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Biodiversity and Nature’s Role in ESG Evolution
As the ESG movement gains momentum, biodiversity often remains overshadowed by climate initiatives. This interview highlights the importance of integrating biodiversity into ESG strategies, the challenge of managing competing environmental goals, and the vital role that data and collaboration will play in overcoming these challenges.
Sep 18, 2024
Julius Herfel
Julius Herfel, Head of Audit, International Regulatory & Second Line, BNY Mellon
  • Biodiversity and nature are emerging as critical focuses in the ESG landscape, yet public awareness and action in these areas lag behind climate issues.

  • Financial institutions must integrate biodiversity and nature-positive investments into their ESG frameworks, which may require balancing trade-offs across multiple environmental goals.

  • Data collection and integration remain a major challenge in ESG efforts, particularly in sourcing and utilizing biodiversity data within financial systems.

  • Industry events like the CeFPro ESG conference provide invaluable opportunities for financial professionals to share experiences and stay informed on best practices as the ESG field rapidly evolves.

Julius Herfel Bio

Julius is Head of Audit at the Bank of New York Mellon (BNY Mellon) in London and in that role responsible for covering Risk Management, Compliance, Treasury, Capital Adequacy and Finance in the EMEA region, and Client Asset Safety globally. Before joining BNY Mellon in 2015 he worked at PwC in Luxembourg as Risk and Regulatory Consultant, specialised in Prudential Risk/ Basel III. Julius has a Master in Economics and Political Sciences, and holds both the Financial Risk Manager (FRM) as well as the Sustainability and Climate Risk (SCR) Certificate.

Julius Herfel