Sustainable Biz Magazine A4 March 2023 - Flipbook - Page 8
New research will integrate
biodiversity and finance
A
total of 12 projects have
been launched to explore
the gaps and improve
integration between the
financial system and biodiversity.
The new projects are part of the first
phase of the ‘integrating biodiversity
into finance: building a naturepositive future’ initiative and will start
this year.
The longer-term aim is to build a
multi-stakeholder community that can
drive the development of knowledge,
tools and a skilled community to
incorporate reporting biodiversity for
all business sectors.
Embedding biodiversity into finance
The purpose is to foster a holistic
approach to develop the solutions
needed to embed the values of
biodiversity into finance.
The phase 1 awards will seed
partnerships and co-design from the
outset, bringing together researchers
8
and experts from the finance and
business sectors.
Addressing knowledge gaps:
The finance system has a key role
in shaping how the global economy
responds to the intertwined
challenges of biodiversity loss and
climate change.
The recent Nature of Business UK
survey found the majority of business
leaders want to take steps to tackle
biodiversity loss, but progress has
been slow for a number of reasons.
The finance sector and businesses
want better information and
‘decision grade’ data to help them
incorporate biodiversity-related risks
and opportunities into their strategic
planning, risk management and
investment decisions.
They also want to understand how
biodiversity contributes to and is
impacted by activities including along
global supply chains.
S USTA I N A B L E B I Z M AG AZ I N E
FEBRUARY 2023
“This new investment
adds to NERC’s growing
‘Green Finance’ portfolio.
It will bring together a
community of researchers
and experts from across
disciplines to help the
finance sector be part
of the recovery and
restoration of our natural
environment”
Tackling biodiversity loss:
These phase 1 projects involve
academic institutions working in
partnership with a wide range
of financial sector and business
partners.