The rapid loss of biodiversity is considered a potentially bigger crisis than climate change, and poses an urgent threat to human life.
As the first Nordic bank, Danske Bank have now signed up to Partnership for Biodiversity Accounting Financials (PBAF), an international union of banks, who work to reduce their negative impact and increase their positive impact on biodiversity.
“The biodiversity crisis hasn’t historically seen the same level of as attention and action as climate change, but action is needed and the financial industry has a responsibility to actively take part in solving the challenge,” says Samu Slotte, Global Head of Sustainable Finance in Danske Bank, and adds:
“PBAF is an important initiative that supports and promotes the standardisation and transparency of efforts to measure and assess biodiversity-related financial risk. It serves as a framework to measure and report on our biodiversity impact from our investments and corporate lending activities."
Danske Bank starts measuring on the biodiversity impact of its loan and investment portfolio
As the first Nordic Bank, Danske Bank have signed up to Partnership for Biodiversity Accounting Financials (PBAF). The partnership enables us to measure, and in the long term, set concrete targets for our impact on biodiversity.