Norges Bank Investment Management (NBIM) articulated new expectations about how its investee companies should consider biodiversity and the sustainable use of ecosystems in their business activities. Geared primarily toward the boards of directors (and thus, management) of companies whose activities or value chains are materially dependent on, or affect, biodiversity and ecosystems, such as companies in the agriculture, forestry, consumer goods, pharmaceutical products, tourism, energy, construction, infrastructure, and mining industry sectors, NBIM expects targeted companies to integrate these considerations into their corporate strategy, risk management, disclosure/reporting, and engagement.
See our recent report: “Taskforce on Nature-related Financial Disclosures Launches.”
This post first appeared in the weekly Society Alert!