We are very excited to announce the joining of Merkur as a partner. The Partnership for Biodiversity Accounting Financials (PBAF) has been growing quickly in the past few months and with the joining of Merkur we are nearing 50 partners and supporters, a big milestone for the partnership.
A statement by Merkur about the importance of joining PBAF: “Merkur views the world as one whole living system. A sustainable world is about safeguarding life on earth, and a good and dignified life for people relies on a planet where the use of resources happens with respect of planetary boundaries. Therefore, the loss of biodiversity is a huge thread to both planet and people. By joining PBAF Merkur will be able to develop our methods of measuring the impact our business has on nature and biodiversity, and thereby take new steps in our efforts to contribute to a healthy planet.”
The PBAF team welcomes Merkur to the partnership and is looking forward to a valuable collaboration.
Merkur Cooperative Bank is a Danish values-based bank with a vision of acting as a catalyst for a more sustainable world. Merkur Cooperative Bank has been a forerunner of sustainable development and social responsibility in the Danish banking sector since 1982, and we still strive to be in the forefront of this development. Merkur lends money to private individuals, sustainable companies, social enterprises and institutions, and we offer savings, investment and insurance products as well as payment solutions. Merkur applies comprehensive selection criteria and minimum standards to ensure that not only do the bank’s activities do no harm they also lead to positive changes for people, the climate, the environment and biodiversity. Merkur is a co-founder of the global network of banks with a value-based and societal oriented business profile: Global Alliance for Banking on Values, a network with more than 70 members around the world.
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