1、Business&Biodiversity BenchmarkA comparative study of thirty European stock-listed companies In partnership with:PwC NetherlandsProject leadsManon Koelewijn-Timmerman and Freek van Til(VBDO)Thijs IJsbrandij(PwC)Input and support fromAnglique Laskewitz,Anouk Zwarts and Ivo Smeets(VBDO)Alexander Spek,
2、Anna Rosa Juurlink and Elise Vens(PwC)For more information Please contact Dutch Association of Investors for Sustainable Development(VBDO),Utrecht,the Netherlands Copyright This VBDO publication is protected by copyright laws.No part of this publication may be reproduced,distributed,or transmitted i
3、n any form or by any means,including copying and/or publishing(parts of)this publication,without the prior written permission of VBDO.If you would like to ask VBDO for such permission,please email:infovbdo.nlUtrecht,The NetherlandsNovember 2025Table of contentsAbout VBDO 4Preface 6Foreword 8Executiv
4、e summary 10Company ranking 2025 131.Introduction 14 The business case for biodiversity:from moral imperative to strategic asset 172.Category guidelines and results 182.1 Strategy and business model 182.2 Policy 26Looking for a new symbiosis with nature:Candriams approach to biodiversity risks 322.3
5、 Actions and implementation 342.4 Targets and metrics 403.Recommendations 44Appendix 1:Benchmark methodology 46Appendix 2:European legislation and biodiversity frameworks 47Appendix 3:Drivers of biodiversity loss 48Sources 5023Business&Biodiversity BenchmarkA comparative study of thirty European sto
6、ck-listed companies A COMPARATIVE STUDY OF THIRTY EUROPEAN STOCK-LISTED COMPANIES BUSINESS&BIODIVERSITY BENCHMARKA COMPARATIVE STUDY OF THIRTY EUROPEAN STOCK-LISTED COMPANIES BUSINESS&BIODIVERSITY BENCHMARKAbout VBDOVBDO stands for Vereniging van Beleggers voor Duurzame Ontwikkeling,which translates