Investors Call Out Companies On Biodiversity
A global coalition of investors is calling out some of the world’s largest companies for their impact on biodiversity, says a report from Wealth Professional. It cites a study of the MSCI World Index by the Finance for Biodiversity (FfB) Foundation, a global investor-coalition which includes Canada’s Desjardins, Fondaction, Manulife, and Vancity. The analysis found that the food, beverage, and tobacco sector has the highest potential impact on biodiversity of all identified sectors at 21 per cent, followed by the materials sector at 18 per cent. With more investors focusing on how erosion of natural habitats is impacting climate change and the resources needed to live, the report highlights the oversized damage that some industries and companies are having.