Biodiversity as a Material Financial Risk: What Board Directors Need to Know
- Mar 6, 2023
- 1 min read
Biodiversity - the variability among living organisms – is being lost at a rate 100 to 1,000 times higher than that of the past million years. This poses significant risk to economic activities and financial assets, which depend on biodiversity.
This update highlights the material financial risks and opportunities, and directors’ duties of loyalty and care, related to biodiversity loss. It also provides key questions board directors should ask in the boardroom to engage with management and ensure they are meeting their duties to the company.
Produced by the Climate Governance Initiative and the Commonwealth Climate and Law Initiative (CCLI)
