Spring is a PRI stewardship initiative for nature, addressing the systemic risks of biodiversity loss to protect the long-term interests of investors.

bird sitting on tree

List of focus companies

The Spring Investor Working Group will engage with 60 focus companies. Additional companies may be included in the initiative over time. The list of engagement groups with available roles will be kept up-to-date on this page and candidates are invited to complete this form on the Join Spring page

Company selection methodology

Spring’s company selection methodology aimed to identify the companies that exert influence in policy arenas that affect forest loss and land degradation in priority geographies.

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.

Company engagement groups

This list reflects the participants, lead and collaborating investors, engaging with PRI’s Spring focus companies, as of 4 December 2024. For engagement groups open to applications, please consult the application form in the join Spring page for additional information about the open positions (Lead investor only, Collaborating investor only, or both). Companies are listed in alphabetical order.

Company engagement group
Country
Sector
Lead investor(s)
Collaborating investor(s)
Company engagement group status
AAK AB
Sweden
Ag, food, consumer goods
  • Lannebo
  • Church of Sweden
  • Fondita Fund Management Company Ltd
  • Länsförsäkringar AB
Ongoing
AB Volvo
Sweden
Automotive
  • AP2 (Andra AP-fonden)
  • Lannebo
  • Church of Sweden
  • Ecofi
  • Länsförsäkringar AB
  • Multiples Alternate Asset Management Private Limited
Ongoing
AngloGold Ashanti plc
South Africa
Mining/refining
  • KLP
  • Ixios Asset Management
  • Dom Finance
  • Finaltis
  • Allianz Investment Management SE
Ongoing
Archer-Daniels-Midland Company
United States
Ag, food, consumer goods
  • Cardano
  • Green Century Capital Management
  • Eastspring Investments Group Private Limited
  • Man Group
  • Manulife Investment Management
  • Pendal (Regnan)1
  • UBS Asset Management
Ongoing
Atacadão S.A
Brazil
Ag, food, consumer goods
  • BB Asset
  • Bradesco Asset Management
  • EFGAM
  • SulAmérica Investimentos
Ongoing
Banco Bradesco
Brazil
Finance
  • JGP
  • APG Asset Management BV
  • EQ Investors
  • Unigestion
  • Vontobel Holding AG
Ongoing
Banco BTG Pactual SA
Brazil
Finance
  • Robeco
  • SulAmérica Investimentos
  • JGP
Ongoing
Banco do Brasil SA
Brazil
Finance
  • fama re.capital
  • Sumitomo Mitsui Trust Asset Management
  • Storebrand
Ongoing
BASF SE
Germany
Chemicals/pesticides
  • Osmosis Investment Management
  • Caisse de dépôt et placement du Québec (CDPQ)
  • Eastspring Investments Group Private Limited
  • IQEQ Fund Management (Ireland) Ltd
  • Sumitomo Mitsui Trust Asset Management
Ongoing
Bayer
Germany
Chemicals/pesticides
  • Erste Asset Management GmbH
  • Osmosis Investment Management
  • Eastspring Investments Group Private Limited
  • CaixaBank Asset Management
  • Sumitomo Mitsui Trust Asset Management
Ongoing
BHP Group Limited
Australia
Mining/refining
  • Aware Super
  • UBS Asset Management
  • Milford Asset Management
  • Quilter plc (Quilter Cheviot)1
  • Bentham Asset Management
  • EFGAM
Ongoing
BMW
Germany
Automotive
  • Raiffeisen Capital Management
  • Kathrein Capital Management GmbH
  • APG Asset Management BV
  • BPI Gestão de Ativos
  • EOS at Federated Hermes Limited
  • Scottish Widows
Ongoing
Brasil Foods SA (BRF)
Brazil
Ag, food, consumer goods
  • JGP
  • BB Asset
  • Bradesco Asset Management
  • Polunin Capital Partners Ltd
  • SulAmérica Investimentos
  • SEB Asset Management
