Gina Gambetta
ACTIAM, Fidelity International, NN Investment Partners and Nomura Asset Management have commissioned a firm to develop a biodiversity measurement.
News comes as investors, companies and plastic producers prepare to engage governments on introducing a global plastic pollution treaty.
Germany raises international biodiversity funding to €1.5bn per year; Uruguay publishes sovereign sustainability-linked framework with nature KPI; investors write to finance ministers.
Fidelity Investments and Wells Fargo declined to comment on whether they planned on following suit and/or reviewing their sponsorship.
UN-backed investor network will hold in-person meetings with signatories in multiple regions, alongside a member survey.
Officials from New York City, California, Rhode Island, Washington and Oregon are among the signatories.
Ground-breaking legislation would require financial institutions to conduct due diligence to avoid financing activities that contribute to the degradation, conversion or loss of forests.
Announcement comes days after RI reported discussions on departure by unnamed NGOs.
Non-profit also looks to produce guidance for investor network on engagement in areas such as online gambling, social media, advertising, gamification and the metaverse.
The latest developments in ESG-related funds: Swiss Life Asset Managers launches fourth clean energy fund; TD Asset Management launches carbon credit ETF.