AXA Investment Managers, BNP Paribas Asset Management, Sycomore Asset Management and Mirova, an affiliate of Natixis Investment Managers have launched a call for expressions of interest (CEI) for a partner to develop and implement an innovative tool to measure the impact of investments on biodiversity.
The goal of the CEI is to find a player capable, on a large scale, of measuring companies' biodiversity impact.
There is growing interest in quantitative indicators among regulators, investors, and their clients because these indicators can be used to measure the impact of investments, particularly environmental impact, in order to obtain concrete portfolio sustainability assessments.
Since COP 21 in 2015, the number of tools available has multiplied. Today, there are tools for measuring carbon impact, for measuring the extent portfolios are in line with the 2°C trajectory and many others, but these assessments remain largely focused on climate change. However, it is equally important that we preserve species and ecosystems. There is scientific consensus in this regard: one million species are facing extinction. Biodiversity plays a vital role, and its collapse would jeopardise the future of humanity.
Today, AXA IM, BNP Paribas AM, Mirova, and Sycomore AM are joining forces in order to raise awareness in the financial community and develop the necessary tools for investors to respond to this threat.
This coalition of investors is looking to work with an ESG data provider that is capable of developing and implementing a methodology for measuring the impact of a company's activity on biodiversity. The long-term goal is to create a dedicated database.
Interested data providers will be assessed based on the quality and transparency of their approach and on their experience in processing environmental data. Applications may be submitted through 31 March 2020.