Fewer Biodiversity Loss Action Plans in High-risk Sectors

Analysis by Finnish pension provider Varma has found that just 9% of its listed high-risk investee companies have an action plan accounting for biodiversity loss in their operations. The organisation’s second survey of the biodiversity accountability attitudes of companies included 318 firms operating in high-risk sectors, including the agricultural, automotive, mining, and oil and gas industries. Of the companies surveyed, 39% had set biodiversity-related targets in their operations, while less than half had expressed intentions to take action to take biodiversity into account or compensate for it. Only 9% had a concrete action plan to fulfil the commitment. A total 18% of companies had not factored biodiversity-related issues into their public policies at all. Varma’s survey found that European companies led on setting biodiversity targets, with firms in North America and most of Asia trailing behind. Japan was an exception, with half of the assessed companies setting targets for preventing biodiversity loss. “Biodiversity loss poses significant risks to companies’ operations, and the related regulation will have a strong impact on companies [and] this will change the operating conditions,” said Hanna Kaskela, Senior Vice President of Sustainability at Varma. “Considering how much information is available on biodiversity loss, it is a miracle that so many companies lacked a concrete action plan to take biodiversity into account.”

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2025 Sustainable Media Group. Company No. 16156678. Sustainable Media Group Ltd, Bakers Hall, 7 Harp Lane, London, EC3R 6DP

To Top