With much excitement the Partnership for Biodiversity Accounting Financials (PBAF) is announcing the joining of its 31st participant Franklin Templeton Fixed Income (FTFI) Group! FTFI, a leading investment specialist in Fixed Income strategies with $143 billion in AUM, will be joining as a PBAF partner with a view to collaborate on key topics related to biodiversity.
David Zahn, Head of Fixed Income Europe and Co-Chair of Franklin Templeton’s Sustainability and Stewardship Council said “Policymakers are being called upon to consider biodiversity loss as urgent as climate change. Whilst biodiversity has not been given the same amount of attention as Net Zero, there is growing recognition that the risks associated with biodiversity loss have both macroeconomic and financial implications with a far greater degree of complexity. We are therefore very pleased to join PBAF to help further learning and knowledge sharing on nature-based solutions for our investors.”
The PBAF team welcomes Franklin Templeton Fixed Income group as a partner and is looking forward to a very fruitful collaboration in 2022!
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.5 trillion in assets under management as of April 30, 2022.
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