• Natural Capital Declaration
  • Natural Capital Declaration
  • Natural Capital Declaration
  • Natural Capital Declaration

Signatories

Althelia Ecosphere

Althelia Ecosphere

Type: investor

Country: United Kingdom

Date of signing: 12 March 2012

“Today, quite simply, the business-as-usual model for development is failing. Financial capital is more often than not deployed in a manner that comes nowhere near to reflecting the value of Earth’s natural capital, and the price of this is all-to-often borne by those separated by space and time from the point at which economic values are realised. We find marine and terrestrial ecosystems, biodiversity, fresh water resources and the Earth’s climate in a perilous state, and at the root of this problem is the fact that the traditional economy as it is constructed is woefully inadequate in ascribing anything like the true value of these resources, which are mission-critical for life on earth and the human economy writ large. As an asset management platform dedicated to piloting approaches for directing the enabling financial and technical resources necessary to shift commerce and economic growth in the tropics and sub-tropics away from a model based solely on near-term financial returns to one in which financial, economic, environmental and social benefits are aligned and mutually re-inforce each other, Althelia Ecosphere is proud to endorse the Natural Capital Declaration.”

Christian Del Valle

Managing Partner

ASN Bank

ASN Bank

Type: Bank

Country: The Netherlands

Date of signing: 29 March 2012

“Realising a fair sustainable society, countries, companies and the financial sector need to take their responsibility. ASN Bank works on realising a sustainable world. A world where people are free to make their own choices, without compromising others. A society without poverty, where everyone can follow education and have good housing and health. Our core themes are human rights, climate change and biodiversity. We are transparent on our investments. All in line with our vision of how a sustainable world looks like. We therefore endorse the Natural Capital Declaration. It can play an important role since ecosystems provides services that are of economic, aesthetic, religious and cultural value to mankind.”

Ewoud Goudswaard

CEO

Banca Monte dei Paschi di Siena

Banca Monte dei Paschi di Siena

Type: Bank

Country: Italy

Date of signing: 10 June 2012

“Factors and dynamics affecting natural resources, pollution and climate change raise increasingly urgent and widespread concerns for governments, industries and people, both at global and local level. The financial sector has a major role to play in addressing these problems. Banca Monte dei Paschi di Siena is absolutely aware of this and is committed to keep doing its part by embedding environmental considerations into both its operational practices and relationships with business partners and by joining forces with other financial institutions to pursue what has become a global responsibility.”

Fabrizio Viola

CEO

Banco Multiva

Banco Multiva

Type: Bank

Country: Mexico

Date of signing: 12 June 2012

 

Carlos Soto Manzo

Director General

Banco Pichincha

Banco Pichincha

Type: Bank

Country: Ecuador

Date of signing: 20 March 2012

“With global warming an undeniable fact, it is clear to us that very action undertaken to reverse this trend will be key to saving our planet. We want to be part of the solution by pursuing a responsible usage of the resources at our disposal. That is also for us a way to contribute to our country’s development .It is important to us to meet our business goals, but the way we do this is even more important. That is to say, our growth is not only characterized by a sense of sustainability, but also one of responsibility towards society and the environment. We strive to make our clients aware of the consequences of the environmental impacts generated by their businesses, both on their lives and on the world as a whole. Environmental risks can and should be anticipated, and they can become business opportunities that generate sustainability for us.”

Fernando Pozo

CEO

Banorte – Ixe

Banorte – Ixe

Type: Bank

Country: Mexico

Date of signing: 11 June 2012

The world can no longer free ride or shut its eyes to the motion of natural capital.  Its incorporation in any business decision will be critical if we truly desire a sustainable development in the global ecosystem.  This is not an option it is a necessity for our present and future well-being.

Alejandro Valenzuela del Rio

CEO

BBVA

BBVA

Type: bank

Country: Spain

Date of signing: 20 June 2012

 

Angel Cano Fernandez

President & CEO

Caisse des Dépôts

Caisse des Dépôts

Type: Investor

Country: France

Date of signing: 7 June 2012

 

We don’t achieve a sustainable development nor a stable global economy without a biodiversity preservation and promotion. Caisse des Dépôts, a first rank financial investor, has placed biodiversity as one of her criteria for investment strategies

Antoine Gosset-Grainville

CEO

Caixa Econômica Federal

Caixa Econômica Federal

Type: Bank

Country: Brazil

Date of signing: 11 June 2012

CAIXA recognizes the importance of natural capital as a fundamental part of business sustainability. Natural resources are the basis of our economy, providing raw materials and resources for the production of goods, besides the ecosystems services, which determines the quality of life in our planet. In this way, Caixa Econômica Federal, as a development agent, is aligned with the new needs of the society and the productive sector always considering the rational use of the natural resources and the environmental impacts created by the activities and projects financed and supported by the institution.”

