Set by a group of 11 firms in the Good Food Finance Network, including Nuveen Natural Capital and Mexican development lender FIRA, the new goals cover objectives such as stopping deforestation and expanding the use of agroforestry.
Ahead of the COP27 global climate talks in Egypt in November, investors are increasingly focusing on links between a healthy food system and efforts to fight global warming and preserve biodiversity. Among the group’s targets, which cover a collective $113 billion in assets, Rabobank said it would aim to lock away 150 million tonnes of carbon emissions per year across its agricultural holdings by 2030.
The Global Environment Facility, a multilateral funder of biodiversity protection, said among its targets it would aim to restore 420 000 hectares of degraded land, and improve land management practices across more than 20 million hectares.