Ongoing
Bridgestone
Japan
Tires
  • GAM Investments
  • UN Pension Funds
Ongoing
Bunge
United States
Ag, food, consumer goods
  • Eastspring Investments Group Private Limited
  • Green Century Capital Management
  • Caisse de dépôt et placement du Québec (CDPQ)
  • BMO Global Asset Management
  • MFS Investment Management
  • Sumitomo Mitsui Trust Asset Management
  • UBS Asset Management
Ongoing
BYD
China
Automotive
  • M&G Investments
  • KLP
  • E Fund Management Co., Ltd
  • Pendal (Regnan)1
  • Sumitomo Mitsui Trust Asset Management
  • GAM Investments
Ongoing
Carrefour
France
Ag, food, consumer goods
  • Ofi Invest Asset Management
  • PRO BTP Finance
  • Mirabaud Asset Management
  • Phitrust
  • Sienna Investment Managers
Ongoing
Cencosud
Chile
Ag, food, consumer goods
  • Morningstar Sustainalytics
  • Polunin Capital Partners Ltd
On hold - open to applications
China Mengniu Dairy
China
Ag, food, consumer goods
  • EOS at Federated Hermes Limited
  • Trinetra Investment Management LLP
  • Sumitomo Mitsui Trust Asset Management
  • PensionDanmark
Ongoing
Clariant AG
Switzerland
Chemicals/pesticides
  • Ethos Foundation
  • Luzerner Kantonalbank AG
  • Clear Skies Investment Management
Ongoing
Contemporary Amperex Technology Co. Limited (CATL)
China
Mining/refining
  • Robeco
  • APG Asset Management BV
  • E Fund Management Co., Ltd
  • Gopher Asset Management
  • Polar Capital
  • Trinetra Investment Management LLP
Ongoing
Continental
Germany
Tires
On hold - open to applications
Eramet
France
Mining/refining
On hold - open to applications
Ford Motor Company
United States
Automotive
  • UN Pension Funds
On hold - open to applications
Fuji Oil Holdings
Japan
Ag, food, consumer goods
  • Nomura Asset Management Co., Ltd.
On hold - open to applications
Gerdau S.A.
Brazil
Mining/refining
  • UBS Asset Management
  • Bradesco Asset Management
  • BB Asset
  • Caisse de dépôt et placement du Québec (CDPQ)
Ongoing
Golden Agri-Resources (GAR)
Indonesia
Ag, food, consumer goods
  • Eastspring Investments Group Private Limited
  • Sumitomo Mitsui Trust Asset Management
  • Dom Finance
  • Morningstar Sustainalytics
Ongoing
Goodyear
United States
Tires
  • Baloise Asset Management
On hold - open to applications
Grupo Pao de Açucar (GPA)
Brazil
Ag, food, consumer goods
  • BB Asset
  • Bradesco Asset Management
  • SulAmérica Investimentos
Ongoing
Hankook Tire & Technology
South Korea
Tires
  • Polunin Capital Partners Ltd
Ongoing
Henkel AG & Co. KGaA (Henkel)
Germany
Ag, food, consumer goods
  • EQ Investors
  • Allianz Global Investors
On hold - open to applications
Itau Unibanco
Brazil
Finance
  • Fundação Petrobras de Seguridade Social - Petros
  • APG Asset Management BV
  • JGP
  • Mirabaud Asset Management
  • SulAmérica Investimentos
Ongoing
J Sainsbury's
United Kingdom
Ag, food, consumer goods
On hold - open to applications
Jardine Matheson
Singapore
Ag, food, consumer goods
  • Eastspring Investments Group Private Limited
  • Sumitomo Mitsui Trust Asset Management
  • Ethos Foundation
  • Allianz Global Investors
  • Resona Asset Management Co., Ltd.
Ongoing
JDE Peet's N.V.
Netherlands
Ag, food, consumer goods
  • Marshall Wace LLP
  • Ecofi
  • IQEQ Fund Management (Ireland) Ltd
  • Pensioenfonds Rail & Openbaar Vervoer
Ongoing
Jerónimo Martins
Portugal
Ag, food, consumer goods
  • Robeco
  • Caixa Gestão de Atiyos
Ongoing
Kinross Gold Corporation
Canada
Mining/refining
  • Osmosis Investment Management
  • Christian Brothers Investment Services
  • APG Asset Management BV
  • Cardano
  • Polunin Capital Partners Ltd
  • Ixios Asset Management
Ongoing
