The Partnership for Biodiversity Accounting Financials (PBAF) is excited to share that ODDO BHF Asset Management has become a supporter of the initiative!
Martina Macpherson, head of ESG Strategy at ODDO BHF Asset Management explains the motivation of the company to join PBAF: “ODDO BHF Asset Management is delighted to have joined the Partnership for Biodiversity Accounting Financials (PBAF)”. The accelerated degradation of ecosystems in recent decades poses a major challenge to our investments and it is therefore becoming key to be able to accurately assess, monitor and report on the biodiversity dependencies of our portfolios. There is a pluralism of frameworks, methodologies and metrics to assess biodiversity issues. This creates challenges for investment decision making, in defining materiality, as well as KPIs for outcomes and impacts. PBAF aims to pave the way towards a harmonized biodiversity accounting approach for investing while enabling financial institutions to assess and disclose impacts and dependencies on biodiversity.”
The PBAF team welcomes ODDO BHF Asset Management as a supporter and is looking forward to a valuable collaboration.
About ODDO BHF Asset Management
ODDO BHF is an independent Franco-German financial services group, with a history stretching back over 170 years. It was created from the alliance of a French family-owned business built up by five generations of stockbrokers and a German bank specialising in Mittelstand companies. With 2,500 employees (1,300 in Germany and Switzerland and 1,200 in France and Tunisia), and more than 125 billion euros in assets under management, ODDO BHF operates in three main businesses, based on significant investment in market expertise: private banking, asset management and corporate and investment banking. ODDO BHF Asset Management is a leading independent asset manager in Europe. It is the joint brand of legally separate investment management firms: ODDO BHF SAS (France), ODDO BHF AM GmbH (Germany), ODDO BHF Asset Management LUX (Luxembourg) & ODDO BHF Private Equity (France).
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. More information on: https://pbafglobal.com/
