Pictet Asset Management has been selected as a founding ‘impact partner’ of the new four-year Biodiversity Finance (BIOFIN) research programme, which aims to help the financial industry develop strategies to protect natural capital and reduce biodiversity loss. It will receive €5 million in funding from the Swedish Foundation for Strategic Environmental Research, Mistra, and work alongside organisations such as the UN-convened Principles for Responsible Investment and Stanford University. In its role as an impact partner, Pictet will provide investment expertise and contribute to research about how to introduce nature-positive changes in the financial system. Sebastien Eisinger, Managing Partner at Pictet Group, said: “Creating a sustainable world requires transformative change and finance is a key part of that change. To the transformation of finance, we plan to work to ensure that the mainstream of finance better addresses the complexity of the living, while also exploring the margins of finance to identify alternative ways of connecting finance and the living world.”
