ACTIAM has won the ‘ESG Engagement Initiative of the Year’ award for its satellite image-based engagement programme in the fight against deforestation supported by Satelligence. The engagement programme was set up aimed at addressing climate change and the loss of biodiversity and has been adopted by nine other financial institutions. This coalition combats deforestation within its investments and reduces the associated financial risks.
ACTIAM launched the engagement programme called ‘Satellite-based engagement towards zero deforestation’ in 2020 to support its ambition on land use: no more deforestation by 2030. The collaboration with the group of investors, which in addition to ACTIAM consists of Achmea Investment Management, Aegon Nederland, a.s.r. Asset Management, Aviva Investors, Fidelity International, Nomura Asset Management, Resona Asset Management, Robeco and Zwitserleven, focuses on companies that provide insufficient information about their suppliers and on companies that have been linked to deforestation in the palm oil sector in Malaysia. These cases were uncovered through satellite imagery and artificial intelligence provided by Satelligence.