Jorge Fontes Hereda

President

Caledonia Wealth Management, Ltd.

Caledonia Wealth Management, Ltd.

Type: Investor

Country: United States

Date of signing: 20 February 2012

Caledonia has long seen the value of Natural Capital both financially within our economic system and to our social fiber as part of our larger ecosystem on Earth. It is with this in mind that we heartily endorse The Natural Capital Declaration and fully support all efforts to integrate financial institutions in the important role they play in creating a sustainable platform with far reaching social and environmental impact.”

David McMillan

Co-founder

Calvert Investments

Calvert Investments

Type: Investor

Country: United States

Date of signing: 20 February 2012

“With over thirty years of sustainable investing experience, Calvert has a depth of experience in assessing the environmental, social, and governance (ESG) risk and opportunity in the evaluation of companies for investment.  Yet while many elements of ESG analysis are now transparent, investors are still largely unable to account for potential risks from biodiversity loss or quantify how companies have benefitted from healthy ecosystems.  Investors will require greater transparency from corporations as resource constraints sharpen.  We welcome the opportunity afforded by the Natural Capital Declaration to explore the integration of biodiversity and financial analysis as an industry and to collaborate with other investors to provide clear direction to our collective portfolio holdings.  In many ways the natural world is priceless, and yet we must recognize the value we all derive from it while considering the interests of those most dependent upon its survival.”

Barbara Krumsiek

CEO

CDC Climat

CDC Climat

Type: Investor

Country: France

Date of signing: 31 May 2012

“Biodiversity loss is one of the most visible impacts of a changing climate. The two perils are inextricably linked. As a major financial player in the fight against climate change, CDC Climat participates only in projects with high environmental co-benefits.

The NCD is an important new tool to help the financial sector to define its environmental criteria and guide investment towards a green economy.

CDC Climat is proud to endorse it.”

Pierre Ducret

CEO & Chairman

China Merchants Bank

China Merchants Bank

Type: Bank

Country: China

Date of signing: 20 February 2012

“CMB has been committed to social responsibility and its role as a corporate citizen since its inception. As part of this commitment, we have contributed to various areas such as poverty relief, education, public health, and green finance. It is with important practical significance to bring forward the concept of “Natural Capital”, which represents human’s profound reflection on self-development. Our priority rests on sustainable utilization of natural capital during the process of socio-economic development. CMB is ready to work with its global peers to maximize the protection of the world’s natural capital.”

Ma Weihua

President and CEO

CIBanco

CIBanco

Type: Bank

Country: Mexico

Date of signing: 20 February 2012

“We created new financial green products to redefine banking in Mexico. By becoming the first green bank in the country, we show our commitment to sustainable finance and to economic development through sustainability”

Jorge Rangel de Alba

Chairman of the Board


Earth Capital Partners

Earth Capital Partners

Investor

United Kingdom

16th June, 2012

“The finance sector is starting a voyage of discovery to learn the links between natural and economic capital. Natural capital underpins many of the goods and services critical to business and economies. Mankind’s current and future well-being is totally dependent upon an accurate assessment of the impact finance has on natural capital for current and future generations. Earth Capital Partners’ Earth DividendTM is one of the first robust systems for measuring and accounting for the impact of an investment on all components of natural capital and we welcome The Natural Capital Declaration’s objective to make clear that relationship and encourage financial institutions to factor critical biodiversity and ecosystem services issues into its financial decision making.”

Neil Brown

Senior Partner

Financiera Rural

Financiera Rural

Type: Bank

Country: Mexico

Date of signing: 25 April 2012

“Financiera Rural, as a national development bank,  is deeply engaged in promoting social and sustainable development. We believe it is part of our responsibility to support new schemes of economic growth that incorporate the full value of our natural resources. Endorsing the Natural Capital Declaration is a great opportunity for our Institution to show our genuine commitment in the search of a balance between the conservation of natural capital and productivity. We firmly believe that the path towards a genuine  development is through sustainability in all its aspects.”

