Etica Funds signed in 2020 the finance world’s commitment to biodiversity (Finance for Biodiversity Pledge). Etica, at the time of its launch, was the only Italian company among the 26 signatories to the finance world’s commitment to biodiversity (Finance for Biodiversity Pledge).
The finance world’s commitment
The Finance for Biodiversity Pledge is a collective document that originated from a group of European financial institutions that actively worked as members of the European Union’s Finance and Biodiversity Community (F@B Community).
In the document, the financial institutions call on world leaders to reverse the nature loss of the past decade and undertake to collaborate, take action and calculate their own impact on biodiversity, setting specific biodiversity targets by 2024 and reporting appropriately.
As a signatory to the document, Etica recognises that the Earth’s biosphere, which is under increasing stress, underpins human resilience and progress. As a financial institution, it emphasises the need to protect biodiversity and reverse the loss of natural resources in this decade.
The Finance for Biodiversity Pledge was launched at the Nature for Life Hub on the sidelines of the 75th United Nations General Assembly.
Why Etica Funds is a signatory of this pledge
“Biodiversity is the hallmark of ecosystems and provides an invaluable set of services for society in relation to health, wellbeing and economic growth. Biodiversity is a systemic issue that needs to be addressed by policymakers, investors and civil society. We are happy to sign up to this pledge because we strongly believe that finance, as a key tool to serve the economy, must play a leading role in fostering sustainable development by directing funds’ investments towards companies with a positive environmental impact. As a responsible investor, Etica is committed to constantly strengthening its investment process in order to identify, assess and manage biodiversity-related risks and to engage in dialogue with companies on this issue”.
Luca Mattiazzi, Director General of Etica Funds.
The Finance for Biodiversity Pledge remains open to new signatories (banks, insurers, asset management companies, pension funds and impact funds) from every corner of the planet.
