More than half of the global economy depends on the prosperity of the natural world.
From the water we drink, to the food we grow, and the resources we use in manufacturing, biodiversity and ecosystem services support our daily lives and many of our products and services. We would be in great danger without the nurture of Mother Nature.
Ecosystems constitute the abundance of natural capital that is needed to sustain communities and businesses. These ecosystem services encompass the provision of freshwater, food, fuel, and timber; protection from landslides and storm surges; taking in greenhouse gases and pollutants; as well as supporting culture and recreation.
Understanding the matter and impact of biodiversity and ecosystem decline is crucial to curtailing further damage. It also helps to make informed decisions that prioritise a more sustainable future.The fundamental step in preserving ecosystem services is the economic valuation of the services as well as the adoption of standardized frameworks for businesses to better identify, measure and value their impacts and dependencies on nature. Failure to ascribe the right value to natural capital would misguide the policy and society would be worse off as a result of the misallocation of resources.
How could business benefit from integrating impacts to nature into their risk assessment and disclose nature-related financial risks to build a more resilient business?
This webinar will shed some light on this and other related questions.
During the webinar, speakers/panelists will share their perspective on what ecological crisis means for business and how firms can transform their operations and strategies to act as catalysts for positive change.