In its latest deal, unveiled Tuesday, Orix will pay Rabobank in cash and its own stock for a 90.01% stake of Robeco.

WSJ: Japan's Orix Buys Dutch Asset Manager

For asset managers such as Robeco, Lara Yacob explained that the materiality of biodiversity must focus on its role in maintaining shareholder value.

FORBES: Making biodiversity material for investors

The deal, which had been expected, will make the Tokyo-based company one of Japan's major asset managers and give it the opportunity to offer Robeco's financial products to Japanese customers in the future.

WSJ: Japan's Orix Buys Dutch Asset Manager