Why biodiversity matters: ZSL releases first of its kind biodiversity risk guide for pensions industry - Zoological Society of London
A new guide to greener saving has launched this week, providing a step-by-step approach for pension trustees to comprehensively tackle biodiversity loss and nature risk in investments.
Developed by international conservation charity ZSL in collaboration with CACEIS Investor Services, the new guide offers practical insights and tips to trustees, covering essential aspects such as the current challenges of biodiversity risk, the definition of biodiversity, key drivers of biodiversity loss, risks to pension schemes, and how trustees can initiate the evaluation of biodiversity risk within their schemes.
ZSL senior sustainable finance specialist James Pilkington said: “Saving for our future will mean nothing if there is no future to save for: 44% of the global economy is dependent on the services nature provides, but ZSL's Living Planet Index, which tracks human pressures and impacts on the natural world, has recently shown an average 69% decrease in monitored global wildlife populations between 1970 and 2018. People today paying into pensions should be confident that their investments will not harm the environment: as asset owners and investors the finance sector has a significant responsibility in mitigating the biodiversity crisis, and as a major part of the industry the pensions sector is no exception. But make no mistake it’s a complicated topic. People today paying into pensions should be confident that their investments will not harm the environment: as asset owners and investors the finance sector has a significant responsibility in mitigating the biodiversity crisis, and as a major part of the industry the pensions sector is no exception. But make no mistake it’s a complicated topic. This guide from CACEIS provides a handy starting point for the pensions industry, demystifying the complex topic and providing a clear framework to approach the issue."
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Posted On: 15/06/2023