French development bank AFD and Dutch asset manager PGGM are among the new financial institutions to join the Partnership for Biodiversity Accounting Financials (PBAF), which seeks to develop a shared method for measuring the positive and negative impacts of investments on nature.
Sycomore and impact investor cooperative Pymwymic are also among the latest investors to join the initiative.
PBAF launched last year with backing from ACTIAM, FMO, Robeco, Triodos Bank and Triple Jump. Its format mirrors the carbon accounting initiative PCAF, set up by ASN Bank in 2015, which is pushing a global methodology for measuring financed emissions.
With the latest additions, PBAF now consists of 25 members in six countries.
“Through our loans and investments, we can limit the damage to ecosystems and contribute to the protection and restoration of nature,” said Roel Nozeman, Senior Advisor Biodiversity at ASN Bank and Chairman of PBAF. “To do so, we ha…