With much excitement the Partnership for Biodiversity Accounting Financials (PBAF) announces that three new participants will be joining the partnership: MN, PME and PMT! MN will join PBAF as a partner, PME and PMT become a supporter of the partnership. We are very excited to start collaborating with all new parties on key topics related to biodiversity in the financial sector.
Krispijn Bertoen, Head of Responsible Investment at MN on joining PBAF: “We are glad to have joined the Partnership for Biodiversity Accounting Financials (PBAF). The PBAF Standard v2022 will help us to not only assess and disclose impact and dependencies of our investments on biodiversity, but also to steer towards opportunities for positive impact. As we believe that the financial sector has an important role to play in halting and reversing loss of biodiversity, we are excited to work on key topics related to biodiversity and collaborate closely with frontrunners in the sector.”
Hartwig Liersch, Chief Investment Officer at PMT: “We are delighted to have joined the Partnership for Biodiversity Accounting Financials (PBAF). In the last years, we have taken an extensive set of actions on the topic of climate change. We are now seeking to expand our insight into nature-related risks, as we recognize the need to address the impact of our investments on ecosystems and habitats, as well as the impact that nature loss has on the performance of our investments.”
Marcel Andringa, Executive Board Member at PME: ‘’The threat to biodiversity is another existential crisis that humanity faces. It is the next frontier in addition to climate change. Therefore, I am proud to announce that we have joined the Partnership for Biodiversity Accounting Financials (PBAF). PBAF’s efforts to develop harmonized approaches to measure the impact of loans and investments on biodiversity are crucial. We believe the financial sector has an important role to play in reducing biodiversity loss and contribute to the sustainable use, protection, and restoration of nature. This is just one of many steps PME will take to ensure that biodiversity is taken into account in our entire investment portfolio.”
The PBAF team welcomes MN, PMT and PME and is looking forward to a fruitful collaboration in 2022!
MN is a pension administrator and fiduciary asset manager for Dutch institutional clients with over €180 billion in assets under management. MN aims for both financial and social return and long-term value creation for its clients, including PMT and PME. Responsible investment is core to MN’s investment policy, and MN aims to ensure that companies in its portfolios protect and enhance investor value by taking a strategic, long-term approach in managing environmental, social and governance-related risks (ESG). MN is a signatory to the UN Principles for Responsible Investment (PRI), the international network of investors working on the development of a more sustainable global financial system.
About Pensioenfonds Metaal en Techniek (PMT):
Pensioenfonds Metaal en Techniek (PMT) is a Dutch pension fund for metal and technology sector. PMT’s priority is to deliver a good pension for its participants, now and in the future. PMT wants to contribute to a sustainable world for its participants to live in. As a responsible investor, PMT integrates ESG (Environment, Social, Governance) factors in investment decisions, and exercises influence over the policies of investee companies by entering into dialogue (engagement), and voting at shareholders’ meetings. Part of PMT’s investments have the explicit aim of making a positive, intentional impact in relation to inter alia the energy transition, circular economy and healthcare.
About Pensioenfonds Metalektro (PME):
Pensioenfonds Metalektro (PME) is a Dutch pension fund for the metal and technology sector. PME is committed to achieving a good, affordable, and sustainable pension for over 600.000 participants and pensioners. PME believes that a good pension is worth more in a world that is just, future-proof, and clean. That is why PME supports – amongst others – the Paris Climate agreement, the United Nations Guiding Principles, and the International Responsible Business Conduct Agreement for pension funds. PME strives to make a positive impact on climate, environment, and labor conditions worldwide, by employing ESG-criteria, engaging in dialogue with companies, and by selecting impact investment opportunities that actively improve the sustainability of our world, such as wind- and solar parks.
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