Home » Resource Database Report Biodiversity Loss: An Introduction for Risk ProfessionalsRead the report (Biodiversity Loss: An Introduction for Risk Professionals)(This link will take you to an external website) About this Report GARP | March 2023 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. Biodiversity loss, after all, was one of the top three risks identified in the World Economic Forum’s 2022 Global Risks Report, joining climate change and extreme weather. Regulators worldwide, moreover, are now examining more closely the impact of environmental threats — including biodiversity loss — on financial risks. Consequently, it is critical for financial institutions to understand both the ramifications of biodiversity loss for their portfolios and the impact of their financial activities on biodiversity. 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. Download the report here Read the report (Biodiversity Loss: An Introduction for Risk Professionals)(This link will take you to an external website) Related resources Freeport’s Share Price and Divestment Deal Spoiled by Tighter Tailings Rules BloombergNEF | 2024Location: Indonesia, United States of AmericaCase Study The case study on mining company Freeport-McMoRan examines the transition risks of tighter tailings disposal regulations in Indonesia and the market reaction to the company's response. Tailings disposal in waterways near Freeport’s mine had caused water pollution and forest degradation. Wilder Harrier Dog Kibble Exploits Invasive Carp Catch BloombergNEF | October 2024Location: Canada, United States of AmericaCase Study Wilder Harrier produces pet food from alternative protein sources, including farmed insects and invasive fish. This case study examines the nature-related opportunity from its dog food line made of silver carp, an invasive species from China present in the Mississippi River. Related publications Discussion paper on conducting advanced scenario analysis Discussion paper on biodiversity footprinting approaches for financial institutions Additional guidance for financial institutions