ESG & Investing
Biodiversity Emerges as New Risk for Asset Managers After UN Summit
COP15 agreement prompts sector to sit up and take notice, with few existing funds focused on natural capital.
Photographer: Menahem Kahana/AFP/Getty Images
This article is for subscribers only.
Fund managers who haven’t cared about biodiversity may soon find they have to.
In the early hours of Monday in Montreal, a deal was struck that has the potential to shake up the regulatory landscape for the investment industry. After four years of talks, UN negotiators hunkered down for two weeks at the COP15 biodiversity summit to produce a framework that KPMG says provides “an unambiguous message” to firms on the need to start disclosing their biodiversity footprint.