Spring is a PRI stewardship initiative for nature, convening investors to use their influence to halt and reverse global biodiversity loss by 2030

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List of focus companies

Once Investor Working Group participants are recruited, they will initially engage with 40 companies. Additional companies for engagement will be released later in 2024.

Company name
Country/region of primary issuance
AAK AB
Sweden
AB Volvo
Sweden
AngloGold Ashanti plc
South Africa
Archer-Daniels-Midland Company
US
Atacadão S.A
Brazil
Banco Bradesco
Brazil
Banco BTG Pactual SA
Brazil
Banco do Brasil SA
Brazil
BASF DE
Germany
Bayer
Germany
BMW
Germany
Brasil Foods SA (BRF)
Brazil
Bunge
US
BYD
China
Cencosud
Chile
China Mengniu Dairy
Hong Kong S.A.R.
Clariant AG
Switzerland
Contemporary Amperex Technology Co. Limited (CATL)
China
Golden Agri-Resources (GAR)
Singapore
Grupo Pao de Açucar (GPA)
Brazil
Henkel AG & Co. KGaA (Henkel)
Germany
Itau Unibanco
Brazil
Jardine Matheson
Singapore
JDE Peet's N.V.
Netherlands
Kinross Gold Corporation
US
L'Oreal S.A.
France
Marfrig Global Foods SA
Brazil
Mercedes-Benz Group AG
Germany
Minerva SA
Brazil
Neste Oyj
Finland
Nissan Motor
Japan
Norsk Hydro ASA
Norway
PT Adaro Energy Tbk
Indonesia
PT Aneka Tambang Tbk. (ANTAM)
Indonesia
PT Bumi Resources Tbk
Indonesia
Reckitt Benckiser Group plc (Reckitt)
UK
Santander Group
Spain
South32
Australia
Toyota
Japan
Volkswagen AG
Germany

Company selection methodology

Focus companies were selected using a three-step process which involved:

  1. Selecting priority geographies based on priority regions for avoided deforestation and active or emerging deforestation fronts;
  2. Identifying policy arenas (regional, national and international) that shape deforestation drivers;
  3. Selecting focus companies based on their level of influence in the selected policy arenas.