The Partnership for Biodiversity Accounting Financials (PBAF) is excited to share that the international business of Federated Hermes is joining PBAF as a partner and will therefore be able to contribute to the PBAF working groups and more!
Eoin Murray, Head of Investment at the international business of Federated Hermes, states the following about Federated Hermes joining PBAF: "Nature provides an abundance of products and services upon which the global economy depends. Capital markets have thus far failed to integrate financially-material stocks of natural capital and flows of ecosystem services, including biodiversity, into investment decisions, or to recognize the degradation of nature as a systemic risk. A core driver of this failure has been the lack of formal standards to account for the impacts and dependencies of assets and portfolios on biodiversity. The PBAF represents the opportunity to establish the financial accounting standards for biodiversity that investors need, which will contribute toward the shifting of global capital markets onto the ecologically sustainable basis that we and future generations require."
The PBAF team welcomes Federated Hermes as a partner and is looking forward to a valuable collaboration.
About the international business of Federated Hermes
Federated Hermes is guided by the conviction that responsible investing is the best way to create long-term wealth. We provide specialized capabilities across equity, fixed income and private markets, in addition to multi-asset strategies and proven liquidity-management solutions. Through our world-leading stewardship services, we engage companies on strategic and sustainability concerns to promote investors’ long-term performance and fiduciary interests. Our goals are to help individuals invest and retire better, to help clients achieve better risk-adjusted returns, and to contribute to positive outcomes in the wider world. For more information please visit: https://www.hermes-investment.com/
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/