Koninklijke Ahold Delhaize N.V.
Netherlands
Ag, food, consumer goods
  • PRO BTP Finance
On hold - open to applications
L'Oreal S.A.
France
Ag, food, consumer goods
  • CCLA Investment Management
  • Dorval Asset Management
  • Ecofi
  • Green Century Capital Management
  • Scottish Widows
  • Unigestion
  • VidaCaixa
  • Vontobel Holding AG
Ongoing
Manufacture Française des Pneumatiques Michelin
France
Tires
  • Sienna Investment Managers
  • Ofi Invest Asset Management
On hold - open to applications
Marfrig Global Foods SA
Brazil
Ag, food, consumer goods
  • fama re.capital
  • Ashmore Group
  • JGP
  • BB Asset
  • Bradesco Asset Management
Full
Mercedes-Benz Group AG
Germany
Automotive
  • EOS at Federated Hermes Limited
  • Dom Finance
  • Dorval Asset Management
  • Ecofi
Ongoing
Metro AG
Germany
Ag, food, consumer goods
On hold - open to applications
Minerva SA
Brazil
Ag, food, consumer goods
  • Allianz Investment Management SE
  • JGP
  • BB Asset
  • Bradesco Asset Management
Ongoing
Neste Oyj
Finland
Oil & Gas
  • Pensioenfonds Rail & Openbaar Vervoer
  • Aktia Bank
  • Ecofi
  • Fulcrum Asset Management
  • LocalTapiola Asset Management Ltd
Ongoing
Nickel Industries
Australia
Mining/refining
On hold - open to applications
Nissan Motor
Japan
Automotive
  • Nomura Asset Management Co., Ltd.
Ongoing
Norsk Hydro ASA
Norway
Mining/refining
  • Storebrand
  • ESG Portfolio Management GmbH
  • Etica Sgr S.p.A.
  • Fulcrum Asset Management
  • Christian Brothers Investment Services
Ongoing
Olam Group
Singapore
Ag, food, consumer goods
On hold - open to applications
Pirelli
Italy
Tires
  • Etica Sgr S.p.A.
Ongoing
PT Adaro Energy Tbk
Indonesia
Mining/refining
  • Ashmore Group
On hold - open to applications
PT Aneka Tambang Tbk. (ANTAM)
Indonesia
Mining/refining
  • Sumitomo Mitsui Trust Asset Management
On hold - open to applications
PT Bumi Resources Tbk
Indonesia
Mining/refining
  • Sumitomo Mitsui Trust Asset Management
On hold - open to applications
Reckitt Benckiser Group plc (Reckitt)
United Kingdom
Ag, food, consumer goods
  • Scottish Widows
  • EQ Investors
  • Quilter plc (Quilter Cheviot)
  • Unigestion
Ongoing
Santander Group
Spain
Finance
  • PensionDanmark
  • APG Asset Management BV
  • Ecofi
  • Etica Sgr S.p.A.
  • Multiples Alternate Asset Management Private Limited
Ongoing
Sodexo
France
Ag, food, consumer goods
On hold - open to applications
South32
Australia
Mining/refining
  • Pendal (Regnan)1
  • Devon Funds Management
  • Eastspring Investments Group Private Limited
  • Equity Trustees
  • KLP
  • Manulife Investment Management
  • Osmosis Investment Management
Ongoing
Tesco
United Kingdom
Ag, food, consumer goods
  • Mirabaud Asset Management
  • EFGAM
  • Resona Asset Management Co., Ltd.
On hold - open to applications
Toyota
Japan
Automotive
  • Nomura Asset Management Co., Ltd.
  • Church of Sweden
  • Ecofi
  • Pendal (Regnan)1
  • Unigestion
Ongoing
Volkswagen AG
Germany
Automotive
  • EOS at Federated Hermes Limited
    • Church of Sweden
    • Dom Finance
    • KLP
    • CaixaBank Asset Management
    • Resona Asset Management
Ongoing

1The signatory is an endorser. Only the subsidiary in brackets is engaging as a participant investor within the initiative.

Please note that this is not necessarily a full list and, in some cases, names may not be displayed. These lists are updated on a quarterly basis and may not include newer members of the group and/or any other recent changes. Investors can engage with companies as potential or current holders; participating in a company engagement does not indicate being invested in that company.