The European Commission’s High-Level Expert Group (HLEG) on Sustainable Finance Final Report (2018) (1) outlines the urgent need to identify opportunities promoting sustainability in European finance. This means finance in alignment with the Paris Agreement (2015) (2) and the Sustainable Development Goals (SDGs) (3).
In alignment with HLEG’s recommendations, Dasos Capital will implement the Climate Resilience Strategy, Threatened Species Policy and pilot SDG reporting in 2019.
By reporting on our natural capital impacts and contributions to the SDGs, Dasos Capital is confirming to sustainable development as part of the decision-making. Starting with a materiality assessment and a bespoke reporting framework, closely aligned with the Global Impact Investment Network’s IRIS catalogue of indicators (4), we are demonstrating how our sustainable investments in forest contribute towards a more sustainable European financial system. Our pilot reporting scope includes our Finnish and Estonian assets as the first step towards coverage of all our assets.
Our SDG reporting approach draws on the Finance Sector Supplement to the Natural Capital Protocol (5), as HLEG recommends, to quantify, report and manage the forest natural capital risks and opportunities that are impacted by our management decisions. The Natural Capital at Risk (2013) (6) study outlines how primary production sectors, such as forestry, have an important role to address greenhouse gas emissions and ecosystem resilience and stability.
Our SDG reporting pilot encompasses the interrelated climate change and biodiversity impacts through ten initial indicators. The indicators cover six SDGs from #7 (Affordable and Clean Energy) to #8 (Decent Work and Economic Growth) and #15 (Life on Land). Two indicators relate to the development of a Climate Resilience Strategy and a Threatened Species Policy as part of an enhanced Investment Policy. As European reporting and investment guidelines develop, we will continue to expand and improve our approach taking into account sustainable financial sector guidance.
For further information please see
(1) https://ec.europa.eu/info/sites/info/files/180131-sustainable-finance-final-report_en.pdf
(2) https://www.un.org/sustainabledevelopment/sustainable-development-goals/
(3) https://unfccc.int/sites/default/files/english_paris_agreement.pdf
(4) https://iris.thegiin.org/
(5) http://www.naturalcapitalfinancealliance.org/finance-sector-supplement
(6) https://www.trucost.com/publication/natural-capital-risk-top-100-externalities-business/
For further information please contact: Olli Haltia, tel. +358 40 901 0338
