In a new Policy Paper, Rens van Tilburg, Dieuwertje Bosma and Aleksandar Simić provide an overview of the impact of the financial sector on biodiversity. The impact is still mostly negative. There are synergies with climate change, and much can be learned from how the financial sector has grown to integrate that topic.
The financial sector has a big impact biodiversity – positive, but still mostly negative. An integrated approach is needed with climate change, given the existing synergies and trade- offs. Private and public financial institutions need to recognize the double materiality dynamic and work together towards a more nature-positive and climate-neutral future. Supervisors, fiscal and monetary policymakers should act now and in accordance with the precautionary principle to avoid the worst effects of climate change and biodiversity loss.
Download the full report