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Statement from the private financial sector to ESG data providers: The urgent need for better ocean-related data to make informed investment decisions

Statement from the private financial sector to ESG data providers: The urgent need for better ocean-related data to make informed investment decisions

This is a joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management calling on ESG data providers to enhance data offerings on ocean-related risks and opportunities at project and issuer-level.
Introduction: Financial institutions are increasingly aware that alongside climate change, inequality and biodiversity loss are creating

"We encourage businesses to take action now, as it is only a matter of time before these recommendations become requirements" - Jan Erik Saugestad, CEO Storebrand Asset Management

Progress on nature disclosures are a critical step forward towards solving biodiversity loss and climate challenge

"Biodiversity loss was a breakthrough topic last year in within our sector, after what has been a long battle for many of us advocating for the issue. But now, this issue is increasingly being understood to rank alongside climate change — and to be intrinsically linked to solving it -as areas of significant systemic risk for investors"- Jan Erik Saugestad, CEO Storebrand Asset Management

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