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
  • Caisse de dépôt et placement du Québec (CDPQ)
  • 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
  • Neo Investimentos
  • 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
  • Neo Investimentos
  • Robeco
  • SulAmérica Investimentos
  • JGP
Ongoing
Banco do Brasil SA
Brazil
Finance
  • fama re.capital
  • 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
Ongoing
BMW
Germany
Automotive
  • Raiffeisen Capital Management
  • Kathrein Capital Management GmbH
  • APG Asset Management BV
  • BPI Gestão de Ativos
  • EOS at Federated Hermes
  • Scottish Widows
Ongoing
Brasil Foods SA (BRF)
Brazil
Ag, food, consumer goods
  • JGP
  • BB Asset
  • Bradesco Asset Management
  • Polunin Capital Partners Ltd
  • SulAmérica Investimentos
Ongoing
Bridgestone
Japan
Tires
On hold
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
    Ongoing
    Carrefour
    France
    Ag, food, consumer goods
    • Ofi Invest Asset Management
  • PRO BTP Finance
  • Mirabaud Asset Management
  • Phitrust
  • Ongoing
    Cencosud
    Chile
    Ag, food, consumer goods
    • Morningstar Sustainalytics
    • Polunin Capital Partners Ltd
    On hold
    China Mengniu Dairy
    China
    Ag, food, consumer goods
    • EOS at Federated Hermes
    • Trinetra Investment Management LLP
    • Sumitomo Mitsui Trust Asset Management
    • PensionDanmark
    Ongoing
    Clariant AG
    Switzerland
    Chemicals/pesticides
    • Ethos Foundation
    • Luzerner Kantonalbank AG
    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
    Eramet
    France
    Mining/refining
    On hold
    Ford Motor Company
    United States
    Automotive
    On hold
    Fuji Oil Holdings
    Japan
    Ag, food, consumer goods
  • Nomura Asset Management Co., Ltd.
  • On hold
    Gerdau S.A.
    Brazil
    Mining/refining
  • UBS Asset Management
  • Bradesco Asset Management
  • 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
    On hold
    Grupo Pao de Açucar (GPA)
    Brazil
    Ag, food, consumer goods
    • Bradesco Asset Management
    • SulAmérica Investimentos
    On hold
    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
    Itau Unibanco
    Brazil
    Finance
    • Fundação Petrobras de Seguridade Social - Petros
    • APG Asset Management BV
    • JGP
    • Mirabaud Asset Management
    • SulAmérica Investimentos
    Ongoing
    J Sainsbury's
    UK
    Ag, food, consumer goods
    On hold
    Jardine Matheson
    Singapore
    Ag, food, consumer goods
    • Eastspring Investments Group Private Limited
    • Sumitomo Mitsui Trust Asset Management
    • Ethos Foundation
    • Allianz Global Investors
    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
    Ongoing
    Kinross Gold Corporation
    United States
    Mining/refining
    • Osmosis Investment Management
    • 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
    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
    Marfrig Global Foods SA
    Brazil
    Ag, food, consumer goods
    • fama re.capital
    • Ashmore Group
    • JGP
    • BB Asset
    • Bradesco Asset Management
    Ongoing
    Mercedes-Benz Group AG
    Germany
    Automotive
    • EOS at Federated Hermes
    • Dom Finance
    • Dorval Asset Management
    • Ecofi
    Ongoing
    Metro AG
    Germany
    Ag, food, consumer goods
    On hold
    Minerva SA
    Brazil
    Ag, food, consumer goods
    • Allianz Investment Management SE
    • JGP
    • BB Asset
    • Bradesco Asset Management
    • Neo Investimentos
    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
    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
    Ongoing
    Olam Group
    Singapore
    Ag, food, consumer goods
    On hold
    Pirelli
    Italy
    Tires
    • Etica Sgr S.p.A.
    Ongoing
    PT Adaro Energy Tbk
    Indonesia
    Mining/refining
    • Ashmore Group
    On hold
    PT Aneka Tambang Tbk. (ANTAM)
    Indonesia
    Mining/refining
    • Sumitomo Mitsui Trust Asset Management
    On hold
    PT Bumi Resources Tbk
    Indonesia
    Mining/refining
    • Sumitomo Mitsui Trust Asset Management
    On hold
    Reckitt Benckiser Group plc (Reckitt)
    UK
    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
    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
    UK
    Ag, food, consumer goods
    • Mirabaud Asset Management
    On hold
    Toyota
    Japan
    Automotive
    • Nomura Asset Management Co., Ltd.
    • Church of Sweden
    • Ecofi
    • Pendal (Regnan)1
    • Unigestion
    Ongoing
    Volkswagen AG
    Germany
    Automotive
      • BPI Gestão de Ativos
      • Church of Sweden
      • Dom Finance
      • KLP
      • CaixaBank Asset Management
      • EOS at Federated Hermes
    On hold

    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.