The $20 billion AkademikerPension, Gentofte, Denmark, is one of 14 financial institutions to recently sign the Finance for Biodiversity Pledge.
Signatories commit to take five steps to protect and restore biodiversity through their finance activities and investments: collaboration, corporate engagement, impact assessment, target setting and publicly reporting on those activities before 2025.
The Finance for Biodiversity Foundation made the announcement Oct. 11 at the European Business and Nature Summit in Milan. The latest signatories represent a new milestone of 153 signatories from 24 countries with €21.4 trillion ($22.6 trillion) in combined assets, the organization said in a news release.
Other new signatories were Pensioenfonds Rail & Openbaar Vervoer, Utrecht, Netherlands; Alternative Bank Switzerland; Colibri Catalyst; Cooperatie VGZ; Deutsche Kreditbank; Ekobanken medlemsbank; NextEnergy Capital; Raiffeisen KAG; SEB Investment Management; VP Capital; Yapı ve Kredi Bankası; and Zencap Asset Management.