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Nagoya 2010: Hardwiring Biodiversity and Ecosystem Services into Finance

Nagoya – From banks to insurance companies, some key financial institutions are beginning to recognize rising risks to investments from biodiversity and ecosystems loss. Over the past 12 months, the likelihood that declines in biodiversity will have a ‘severe’, US $ 10 billion to US $ 50 billion impact on business has also climbed sharply. According to one new survey, this risk is now higher than that from international terrorism and almost on a par with extreme weather events.

These are some of the findings from a new CEO Briefing by theUnited Nations Environment Programme (UNEP), entitled,“Demystifying Materiality: Hardwiring Biodiversity and Ecosystem Services into Finance”, launched Wednesday at the UN biological diversity convention meeting in Nagoya, Japan.

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