How does ecological risk relate to commercial risk?

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About this Video

The October 2024 Royal Society conference underscored the urgent link between ecological and commercial risks, emphasising that business success depends on nature’s health. The conference was designed to help business leaders grappling with ecological risks and can now be rewatched on demand.

In 2021 Professor Sir Partha Dasgupta FRS published his review into the economics of biodiversity. This set out the many ways in which our economies, livelihoods, and well-being are fundamentally dependent on the natural world. It also demonstrated how our collective demands on nature exceed the natural world’s capacity to regenerate – pushing climate and ecosystems towards tipping points beyond which they will not provide the goods and services we rely on.

The Dasgupta Review prompted considerable business interest in what the analysis meant for them and their business models. On 3 – 4 October 2024 the Royal Society hosted a conference, chaired by Sir Partha, to help businesses understand the commercial risks they face due to ecological risks. Business leaders, scientists, academics and non-profits came together to discuss how trends in environmental decline are leading to new risks to business models and investments. The event took place just weeks before the biodiversity COP (COP16) opened in Cali, Colombia and the climate COP (COP29) began in Baku, Azerbaijan, where nature would also be firmly on the agenda.

The outcomes of the conference can be found in the:

• Summary note
• Recordings

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