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 57 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.

*The number was updated following the delisting of Atacadão S.A. and Metro AG, as well as the merger of Brasil Foods S.A. (BRF) and Marfrig Global Foods S.A. into MBRF.

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 20 November 2025. 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
  • 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
  • Manulife Investment Management
  • Pendal (Regnan)1
  • UBS Asset Management
Ongoing
Banco Bradesco
Brazil
Finance
  • Régia Capital
  • APG Asset Management BV
  • EQ Investors
  • Vontobel Holding AG
Ongoing
Banco BTG Pactual SA
Brazil
Finance
  • Robeco
  • Régia Capital
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 (La Caisse)
  • 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
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
Bridgestone
Japan
Tires
  • GAM Investments
  • United Nations Joint Staff Pension
  • PIRC
Ongoing
Bunge
United States
Ag, food, consumer goods
  • Eastspring Investments Group Private Limited
  • Green Century Capital Management
  • Caisse de dépôt et placement du Québec (La Caisse)
  • 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
  • CCB Principal Asset Management
  • Morgan Stanley Investment Management
Ongoing
Carrefour
France
Ag, food, consumer goods
  • Ofi Invest Asset Management
  • Groupama Asset Management
  • PRO BTP Finance
  • Mirabaud Asset Management
  • Phitrust
  • Sienna Investment Managers
Ongoing
Cencosud
Chile
Ag, food, consumer goods
  • Itau Asset Management
  • Morningstar Sustainalytics
Ongoing
China Mengniu Dairy
China
Ag, food, consumer goods
  • 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
  • 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
  • Christian Brothers Investment Services
  • United Nations Joint Staff Pension
Ongoing
Fuji Oil Holdings
Japan
Ag, food, consumer goods
  • Morningstar Sustainalytics
  • Nomura Asset Management Co., Ltd.
Ongoing
Gerdau S.A.
Brazil
Mining/refining
  • UBS Asset Management
  • Bradesco Asset Management
  • BB Asset
  • Caisse de dépôt et placement du Québec (La Caisse)
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
  • Itau Asset Management
Ongoing
Hankook Tire & Technology
South Korea
Tires
  • Polunin Capital Partners Ltd
  • PIRC
Ongoing
Henkel AG & Co. KGaA (Henkel)
Germany
Ag, food, consumer goods
  • ÖKOWORLD Lux S.A.
  • Allianz Global Investors
  • Kepler Unigestion
  • PIRC
Ongoing
Itau Unibanco
Brazil
Finance
  • Fundação Petrobras de Seguridade Social - Petros
  • Régia Capital
  • APG Asset Management BV
  • Mirabaud Asset Management
Ongoing
J Sainsbury's
United Kingdom
Ag, food, consumer goods
  • PIRC
  • Ongoing
    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
    • IQEQ Fund Management (Ireland) Ltd
    • Pensioenfonds Rail & Openbaar Vervoer
    Ongoing
    Jerónimo Martins
    Portugal
    Ag, food, consumer goods
    • Robeco
    • Caixa Gestão de Atiyos
    • LBP AM
    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
    • Assicurazioni Generali SpA
    • PRO BTP Finance
    • LBP AM
    • Ethias
    • Man Group
    Ongoing
    L'Oreal S.A.
    France
    Ag, food, consumer goods
    • CCLA Investment Management
    • Mirova
    • Dorval Asset Management
    • Ecofi
    • Scottish Widows
    • Kepler Unigestion
    • VidaCaixa
    • Vontobel Holding AG
    Ongoing
    Manufacture Française des Pneumatiques Michelin
    France
    Tires
  • Mirova
  • LBP AM
    • Sienna Investment Managers
    • Ofi Invest Asset Management
    Ongoing
    MBRF
    Brazil
    Ag, food, consumer goods
    • fama re.capital
    • Ashmore Group
    • BB Asset
    • Bradesco Asset Management
    • Polunin Capital Partners
    Ongoing
    Mercedes-Benz Group AG
    Germany
    Automotive
    • EOS at Federated Hermes Limited
    • Dom Finance
    • Dorval Asset Management
    • Ecofi
    • Assicurazioni Generali SpA
    Ongoing
    Minerva SA
    Brazil
    Ag, food, consumer goods
    • Allianz Investment Management SE
    • BB Asset
    • Bradesco Asset Management
    Ongoing
    Neste Oyj
    Finland
    Oil & Gas
    • Pensioenfonds Rail & Openbaar Vervoer
    • Aktia Bank
    • 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.
  • PIRC
  • 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
    • Manulife Investment Management
    Ongoing
    Pirelli
    Italy
    Tires
    • Etica Sgr S.p.A.
  • PIRC
  • LBP AM
  • 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)
    • Kepler Unigestion
    Ongoing
    Santander Group
    Spain
    Finance
    • PensionDanmark
    • APG Asset Management BV
    • Ecofi
    • Etica Sgr S.p.A.
    • Multiples Alternate Asset Management Private Limited
    • Régia Capital
    • Assicurazioni Generali SpA
    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
  • PIRC
  • Rathbones Group plc
    • Mirabaud Asset Management
    • EFGAM
    • Resona Asset Management Co., Ltd.
    Ongoing
    Toyota
    Japan
    Automotive
    • Nomura Asset Management Co., Ltd.
    • Church of Sweden
    • Ecofi
    • Pendal (Regnan)1
    Ongoing
    Volkswagen AG
    Germany
    Automotive
    • EOS at Federated Hermes Limited
      • Church of Sweden
      • Dom Finance
      • 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.