Areti Bank, is proud to announce its membership in the Partnership for Biodiversity Accounting Financials (PBAF). This strategic collaboration demonstrates Areti Bank’s commitment to integrating biodiversity considerations into its financial decision-making and promoting sustainable practices within the banking sector.
PBAF is a global initiative that brings together financial institutions and stakeholders to develop and implement a standardized framework for biodiversity measurement and reporting. By joining this esteemed partnership, Areti Bank aims to contribute to the conservation and preservation of biodiversity, recognizing its crucial role in achieving a sustainable and resilient future.
Areti Bank’s Chief Sustainability Officer, Yasmina Vucina, expressed enthusiasm about the bank’s involvement in PBAF, stating, “Joining the Partnership for Biodiversity Accounting Financials is a significant step in our sustainability journey. Biodiversity loss is one of the most pressing environmental challenges we face today, and as a responsible financial institution, we have a duty to address it. By collaborating with PBAF, we will enhance our understanding of biodiversity impacts and integrate them into our decision-making processes, thereby ensuring that our investments contribute to a thriving natural world.”
Through its membership in PBAF, Areti Bank will actively engage in the development of biodiversity metrics, methodologies, and reporting standards. By incorporating biodiversity considerations into its risk assessment and due diligence processes, the bank aims to align its investments and financing activities with biodiversity conservation and ecosystem preservation goals.
Areti Bank recognizes the interconnectedness between biodiversity, climate change, and sustainable development. By joining forces with PBAF, the bank strengthens its commitment to the United Nations Sustainable Development Goals, particularly Goal 15: Life on Land, and contributes to the global effort to halt biodiversity loss and restore ecosystems.
As part of its broader sustainability strategy, Areti Bank is dedicated to driving positive change through responsible and impactful practices. The bank continues to explore partnerships and initiatives that advance its mission of delivering financial solutions that are both environmentally sustainable and socially responsible.
For more information about PBAF: https://pbafglobal.com