As the first
The partnership enables us to measure, and in the long term, set concrete targets for our impact on biodiversity.
The rapid loss of biodiversity is considered a potentially bigger crisis than climate change, and poses an urgent threat to human life.
As the first Nordic bank,
‘The biodiversity crisis hasn’t historically seen the same level of as attention and action as climate change, but action is needed and the financial industry has a responsibility to actively take part in solving the challenge,’ says
‘PBAF is an important initiative that supports and promotes the standardisation and transparency of efforts to measure and assess biodiversity-related financial risk. It serves as a framework to measure and report on our biodiversity impact from our investments and corporate lending activities.’
We need to know what our impact is before we can set meaningful targets. PBAF helps us with the tools and methodology that, in the long term, can steer our investments and corporate lending in a more biodiversity-friendly direction.
Global Head of Sustainable Finance,
A necessary step
‘Similar to CO2 emissions, we need to know what our impact is before we can set meaningful targets. PBAF helps us with the tools and methodology that, in the long term, can steer our investments and corporate lending in a more biodiversity-friendly direction,’ says
What is biodiversity and why is it important?
Biodiversity can be defined as the variety of animals, plants, fungi, and microorganisms that make up our natural world. Each of these species and organisms work together in ecosystems to maintain balance and support life and everything we need to survive – food, clean water, medicine, and shelter.
Put shortly, a loss in biodiversity can lead to a breakdown in the functioning of this ecosystem and thereby and poses a serious threat to businesses, the economy and ultimately human life.