Biodiversity and Open Innovation

By • on August 30, 2022

The PNB Paribas website reported that the Taskforce on Nature-related Financial Disclosures released the first beta version of its nature-related risk management and disclosures framework. With half of the world’s GDP moderately or highly dependent on nature and its services, financial institutions and businesses can no longer afford to overlook nature in strategy, risk management and capital allocation decision making. Dependencies and impacts on nature are posing risks to businesses, investors, and lenders, but are also opening new business opportunities to contribute to nature-positive outcomes. The taskforce uses an open innovation approach to move towards the preservation of biodiversity and shifting the global economy in the direction of more nature-positive impacts.

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