Our key takeaway: Global biodiversity loss threatens a sixth mass extinction event. The first since the dinosaurs were wiped out 65 million years ago. Alarming? Yes. The data speaks for itself. A total of 42,100 known species are threatened with extinction. An even greater number are at risk. The average decline in monitored animal populations since 1970 is 69%. And an area twice the size of the US has been deforested by humans since the last ice age. We depend on biodiversity for our survival. Companies depend on biodiversity for their survival. The sectors that are under the spotlight are those that have large impacts and dependencies on nature: the food and agriculture and mining industries in particular. And their investors. In the words of UN secretary-general António Guterres: “Businesses and investors must be allies of nature, not enemies.” A new report by Responsible Investors provides a lay of the land of where we are on biodiversity: the landmark agreement of COP15 is now creating ripples through investors and companies. Investors are getting prepared to “transparently disclose their risks, dependencies and impacts on biodiversity.” Nature Action 100 (NA100) will soon release the companies it is scrutinizing and engaging with on this topic. The Taskforce for Nature- Related Financial Disclosures (TNFD) will launch its final recommendations after the summer. Biodiversity may be further behind on carbon on investor and company agendas, but it is rapidly being invited to the table in recognition of hte multi- faceted crisis we are facing.
Responsible Investor published Biodiversity Report 2023 (July 2023):