Australian Ethical Investment Becomes Official Signatory to the Natural Capital Finance Alliance
Sydney, Geneva, Oxford, 12 January 2017 – Australia’s leading ethical wealth manager, Australian Ethical, has become a signatory to the Natural Capital Finance Alliance (NCFA), the global finance-led initiative convened by the UN Environment Programme Finance Initiative (UNEP FI) and the Global Canopy Programme (GCP). As a signatory, Phil Vernon, CEO has committed Australian Ethical Investment to understanding its natural capital impacts and dependencies, and supporting the development of methodologies and tools to integrate natural capital into financial products and services.
The NCFA is the leading global finance sector initiative focused on natural capital, endorsed at CEO-level by over 45 financial institutions. Its signatories and supporters work with a dedicated secretariat to advance environmental risk management and innovative conservation finance, as well as financial sector accountability and disclosure for the impacts and dependencies of portfolios companies. Over 40 non-financial organisations are NCFA supporters, contributing a range of expertise to the initiative’s practical work programme to develop tools, methodologies and guidance to build capacity for signatories to meet the NCFA commitments.
Phil Vernon, CEO of Australian Ethical Investment said “For 30 years Australian Ethical Investment has invested in accordance with its Ethical Charter to promote the well-being of people, animals and the environment. We are acutely aware of the need for companies, investors and lenders to find better ways to integrate their reliance and impacts on the natural world into their decision making. This task is as challenging as it is important. The work of the Natural Capital Finance Alliance is meeting these challenges by building understanding of business impacts and dependencies on natural capital as well as developing practical tools to analyse, manage and report these impacts and dependencies.”
Marie Morice, Head of Natural Capital Finance Alliance said “We are extremely excited to have a one of the world’s leading environmental and socially responsible investor like Australian Ethical Investment involved with the Natural Capital Finance Alliance. The NCFA is looking forward to working with Australian Ethical Investment and other leading financial institutions to accelerate the understanding of how natural resource constraints are likely to affect current business models and collaborate in the development of sector wide tools and methodologies to mitigate these risks, whilst identifying potential transition opportunities”.
Notes to editors
About the Natural Capital Finance Alliance
The Natural Capital Finance Alliance (NCFA) – formerly known as the Natural Capital Declaration is a global finance-led initiative to integrate natural capital considerations into financial products and services, and to work towards their inclusion in financial accounting, disclosure and reporting. It is signed by the CEOs of over 45 financial institutions, which are actively working with supporting (non-financial) organisations to develop methods to implement the four commitments outlined by the ‘Natural Capital Declaration’.
This is being done through a steering committee of signatories and supporters and four working groups, supported by a secretariat formed of the UN Environment Finance Initiative (UNEP FI) and the Global Canopy Programme (GCP). The NCFA is actively engaging with financial institutions to develop a range of tools to facilitate integration of natural capital factors into financial products and services and strengthen management of natural resource and environment-related risks and opportunities.
For more information visit www.naturalcapitalfinancealliance.org
About UNEP Finance Initiative
The United Nations Environment Programme Finance Initiative (UNEP FI) is a unique partnership between UN Environment and a global network of over 200 banks, insurers and investors from 51 countries. UNEP FI aims at creating an enabling environment for financial institutions to embed sustainable development policies into their operations, and its mission is to mainstream the integration of sustainability across the finance sector. It provides a neutral space to convene stakeholders and acts as a platform at the intersection between finance, science and policy. Visit www.unepfi.org
About the Global Canopy Programme
The Global Canopy Programme (GCP) is a tropical forest think-tank and international NGO, working to demonstrate the scientific, political and business case for safeguarding forests as natural capital that underpins water, food, energy, health and climate security for all. www.globalcanopy.org
About Australian Ethical Investment
Australian Ethical is Australia’s leading ethical wealth manager. Since 1986, Australian Ethical has provided investors with wealth management products that align with their values and without compromising returns. Investments are guided by the Australian Ethical Charter which both shapes its ethical approach, and underpins the Company’s culture and vision. Australian Ethical has approximately A$1.7 billion in funds under management, across superannuation and managed funds. Visit: www.australianethical.com.au
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