CEOs at the helm of 37 banks, investment funds, and insurance companies announced a far-reaching commitment today to work towards integrating natural capital considerations into their products and services, at the United Nations Conference on Sustainable Development, or “Rio+20”. With the unveiling of their ‘Natural Capital Declaration’, the financiers commit their companies to help build an understanding of their impacts and dependencies on natural capital; embed natural capital into their products and services; report or disclose on the theme of natural capital; and account for natural capital in accounting frameworks. It is the first statement of its kind to be signed only by the CEOs of financial institutions– a requirement that aims to ensure that endorsement translates into concrete actions. The Declaration is co-convened by UNEP FI, the Oxford-based tropical-forest group Global Canopy Programme, and the São Paolo-based Center for Sustainability Studies (GVces) of the Business Administration School of the Getulio Vargas Foundation. More information here.
19 December 2023Banking, Climate Change, Impact Centre, Insurance, Investment, Nature, News, Policy, Pollution & Circular Economy, Social