The PRI has announced the first batch of 40 companies that will be engaged through Spring – its investor stewardship initiative focused on nature. Bunge, Mercedes-Benz Group and L’Oreal are included in the list of companies, which the PRI said are the most influential in shaping the dynamics of land use in key geographies. Responsible practices by these companies, it said, may help protect important and sensitive biomes, including the Amazon, Grand Chaco and Cerrado in Latin America and tropical forests in Indonesia. Spring is currently endorsed by 129 PRI signatories representing a combined estimated US$9 trillion in assets under management. “Last December, the COP28 climate summit marked a global recognition of the nexus between climate change and biodiversity loss,” said Tim Steinweg, PRI Head of Nature. “The Joint Statement on Climate, Nature and People called for a unified approach to meeting the targets of the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework and proposed a whole-of-society approach to developing climate and nature policies. Investors can play a key role in contributing to the objectives of these global agreements, and collaborative stewardship initiatives are an effective and efficient tool to do so.”
