Eurosif and SIF Japan express support for Natural Capital Declaration
28 May 2012: With three weeks to go before its launch at Rio+20, the Natural Capital Declaration is now being supported by Eurosif (the European Sustainable Investment Forum) and SIF Japan (Social Investment Forum Japan).
The Natural Capital Declaration is a commitment by financial institutions to work towards developing a methodology to integrate natural capital considerations into financial products and services. It has 24 endorsers so far, in Australia, Brazil, China, Ecuador, Italy, Mexico, the Netherlands, New Zealand, Paraguay, the British Isles and the US.
Although the NCD can only be signed by the CEOs of financial institutions, Eurosif and SIF Japan join a growing number of other organisations that are also expressing their support for the NCD, including US SIF and UKSIF.
François Passant, Executive Director of Eurosif, said: “Eurosif endorses the Natural Capital Declaration as part of our mission to develop sustainability in the European financial markets.”
Mariko Kawaguchi, Chief Executive and Secretary General of SIF Japan, said: “Many policies, systems and tools for ecological sustainability have been implemented since global leaders agreed to fight for global sustainability at the Rio Earth Summit in 1992. However, we are now facing more pressing and serious challenges than 20 years ago.
“In order to steer the global economy in the direction of a more sustainable system, incorporation of natural capital into economic activity is crucial. The role of reallocating global resources in a sustainable manner is a challenge for financial institutions. Such awareness in Japan resulted in the Principles for Sustainable Finance, a new initiative endorsed by 180 financial institutions.
“By expressing our support for the NCD, SIF Japan enhances its mission to promote sustainable investment and finance in Japan.”
EUROSIF, the European Sustainable Investment Forum, is the leading pan-European sustainable investment membership association whose mission is to develop sustainability through European financial markets. Being a not-for-profit organisation, Eurosif works as in partnership with several national Sustainable Investment Forums (SIFs), covering 9 European markets, with the support and involvement of a range of Member Affiliates. Eurosif is a multi-stakeholder organisation whose Member Affiliate and SIF-related network spans over 600 European organisations ranging from asset managers, ESG rating agencies, research and investment service providers to academics, trade unions and NGO’s; collectively member affiliates represent assets in excess of €1 trillion. With its unique design, constituency and pool of expertise, Eurosif speaks authoritatively and broadly on Sustainable and Responsible Investment (SRI) issues. The main activities of Eurosif are public policy, research and supporting platforms for nurturing best practices regarding SRI policies.
About SIF Japan
Social Investment Forum Japan (SIF Japan) is a Not-for-Profit Organization established in early 2001 to promote SRI in Japan. SIF Japan’s mission is to establish a social norm which supports investing in socially responsible companies, organizations, and projects, which in turn will be able to solve various social problems and develop SRI markets.
Go back to News