The battle for biodiversity – understanding the value of nature
Climate resilienceVideoNovember 16, 20212 min read
Companies must mitigate the short-term risks associated with the loss of biodiversity while planning for longer-term opportunities created by helping to regenerate nature.
Today, 83 per cent of all wild mammals, and half of all plants, have been lost. The cause? Human activity.
People, and the companies that they form, rely on biodiversity. It is the basis of our food systems, helps stabilize ecosystems, and is the source of our raw materials and medicines.
The continued destruction of biodiversity will impact bottom lines, whether it be through reduced food supplies, the disruption of commodity supply chains, or via economic losses stemming from natural hazards. The resulting rise in environmental risk will mean that companies have to review their insurance cover, and likely take out multi-hazard coverage to speed recovery following a disaster.
Companies and regulators must take positive steps to build resilience to risks associated with biodiversity loss – but also to seize the multiple longer-term opportunities that exist in helping to rebuild biodiversity.
