With much excitement the Partnership for Biodiversity Accounting Financials (PBAF) is announcing the joining of its 32nd participant, Danske Bank! Danske Bank will be joining as a PBAF partner with a view to collaborate on key topics related to biodiversity.
Samu Slotte, Global Head of Sustainable Finance at Danske Bank states the importance of joining PBAF: “Danske Bank is happy and proud to have joined the Partnership for Biodiversity Accounting Financials (PBAF). The loss of biodiversity poses as urgent and serious threat to human life as climate change. However, 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. PBAF is an important initiative that supports and promotes the standardization and transparency of efforts to measure and assess biodiversity-related financial risk, and serves as a framework to expand the measurement and reporting on biodiversity impact across asset classes".
The PBAF team welcomes Danske Bank as a partner and is looking forward to a fruitful collaboration in 2022!
About Danske Bank:
For 150 years, Danske Bank has strived to be a driver of growth and development in society. We have developed in tandem with the societies we are part of, and our advisory services, expertise and financial solutions have helped individuals, families, businesses and organisations to realise their ambitions and potential. With long-term sustainable development as our ambition, we will continue to work every day to be the best possible bank, for the benefit of our customers, employees, shareholders and the societies we are part of. Danske Bank employs 21,854 employees, and serves customers in 8 countries, covering 3.3 million personal and business customers, and 2,234 corporate and institutional customers.
About the Partnership for Biodiversity Accounting Financials (PBAF)
The Partnership for Biodiversity Accounting Financials (PBAF) develops the ‘PBAF Standard’. The PBAF Standard enables financial institutions to assess and disclose impact and dependencies on biodiversity of loans and investments. PBAF provides practical guidance to financial institutions on biodiversity impact and dependency assessment and defines what is needed in order for these assessments (either or not conducted by data providers) to deliver the right information to financial institutions. With this information financial institutions can effectively manage and report on biodiversity related risks and opportunities and contribute to the conservation and sustainable use of biodiversity. For more information please visit: https://pbafglobal.com/about-pbaf