NGFS Recommendations toward the development of scenarios for assessing nature-related economic and financial risks

About this Document

NGFS | December 2023

This Technical Document provides recommendations on the development of nature-related risk assessment scenarios, highlights the specificities of nature-related risks as opposed to climate-related risks, and discusses and outlines potential ways forward.

The Document is structured around the two steps typically needed to conduct forward-looking risk assessments:
(i) envisioning consistent narratives through which different hazards can be identified; (ii) exploring methods and tools (e.g. models and data needs) through which the economic
(and ultimately financial) impacts of these hazards and the ability to mitigate them can be assessed.

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