How is your financial institution exposed to natural capital risk and how does business depend on nature?
What are the risk associated with disruption to a business or investment from an interruption to the flow of goods or services provided by nature?
The Natural Capital Finance Alliance (NCFA) discussed these two important questions in a recent webinar outlining the findings of the first phase of the Advancing Environmental Risk Management (AERM) project.
The NCFA has been working with UN Environment World Conservation Monitoring Centre (UNEP-WCMC) to develop data and a methodology which will enable financial institutions to better understand, assess, and integrate natural capital-related risks into their decision making.
The first phase of this project produced a comprehensive knowledge base detailing how businesses across 167 sectors depend on nature to enable their production processes, what the associated risks may be, and the data that can be used to qualify and quantify risk exposure at a global and national-level.
The webinar, hosted by the NCFA, heard from a range of experts and practitioners including;
Giorgio Capurri, Group Sustainability Manager, UniCredit;
Katie Leach, UNEP-WCMC Programme Officer, Business and Biodiversity Programme; and
Will Evison, Assistant Director, Sustainability and Climate Change, PwC
The webinar is available for you to view here: https://youtu.be/VMot0q-jhQs