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Sparebanken Øst joins the Partnership for Biodiversity Accounting Financials

Sparebanken Øst joins the Partnership for Biodiversity Accounting Financials

We are very excited to announce that Sparebanken Øst is joining PBAF as a supporter. 

A statement of the organisation about their motivation and the importance of joining PBAF: "For Sparebanken Øst, joining the Partnership for Biodiversity Accounting Standards as a supporter is a unique opportunity to get started on the important work of linking our business to the sustainability target of protecting and preserving biodiversity. We will strive to help our local business clients to protect and preserve nature and to integrate specific nature and biodiversity targets to our long-term ESG strategy. We are looking forward to working with other financial institutions in the PBAF network to identify relevant measures to help protect local nature and biodiversity."

The PBAF team welcomes Sparebanken Øst to the partnership and is looking forward to a valuable collaboration.

About Sparebanken Øst

Sparebanken Øst is one of the largest non-affiliated and independent local savings banks in Norway, with 30 offices across Eastern Norway. They provide financial services that enable people and small and medium-sized enterprises to build and utilise their financial resources in the best possible manner. In their 180-year history, they have always seen the value of contributing to the development of the society around them. They wish to promote sustainable local communities together with their residents by creating financial security, predictability, and development. 

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