Gustavo Merino Juárez

CEO

FIRA – Banco de Mexico

FIRA – Banco de Mexico

Type: Bank

Country: Mexico

Date of signing: 16 February

“Sustainable development is at the core of FIRA’s mission and it is our desire to seek sustainability in every financial operation in which FIRA and any of its partner financial intermediaries takes part. FIRA is well aware that all the extreme climatic events that have been taking place constitutes a signal that action has to be taken to, first, mitigate all the anthropogenic causes of these events and, second, to find novel ways to finance all the required infrastructure to adapt and solve the consequences of this phenomena. This problematic poses a great danger over the wellbeing and hinder the development of the whole world, particularly to the ones in most need. FIRA proactively promotes the adoption of new ideas to foster the sustainable development and thus endorses the Natural Capital Declaration in the hope that future generations can have access to at least the same environmental capital endowed to us.”

Rodrigo Sanchez Mujica

CEO

First Green Bank

First Green Bank

Type: Bank

Country: USA

Date of signing: 30 May 2013

“I strongly believe that efficient, wise use of resources — conservation — is a fundamental virtue and an economic necessity.  And I am convinced that business can be holistic: in addition to making a profit, business can have a positive impact on society.  As one of the first banks in the United States which has an environmental and social mission, and as a member of the Global Alliance for Banking on Values, First Green Bank adheres to a values-based business model which endeavors to do the right thing for: the environment, its people, its community, and its shareholders.  We are passionately dedicated to our mission of helping to show people there is a better way to do business which is financially, environmentally, and socially responsible, and the Natural Capital Declaration provides an awesome opportunity to contribute as global change agents.”

Ken LaRoe

Chairman and CEO

FMO

FMO

Type: Development Bank

Country: Netherlands

Date of signing: 28 May 2013

I believe the financial sector has a vital role to play to enable the tranisition towards natural and social capital accounting. At FMO we are working hard to make this a reality.

Nanno Kleiterp

CEO

Forma Futura Invest AG

Forma Futura Invest AG

Type: Investor

Country: Switzerland

Date of signing: 25 October 2012

In recognition of the networked nature of the biophysical, sociopolitic and economic processes Forma Futura is commited to a systemic approach.

Taking into account the increasing interconnectedness of the world means to  take mutual dependency seriously – both as restriction and as opportunity. By controlling the use of means we can support meaningful changes  to conserve and improve the quality of life.

At the beginning of our model for further discussion stands quality of life. It comprises according the the Millenium Ecosystem Assessment the components health, fulfilment of basic material needs, security, good social relations and freedom of choice and action.

To preserve and improve the quality of life for future generations, while respecting the earth’s biophysical limits is embraced by the term “Sustainable Quality of Life”. It is in relationsship with global and sector specific challenges (e.g. climate change, water shortag, population growth, new technologies, human rights, political and economic  basic conditions).

Money as vital resource is used responsibly by Forma Futura by investing in assets that preverably contribute to a sustainable quality of life, are financially solid and achieve a competitive, risk-adjusted return. Such financial assets are characterised by above-average performance regarding quality of management and leadership and by direct contribution to a sustainable quality of life through products and services.

Antoinette Hunziker-Ebneter

CEO

Fundación Social

Fundación Social

Type: Investor

Country: Colombia

Date of signing: 22 May 2012

“We are facing a very unique shift in the beliefs that support our economic thinking. Considering natural capital in our decision making models, isn’t just a reflection of that shift, but a big step towards real sustainability and a better stewardship of the planet.”

Eduardo Villar Borrero

Corporate Vice-President and Head of the Board at Banco Caja Social

Infraprev

Infraprev

Type: Investor

Country: Brazil

Date of signing: 4 May 2012

“We live in a world where information has a key role in the decision making process of investors, government and society. By joining this important UN initiative, Infraprev reaffirms its commitment to the environment and to people, striving to encourage other Brazilian institutions to engage in the reporting of their current use of natural resources. The issue of sustainability is increasingly important for Infraprev and it is part of our corporate strategy. Infraprev is already a signatory of the Principles for Responsible Investment (UN-PRI) and coordinates the engagement group of new PRI signatories inBrazil. We are also part of the CDP (Carbon Disclosure Project) technical committee forLatin America: we have been offsetting our greenhouse gas emissions since 2008, thus being the first Brazilian pension fund to become carbon neutral. The key is to effectively carry out actions that contribute to improving life on Earth.”

