Free-to-use module is launched by UN-backed Natural Capital Finance Alliance, as Green Finance Institute publishes recommendations for how UK finance can help develop a nature-positive economy
A new UN-back module has been launched today to enable financial institutions to map their exposure to biodiversity risks based on sectoral activities, in a bid to push the economy towards a nature-positive future.
By Elena K Johansson2021-05-26T12:23:00+01:00
A new tool has been launched that allows investors to explore the potential impact of their investment activities in agriculture and mining on biodiversity loss, in particular species extinction and the loss of “ecological integrity”.
Eric Usher, head of the UN Environment Programme Finance Initiative (UNEP FI), said the tool “allows financial institutions to take material action to pivot the real economy towards a nature-positive future”.
The ENCORE (Exploring Natural Capital Opportunities, Risks and Exposure) biodiversity module is an extension of the already existing online tool of the same name. Over 30 financial institutions participated in the development and testing of the module, including APG Asset Management, BNP Paribas Asset Management and EOS at Federated Hermes.