Biodiversity Loss: An Introduction for Risk Professionals

In recent years, biodiversity loss has gained increasing focus as an urgent and systemic environmental risk for its impact on global food security, public health, and the resilience of natural life. In this new report, GARP Risk Institute examines the nature of biodiversity loss, its strong connection with climate change, and what it means for today's risk professionals.

Key Questions Answered:

• What is biodiversity and why does it matter?
• How are financial firms considering environmental risks beyond climate change?
• What are the financial risks of biodiversity loss?
• Why has biodiversity attracted less attention than climate change?
• What are the measurement and disclosure frameworks for biodiversity?

About the authors

Jo Paisley, President, GARP Risk Institute, has worked on a variety of risk areas at GARP Risk Institute, including stress testing, operational resilience, model risk management, and climate risk. Her career prior to joining GARP spanned public and private sectors, including working as the Director of the Supervisory Risk Specialist Division within the Prudential Regulation Authority and as Global Head of Stress Testing at HSBC.

Maxine Nelson, Senior Vice President, GARP Risk Institute, currently focuses on climate risk management. She has extensive experience in risk, capital, and regulations gained from a wide variety of roles across firms including Head of Capital Planning at HSBC. She also previously worked at the UK Financial Services Authority, where she was responsible for counterparty credit risk during the last financial crisis.