De Nederlandsche Bank (DNB) invests around €9 billion of its own reserves and aims for a solid financial return as well as a positive impact. To positively contribute to the transition to a carbon-neutral economy, DNB is bringing [...]Read more
Financial institutions share roadmap to protect biodiversity
Published: 16 December 2021
The Biodiversity Working Group of the Sustainable Finance Platform has developed a roadmap to help financial institutions address biodiversity loss. The roadmap offers guidance for institutions that are new to this theme, but also for institutions that have already taken their first steps.
In addition to climate change, biodiversity loss should also be on the agenda of financial institutions. A large number of Dutch financial institutions have committed to assessing their impact on biodiversity by 2024, setting related targets and reporting on progress, via the Finance for Biodiversity Pledge. However, many institutions still find it difficult to address the theme of biodiversity because it is a complex subject.
The Biodiversity Working Group believes that this complexity should not prevent them from taking action. We cannot wait for international scientific consensus on measuring and reporting biodiversity; we need to protect nature now. By making available the roadmap (Biodiversity in the financial sector - From pledges to action), the Working Group wants to help financial institutions assess their impact, set targets and report progress on the theme of biodiversity. The document also contains guidelines for financial institutions that are already working on this theme or that are even well advanced.
Institutions are given guidance on formulating policy and targets, identifying risks, assessing their impact and also on how to report on progress. Among other things, the roadmap discusses the different biodiversity reports available and helps institutions to engage in dialogue with their customers on biodiversity. Examples of how various financial institutions are addressing the theme of biodiversity in practice are included for each step of the roadmap.
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Dutch institutional investors such as pension funds, investment funds and insurers kept their investments in risky bonds roughly the same over the past 12 months. This is a break from previous years: since 2019, large investors had expanded their exposure to what are termed high-yield bonds.Read more
Dutch banks are financially resilient, thanks in part to increased interest rates. This gives them the room to step up their ambitions in terms of digitalisation, sustainability and the fight against money laundering.Read more