Biodiversity and financial stability: building the case for action

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.