Danish pension company Danica Pension has begun an engagement campaign with 30 large, global companies to encourage them to strengthen efforts to minimise the impact on biodiversity in forest and marine areas.

It is also hoping to help the companies improve the reporting in this area.

Furthermore, Danica’s ambitions for its real estate investments were being raised to bring nature into urban areas.

These new measures must also contribute to limiting climate change, Danica stated.

Danica said it wanted to be at the forefront and contribute to companies becoming better at protecting and restoring biodiversity, as this “also helps to secure the value of our customers’ pension investments”.

As a first step, Danica is moving towards 2025 in a targeted dialogue with 30 companies, including McDonald’s and Pepsi, that have an impact on marine and forest areas, and depend on them to conduct business.

Its ambition is to help them start work on setting goals for how they will reduce their negative impact on biodiversity, adopt biodiversity policies or provide a greater insight into how they handle biodiversity factors that are important to the business.

"Society is in the middle of a biodiversity crisis, and there is no time to wait for global agreements or better data if it is to be resolved,” commented Danica Pension CEO, Søren Lockwood.

“We expect companies to contribute to creating a balanced nature and to be more transparent about their impact on nature and how they depend on biodiversity.

“It is a complex and immature area, but we want to help and influence companies to raise the bar in the area of biodiversity to take care of our customers' investments and nature.

"We need more knowledge about the companies' work with biodiversity and can use it as a springboard to get them started on setting targets and implementing initiatives that can reduce their negative impact on marine and forest areas.

“Companies must rethink how they use nature's resources, because they will not be able to do business without nature. Therefore, it is necessary that they become better at looking after it, as this will be able to future-proof the company and the value of our investments as well as slow down the loss of biodiversity.”

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