Asset managers launch biodiversity module that shows portfolio impact on extinction risk
New module aims to drive sustainable finance
The new module will allow banks to analyse the impact of their financing and investment activities in agriculture and mining on biodiversity loss
Federated Hermes, BNP Paribas AM and Natixis are among 30 financial institutions that have taken a pioneering role in the development of a biodiversity module that will allow investors to assess the potential impact of their financing in agriculture and mining on biodiversity loss.
The ENCORE biodiversity module was launched today (26 May) by the Natural Capital Finance Alliance, a collaboration between the UN Environment Programme World Conservation Monitoring Centre, the UN Environment Programme Finance Initiative and Global Canopy.
Protected land and ocean jumped 42 per cent in the last decade
Stephen Leahy
Saturday, May 22nd 2021, 6:30 am - Roughly 21 million square kilometres on Earth have been protected or conserved since 2010, but scientists say that s not enough to curb loss of biodiversity.
Land and ocean under protection or conservation increased 42 per cent in the past decade according to a new report. In total, some 21 million square kilometres of protected and conserved areas might seem like a lot, but that has not curbed the continuing loss of biodiversity.
The 2019 Global Assessment Report on Biodiversity found that more than one million of the estimated 8.7 million species on the planet were at risk of extinction due to human activities. The main drivers of species loss include land conversion, deforestation, overfishing, bushmeat hunting and poaching, pollution, invasive alien species, and climate change.
World met target for protected area coverage on land: UN report
By IANS |
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World met target for protected area coverage on land: UN report.. Image Source: IANS News
New Delhi, May 20 : The international community has made major progress towards the global target on protected and conserved area coverage, but has fallen far short on its commitments on the quality of these areas, according to a new report.
The report was from the UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) and the International Union for Conservation of Nature (IUCN), produced with support from the National Geographic Society.
The latest edition of the biennial Protected Planet Report is the final report card on Aichi Target 11 the global 10-year target on protected and conserved areas which aimed to bring important benefits to both biodiversity and people by 2020.
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About Rio Tinto Group
The Rio Tinto Group is a multinational metals and mining company based in London and Australia. The company manages 60 operations across 35 countries and generates most of its revenue from the production of iron ore (60%), aluminum (23%), copper (5%), and industrial metals such as borates, titanium dioxide, and salt (5%). Smaller sources of revenue for the company include mining gold and diamonds.
Financially Material Factors Emphasized
S – human rights, rights of Indigenous people, community relations, labor relations, workforce health and safety
G – business ethics and transparency
Environmental
According to Boston Consulting Group, mining companies that have been early movers in addressing climate change have valuations that are, on average, 20% greater than those of their peers in the bottom quintile. Companies like Rio Tinto can benefit financially by focusing on decarbonizing their operations, identifying assets that are most at risk from physi