Home » Resource Database Paper Biodiversity and financial stability: building the case for actionView this Paper (Biodiversity and financial stability: building the case for action)(This link will take you to an external website) About this Paper NGFS-INSPIRE Study Group (August 2021) This report is the second output of the Joint NGFS-INSPIRE Study Group on Biodiversity and Financial Stability. The group was established to help central banks and financial supervisors fulfil their mandates in the face of financial risks stemming from biodiversity loss. These risks are growing, as biodiversity is declining at unprecedented rates in human history, with growing evidence that this could have significant economic and financial implications. The decline of ecosystem services as a result of biodiversity loss poses physical risks for economic and financial actors that depend upon those services. View this Paper (Biodiversity and financial stability: building the case for action)(This link will take you to an external website) Related resources Nature-related risks: early findings of the work of the NGFS Taskforce on Biodiversity Loss and Nature-Related Risks and next steps for central banks and supervisors (NGFS, April 2023) A webinar looking at the earling findings of the NGFS Taskforce on Biodiversity Loss and Nature-related risks – as well as the next steps central banks and supervisors can take. Watch it here. Related webinars Additional guidance for financial institutions March 7, 2024 (Updated: March 8, 2024) Published alongside the TNFD Recommendations in September 2023, this Forum member webinar explored the draft additional guidance for financial institutions open for consultation until 29 March. This session provides an...