Carlos Frederico Aires Duque

CEO

International Finance Corporation

International Finance Corporation

Type: Investor

Country: United States

Date of signing: 21 April 2012

“IFC is firmly committed to protecting the environment. The recent update of IFC’s Performance Standards on Environmental and Social Sustainability reflects our recognition of the value of natural resources and their contribution to people’s livelihoods,” said IFC Executive Vice President and CEO, Lars Thunell. “I am therefore very glad to be a signatory to this declaration and for IFC to participate in the leadership that financial institutions are taking on this important issue.”

Lars Thunell

CEO

Kenya Commercial Bank

Kenya Commercial Bank

Type: Bank

Country: Kenya

Date of signing: 5 October 2012

“Today, the KCB Group endorses the Natural Capital Declaration as a sign of its commitment to corporate sustainability and assurance of reflection of the total economic value of our company.”

Dr. Martin Oduor-Otieno

CEO

MN

MN

Type: investor

Country: Netherlands

Date of signing: 30 May 2012

“When I first heard about biodiversity and the importance of that for our clients investments, I was a bit skeptical. But when I heard about the starvation of bees, possibly caused by certain pesticides, and the effects that could have on global agriculture and the food industry, I grew convinced that the protection of biodiversity may indeed be material to our investments. It’s one of the reasons for us to discuss the issue in our engagement with companies.”

Wouter Pelser

CIO

Mongeral Aegon

Mongeral Aegon

Type: bank

Country: Brazil

Date of signing: 29 May 2012

Mongeral Aegon believes that the way a company runs its business is what truly makes it a partner and co-responsible for sustainable development. Through this commitment, we have built a history of tradition, always basing our actions on our corporate values of transparency, excellence, investment in our employees, innovation and social responsibility. The solidification of our values is evidence that Sustainability is being handled with determination inside the company.  In this process, it is an honor for us to become signatories of the Natural Capital Declaration. We are also signatories of the Global Compact, of the Principles for Responsible Investment, of the Carbon Disclosure Project, and we are adding to the Principles for Sustainable Insurance, which reaffirms that Sustainability is incorporated to our strategy, and it could not be different in a company providing services for the financial security and the well-being of people in the future.” 

Helder Molina

President

Mutualista Pichincha

Mutualista Pichincha

Type: bank

Country: Ecuador

Date of signing: 20 March 2012

“Mutualista Pichincha has incorporated the principles and best practices of Corporate Social Responsibility (CSR) as the primordial base of our business strategy. Consistent with this philosophy, we encourage and promote any and all initiatives that promote business and businessmen to move toward socially responsible behavior. Moreover, in our institution we have established Eco-Efficiency and Sustainable Construction as our two main objectives within the environmental component of this social responsibility. The Natural Capital Declaration points out the key aspects that should be included in the agenda of any public or private concern in order to protect the otherwise defenseless resources of our world; therefore, we fully endorse it, as we are totally convinced that this is only way to promote a different business perspective within the communities where we carry our activities. Furthermore, we are convinced that responsible corporate behavior is not optional and that adopting a new philosophy that includes concern for our social and natural environment is the key to the long term survival of any company.” 

Mario Burbano

CEO

National Australia Bank

National Australia Bank

Type: bank

Country: Australia

Date of signing: 8 December 2011

“NAB recognises that all companies are dependent on ecosystem services, either through their supply chains, around their operating sites or via their customers. We see that managing natural value includes the economic valuing of ecosystem services and the natural environment – that is, recognising impact and dependency on biodiversity and ecosystem services and accounting for them within traditional business frameworks and the way we do business. This is important for the sustainability of our business and economic systems. NAB has been investigating these issues and is starting to explore how we can review our business models. And for these reasons National Australia Bank endorses the Natural Capital Declaration.” 

Cameron Clyne

CEO

Nedbank

Nedbank

Oppenheim

Oppenheim

Type: investor

Country: Guernsey

Date of signing: 24 February 2012

“Oppenheim & Co Limited is a boutique asset manager that believes in leadership by example. We have established the Gaia Opportunities Fund in Luxembourg to be an engine for recycling capital into economic sustainability. As well as benefitting clients by investing into themes related to climate change, inflation and population growth, part of our performance fee will be donated to sustainable projects to show that financial companies can be a force for positive change. We are therefore delighted to hereby endorse the declaration.”

