We are very excited to announce the joining of Investec as a supporter of the partnership.
A statement of the organisation about their motivation and the importance of joining PBAF: “Investec is commited to understanding our impact on the world around us. We aim to avoid and minimize our negative impacts and enhance our positive ones. Biodiversity has become increasingly impacted through human activities and is exacerbated by climate change. We recognize the role financial institutes can play in mitigating these impacts and restoring existing biodiversity. Investec has more than a decade of experience in conservation and the econony of wildlife, and we have learnt that the greatest contribution is achieved by partnerships borne from a shared purpose. PBAF has the platform and tools to help us with our monitoring and assessment of biodiversity factors."
The PBAF team welcomes Investec to the partnership and is looking forward to a valuable collaboration.
Investec’s journey of organic growth and strategic acquisitions began in South Africa in 1974. Today, it is an international organisation listed on the Johannesburg Stock Exchange and the London Stock Exchange. The company operates mainly in South Africa and the UK, with smaller footprints in other geographies. Investec Limited is the holding company encompassing its Southern Africa businesses. Investec plc is the holding company consisting of non-Southern African businesses. The holding companies together, make up the Investec Group, listed as Investec DLC. The Investec Group provides permanent employment for 7917 employees in our 8 jurisdictions. Investec prides itself on being a distinctive banking wealth management business creating sustainable long-term value for our stakeholders and making meaningful contributions to our people and planet.
About the Partnership for Biodiversity Accounting Financials (PBAF)
The Partnership for Biodiversity Accounting Financials (PBAF) develops the ‘PBAF Standard’. The PBAF Standard enables financial institutions to assess and disclose impact and dependencies on biodiversity of loans and investments. PBAF provides practical guidance to financial institutions on biodiversity impact and dependency assessment and defines what is needed in order for these assessments (either or not conducted by data providers) to deliver the right information to financial institutions. With this information financial institutions can effectively manage and report on biodiversity related risks and opportunities and contribute to the conservation and sustainable use of biodiversity. For more information please visit: https://pbafglobal.com/about-pbaf