CEOs at the helm of 37 banks, investment funds, and insurance companies announced a far-reaching commitment today to work towards integrating natural capital considerations into their products and services, at the United Nations Conference on Sustainable Development, or “Rio+20”. With the unveiling of their ‘Natural Capital Declaration’, the financiers commit their companies to help build an understanding of their impacts and dependencies on natural capital; embed natural capital into their products and services; report or disclose on the theme of natural capital; and account for natural capital in accounting frameworks. It is the first statement of its kind to be signed only by the CEOs of financial institutions– a requirement that aims to ensure that endorsement translates into concrete actions. The Declaration is co-convened by UNEP FI, the Oxford-based tropical-forest group Global Canopy Programme, and the São Paolo-based Center for Sustainability Studies (GVces) of the Business Administration School of the Getulio Vargas Foundation. More information here.
17 May 2022Events, Roundtables