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Investors take companies to task over nature risks

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By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on the Financial Times or enjoy below:

🗞️ Driving the news: Investors are pressuring companies over nature-related risks through a new initiative by the Principles for Responsible Investment (PRI)
• The initiative targets 60 companies in high-risk countries, emphasizing responsible political engagement to support policies on nature and deforestation

🔭 The context: Climate alliances have faced criticism, especially in the US, but PRI remains committed to environmental action
• The organization, founded by former UN Secretary-General Kofi Annan, includes over 5,000 members managing around $120 trillion in assets

🌍 Why it matters for the planet: Investor influence can significantly impact corporate policies on nature and biodiversity, encouraging more sustainable practices
• This approach is crucial for addressing deforestation and other ecological threats

⏭️ What's next: The PRI initiative will focus on companies with substantial policy influence, such as major carmakers, Brazilian banks, and beef companies
• The goal is to promote ambitious governmental policies on climate and biodiversity through corporate lobbying

💬 One quote: "What you are seeing is perhaps investors not being as vocal. But we can say because we see it... the underlying work is continuing." – David Atkin, CEO, Principles for Responsible Investment

📈 One stat: The PRI has more than 5,000 institutional members managing about $120 trillion in assets

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