Toby Birch

Managing Director

PaxWorld Management

PaxWorld Management

Type: investor

Country: USA

Date of signing: 16 February 2012

“The vast stock of natural capital on which human life depends – air, water, minerals, oil, fisheries, forests and rainforests, grasslands, wetlands, oceans – is deteriorating at an unprecedented rate. In fact, all of earth’s basic life-support systems are in serious and accelerating decline while global population has just surpassed the 7 billion mark. Over the next decades, it will be necessary for market capitalism to undergo a Sustainability Revolution equal in significance to the Industrial Revolution that ushered in the modern period. For this to happen, our financial system must dramatically change, and I hope the Natural Capital Declaration can be a catalyst for such change.” 

Joe Keefe

CEO

Ping An Bank

Ping An Bank

Type: bank

Country: China

Date of signing: 3 May 2012

“As Ping An Bank has many clients and partners, we therefore understand that the environmental impact that Ping An Bank might bring to the society cannot be ignored. We should not only focus on the energy conservation and emission reduction of  Ping An Bank itself; more importantly, we need to integrate the environmental factor into our financial products and services in promoting green finance as well as sustainable development. We believe that we would be ready to take more responsibility and more capable of bringing natural capital considerations into the decision-making process of  Ping An Bank.”

Richard Jackson

CEO

Rabobank Group

Rabobank Group

Type: bank

Country: Netherlands

Date of signing: 6 December 2011

“The Earth’s resources are the basis for our economy, our food supply and our well-being. We therefore have to guard nature and act according to its rules. We are stewards: for ourselves, for our economy, for food security, for nature itself and for the generations-to-come. This thinking should be the core of business: working in full co-operation with nature!.”

Piet W. Moerland

CEO 

Robeco

Robeco

Type: investor

Country: Netherlands

Date of signing: 18 January 2012

”Recognizing and embracing our role as a responsible investor means committing to sustainability in our investment decision-making process. Sustainability issues such as Natural Capital have been on the agenda for decades. Investors are only now starting to take notice of the potential risks of dependency and impact on natural capital to preserving shareholder value. We do want our portfolio companies to be aware of the risks and opportunities throughout their value chain and take appropriate measures to mitigate or benefit from them. By working together with other financial institutions we hope to capitalize on opportunities arising from the management of these risks to create mutual benefits for all of society.”

Roderick Munsters

CEO

SNS Asset Management

SNS Asset Management

Type: Investor

Country: Netherlands

Date of signing: 31 May 2012

At SNS Asset Management, sustainability and responsible investing are not supplements to our normal operations. They represent the core approach we use to create added value – social, environmental and financial – and mitigate unnecessary risks for our clients, employees, communities, and the world we all share. This is directly aligned with the tenets of the Natural Capital Declaration, which acknowledge that financial institutions have unique responsibilities and opportunities as market makers to help build financially and environmentally sustainable economies. The idea that economic and environmental value are mutually-exclusive is no longer valid in the 21st century. SNS Asset Management is proud to collaborate with the other leaders in our field to support the Natural Capital Declaration and its efforts to promote integrated valuation

Jacob de Wit

CEO

Société Forestière

Société Forestière

Type: investor

Country: France

Date of signing: 4 June 2012

Société Forestière is strongly involved in the challenge of sustainable management of nature. Specialized in forestry investment, wood and nature, its range of services aims to reconcile modern society’s need for development and the preservation of the environment : (i) services to investors in forest and real estate: expertise and assistance in investment, sustainable and profitable management of forests and natural areas; (ii) services to the timber industry: production and distribution of wood, as a durable and renewable source; (iii) services to owners: actions for biodiversity and landscape management. Société Forestière, which is certified ISO 9001, has also been eco-certified, according to the PEFC label. All the forests it manages are adapted to the effects of climate change. Some key figures for 2011 : 240,000 hectares of forest management; 1 million cubic meters of timber sold annually; 1,900 hectares secured and managed as biodiversity assets. Société Forestière is proud to endorse the Natural Capital Declaration. “ 

Laurent Piermont

CEO of IERMONT, CEO of Société Forestière

Sovereign

Sovereign

Type: insurer

Country: New Zealand

Date of signing: 21 March 2012

“As an insurer we routinely sell policies that we expect to be on our books for 50 years – in fact the longest paying policy on our book is 92 years old. Delivering on our promise that we will be around and in good shape to meet our obligations in 50 years time is essentially how we define our sustainability challenge. It is clear to us that economic and social wealth is inextricably linked to the natural resource base and that to ensure a sustainable future our shared natural resource base must remain healthy and viable. Sovereign is committed to understanding the impact that our investments have on natural capital and to make this visible to all of our stakeholders. We are therefore, very proud to support the Natural Capital Declaration as a global initiative to measure, disclose and take action to value natural resources as an extension of capital and look forward to working with others to realise this ambition.”

