiversity action, plays a pivotal role in accelerating biodiversity protection through collaborative efforts in various working groups.
Find out more about how to engage with the FfB Foundation, about its mission, membership and activities by visiting the website.
- Publication date
- 26 May 2023
- Directorate-General for Environment