BNP Paribas Asset Management is funding a project to support CDP in developing a global corporate biodiversity reporting framework, it announced today.
The asset manager, which has around €483bn in assets under management, and the non-profit disclosure organisation aim to accelerate corporate environmental disclosure and boost the integration of biodiversity data into investment, business and policy decision making globally.
“The asset management industry is in urgent need of better data on biodiversity and how it is impacted by capital allocation choices,” said Robert-Alexandre Poujade, ESG analyst at BNP Paribas Asset Management. “There is unprecedented interest from financial institutions and companies to better understand how they can make biodiversity-conscious investment decisions based on reliable data and thus reward companies that are managing natural resources sustainably.”
BNP Paribas AM is already part of a coalition with AXA …