Strategic Focus: Navigating Nature-Related Risks

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Executive Summary

Rapid biodiversity loss threatens business around the world. The World Economic Forum recently estimated that $44 trillion in economic value generation is at risk through the dependence of business on nature and related services. COP15 last year added momentum to the work of the Taskforce on Nature-related Financial Disclosures (TNFD), and firms, investors and customers are increasingly recognizing the importance of assessing biodiversity risks, impacts and opportunities. This report breaks down the ways in which different industries and businesses will be affected by biodiversity loss and damage to natural capital, and explains which areas firms will need to tackle to make TNFD-aligned disclosures and build a biodiversity game plan. Chief sustainability officers and global heads of net zero and climate risk can use this report to understand their exposure to biodiversity and nature-related risks, as well as their options for addressing these. 

Table of contents

Firms Must Address Biodiversity Risks Or Face Supply Chain Chaos
TNFD-Aligned Disclosures Will Mirror The TCFD And Force Action
Reduce Biodiversity Risks In Line With Your Firm’s Exposure

Table of figures

Figure 1. Definitions Of Key Nature-Related Terms
Figure 2. Climate Change, Biodiversity Loss And Business Are Dynamically Interlinked 
Figure 3. The TNFD Beta Framework Version 3 Has A Wider Scope Than The TCFD
Figure 4. The LEAP Approach Provides Guidance For Firms Who Don’t Know Where To Start
Figure 5. Biodiversity Impact Assessment Approaches And Example Solution Providers
Figure 6. Organizations Should Take Targeted Actions Depending On Their Exposure

About the authors

Alice Saunders

Industry Analyst

Alice is an Industry Analyst in the Verdantix Net Zero & Climate Risk Practice. Prior to joining Verdantix she completed a Master's degree in Nature, Society and Environmental Governance at the University of Oxford, earning a distinction. Her thesis project focused on species redistribution due to climate change and woodland ecosystems. Alice also holds a BA in English Literature from the University of Warwick.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan leads the Verdantix Net Zero & Climate Risk research practice. The team’s current research focus encompasses net zero drivers and strategies, and climate risk, emissions reduction, and carbon management technologies. Ryan has 10 years of experience in the research business, previously working at Forrester, where he led research on ESG. Ryan speaks English natively, Norwegian, and French conversationally. He holds a BA from Duke University. 

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