Mirova, an affiliate of Natixis Investment Managers, has launched a campaign writing to the 600 largest European companies asking them to raise their disclosure standards on biodiversity issues.
See also: Financing nature: Why COP30 must deliver on the climate-nature nexus
Launched ahead of general meetings, Mirova has sent out written questions in the campaign to all companies in the STOXX 600 – an expansion on the number of companies approached last year – with pressure on them to demonstrate their biodiversity strategy by:
- Utilising the reporting framework on nature led by the Taskforce on Nature-related Financial Disclosures (TNFD) and to report biodiversity as a material issue under the Corporate Sustainability Reporting Directive (CSRD).
- Fulfilling their commitment to preserving natural ecosystems through science-based targets, such as the Science-Based Targets for Nature (SBTN).
The campaign was carried out last year with encouraging results: all companies responded and the vast majority were able to demonstrate advanced approaches, Mirova said.
Louise Schreiber, head of sustainable development research – listed assets at Mirova, commented: “By expanding our engagement campaign to STOXX 600, we aim to strengthen our direct dialogue with the companies in our portfolio in a constructive manner to improve their consideration of biodiversity issues, which, like climate change, should be integrated into the core strategy of each company. We hope this new campaign will encourage companies to systematically include this topic on the agenda of their general meetings.”.
Mirova is also a part of Nature Action 100 and is involved in several other initiatives that favour the transition to sustainable practices for the preservation of nature, including addressing persistent pollution, deforestation and resource protection.
