7 October 2024 - Dr Nina Seega, Director of CISL's Centre for Sustainable Finance, spoke to attendees on a panel that discussed how businesses should respond effectively to ecological crises.
On a panel specifically looking at financial risks, Dr Seega spoke at The Royal Society's conference 'How does ecological risk relate to commercial risk?' in London last week. The discussion touched on the significant financial risks that arise from nature loss, and how failure to address these could lead to increased borrowing costs and higher insurance premiums.
Chaired by Pavan Sukhdev, CEO and Co-Founder, GIST IMPACT, Dr Seega joined fellow panelists Marc Reinke, Head of the Sustainable Finance Office, De Nederlandsche Bank (DNB), and co-chair of the Task-Force on Nature Related Risks, Network for Greening the Financial System (NGFS) Waseem Malik, Chief Claims Officer, Aviva shared perspectives from central banks, finance experts and insurers on these risks and discuss how businesses can respond effectively.
The conference convened key stakeholders from science, commodity supply chain businesses, and financial services to build on the findings of the Dasgupta Review and global initiatives such as the Global Biodiversity Framework, the Nature Positive Initiative, and the Taskforce on Nature-Related Financial Disclosures amongst others. A major focus was on the challenge of measuring nature and ensuring businesses have the information they need to develop and implement a strategy to both reduce their nature-related risks and make the most of investment opportunities.
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