Finland’s Ilmarinen joins Nature Action 100 initiative

Written by Natalie Tuck

28/09/2023

Finnish mutual pension insurance company, Ilmarinen, has become one of the 190 investors globally to join the Nature Action 100 initiative.

Nature Action 100 is the first global investor engagement initiative to address the urgent nature crisis and biodiversity loss around the world, having only been announced earlier this week on 26 September.

Investor participants will focus on advancing corporate ambition and action in eight key sectors deemed systemically important to reversing biodiversity loss by 2030. These industries are biotechnology and pharmaceuticals; chemicals; household and personal goods; retail trade of consumer goods; foods; retail sale of food and beverages; forestry and paper; and metals and mining.

The work started by sending letters to a hundred companies demanding urgent and necessary actions to protect and restore nature and ecosystems and thus mitigate the financial risk. The companies were selected on the basis of their market value in key sectors and on the basis of the Finance for Biodiversity Foundation's analysis of the companies with the greatest impact on nature.

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