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LGT Capital Partners joins Nature Action 100
LGT Capital Partners joins Nature Action 100, a global investor engagement initiative focused on driving greater corporate ambition and action to reduce nature and biodiversity loss. The 190 institutional investors participating in the initiative represent USD 23.6 trillion in assets under management or advice.
Nature loss is a material financial risk, as depleting natural capital creates significant near-term operational costs for companies, threatens the supply of critical resources and puts more than half of global GDP at risk.
Through the initiative, the 190 participating institutional investors are directly engaging with companies in key sectors that are deemed to be systemically important in reversing nature and biodiversity loss by 2030.
The investors have kicked off the initiative's engagement phase this week by sending letters to 100 companies, worth more than USD 9 trillion in market capital, calling for urgent and necessary actions to protect and restore nature and ecosystems and thereby mitigate financial risk.
Hanna Edström, Head ESG Liquid Markets, said: “At LGT Capital Partners, we are convinced that there is much greater power when investors work together towards the same goals. We are excited to be part of Nature Action 100 to catalyze greater action on nature loss.”
Drive nature action in six areas
Participating in Nature Action 100 involves calling on companies to undertake action in the following six areas:
- Ambition: Publicly commit to minimize contributions to key drivers of nature loss and to conserve and restore ecosystems at the operational level and throughout value chains by 2030.
- Assessment: Assess and publicly disclose nature-related dependencies, impact, risks and opportunities at the operational level and throughout value chains.
- Targets: Set time-bound, context-specific, science-based targets informed by risk assessments on nature-related dependencies, impacts, risks and opportunities. Disclose annual progress against targets.
- Implementation: Develop a company-wide plan on how to achieve targets. The design and implementation of the plan should prioritize rights-based approaches and be developed in collaboration with Indigenous Peoples and local communities when they are affected. Disclose annual progress against the plan.
- Governance: Establish board oversight and disclose management’s role in assessing and managing nature-related dependencies, impacts, risks and opportunities.
- Engagement: Engage with external parties including actors throughout value chains, trade associations, policy makers and other stakeholders to create an enabling environment for implementing the plan and achieving targets.
Find out more about Nature Action 100 here.