The Brunel Pension Partnership has identified biodiversity as a new priority focus for its broader responsible investment mandate.
The pool, which brings together ten local government pension funds, published its 2022 Responsible Investment and Stewardship Outcomes Report today (11 May 2022). This includes a biodiversity strategy that outlines Brunel’s own commitments, plus its expectations of asset managers and high-risk companies.
Brunel’s own commitments include: identify nature- and climate-positive investment solutions; ask managers to evidence their approach; and support the development and report against the guidance of the Taskforce for Nature-related Financial Disclosures (TNFD).
‘Investors and corporations must recognise that accounting for biodiversity-related impacts is critical and, with a final framework coming down the line in 2023, companies must start preparing for the impending reality of nature-related disclosure,” said Laura Chappell, Brunel’s chief investment officer.
Brunel said that it wanted to highlight the urgency of the issue of biodiversity loss. It cited research by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services showing that a million species are at risk from extinction in the coming decades and that, without action, extinctions will accelerate.
The launch of TNFD, according to Brunel, offered “the first seeds of hope that investors could become part of the solution – if they make biodiversity an investment priority”.
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