Charles Anderson

CEO

Standard Chartered

Standard Chartered

Type: bank

Country: United Kingdom

Date of signing

“Standard Chartered takes a long term view of the environmental consequences of our actions, either directly from our operations or indirectly through our relationship with business partners. We ensure we build a sustainable business that brings benefit to our shareholders, society, the environment and local economies. Recognising natural capital protection as a key element of this agenda, we have placed greater emphasis in understanding the interconnectedness of issues around food, energy and water security, against a backdrop of climate change. These four issues guide our efforts to identify areas where we reduce our own resource consumption, manage risks, and promote business development in our markets. We consider the endorsement of the Natural Capital Declaration as a way of demonstrating our commitment and joining forces with our peers to find innovative solutions to this issue.” 

Peter Sands

CEO

Sumitomo Mitsui Trust Holding

Sumitomo Mitsui Trust Holding

Type: Bank

Country: Japan

Date of signing: 8 June 2012

“Natural Capital (the Earth’s natural assets) are the most fundamental assets which make human life possible. Damage to Natural Capital would inevitably prevent the conduct of sound business operations over the long term, and repairing such damage is no easy task. Therefore, Sumitomo Mitsui Trust Group has developed various financial products and services to protect such Natural Capital. By becoming a signatory to the Natural Capital Declaration, we will further advance these initiatives and make our own contributions to the realization of a world in which humans can use Natural Capital in a sustainable manner.”

Kunitaro Kitamura

President

UniCredit

UniCredit

Type: bank

Country: Italy

Date of signing: 23 March 2012

“UniCredit acknowledges that only by preserving ecosystem services it is possible to maintain economic development in a sustainable way. Climate change, loss of biodiversity, soil degradation and water scarcity are undermining human activities. That’s why, over recent years, we have engaged in a number of initiatives aiming at reducing direct and indirect impacts of our operations. Through our greenhouse gases abatement targets, our suppliers’ selection criteria, and our lending practices we are trying to demonstrate that businesses can play an active role in addressing the challenges of the XXI century. We engage with our customers and suppliers, and in private public partnership, so that businesses together with policy makers can contribute to preserve nature and eradicate poverty and hunger. For these reasons we endorse the Natural Capital Declaration.” 

Federico Ghizzoni

CEO

Visión Banco

Visión Banco

Tipo: Banco

País: Paraguai

Data de assinatura: 12 de março de 2012

“No Visión Banco, nós consideramos o meio ambiente como uma questão transversal para a gestão empresarial. Sendo uma das maiores instituições financeiras do país e um promotor da Responsabilidade Social Corporativa, nosso apoio à Declaração do Capital natural expressa nosso compromisso com a sociedade e as futuras gerações. Da nossa posição, o Paraguai é em geral um país bastante dependente de recursos naturais e de serviços ecossistêmicos, e nós esperamos promover a conscientização da importância do nosso capital natural (ar, solo, água, flora e fauna) no setor empresarial privado, em especial as instituições financeiras, e assim construir um futuro sustentável para todos.”

Beltrán Macchi

CEO

YES Bank

YES Bank

Fi Type: Bank

Fi Country: India

Date of signing: 4th September 2013

 

Rana Kapoor

CEO

Zevin Asset Management

Zevin Asset Management

Type: investor

Country: USA

Date of signing: 21 February 2012

“At Zevin Asset Management, our area of expertise is risk avoidance. We consider environmental, social and governance factors as a marker of strong and enduring companies. Taking environmental, social, and governance factors into account in our security analysis lets us identify potential areas of concern before they become a material issues. Our investment discussions integrate the disciplines of economics, politics, financial analysis, and sustainability. This unique process is a key aspect in bringing together themes of sustainability with investing. Our endorsement of the Natural Capital declaration comes from the need to highlight this message among other financial institutions and regulators to help us all work together towards true sustainability.” 

Benjamin Lovell

President