Home » Resource Database Report When the bee stings: counting the cost of nature-related risks Publish Date December 2024 Read the report (When the bee stings: counting the cost of nature-related risks)(This link will take you to an external website) About this Report BloombergNEF, December 2023 BloombergNEF have published a timely series of case studies, in consultation with TNFD, showcasing how nature risks have materialised into significant financial consequences for leading companies across sectors and geographies over the last two decades. The BloombergNEF study highlights financial consequences – often in the billions of dollars and often materialising suddenly – as a result of both physical risks and transition risks associated with accelerating nature loss, the organisation’s nature-related impacts, such as pollution, and/or nature-related events such as bushfires. Stock prices have been hit, senior executives stood down, brand values and customer loyalty damaged from litigation, credit ratings downgraded and assets written off. These case studies provide important insights for corporate boards, management teams, credit providers, insurers and investors all of whom can get caught out by a lack of attention to the nature risks now sitting in cashflows, balance sheets and investment and credit portfolios. Read BloombergNEF’s blog here Read the report (When the bee stings: counting the cost of nature-related risks)(This link will take you to an external website) Related resources Opportunity blossoms: The business of curbing nature loss A new set of case studies produced by BloombergNEF explores the opportunities for businesses to mitigate nature loss while creating financial value. It profiles twelve companies across different industries that are leveraging technology and sustainable practices to address the five key... Understanding the Physical Risks Associated with Climate Change Climate-related financial risks are the financial risks linked to climate change. These are typically split into two broad categories: physical and transition risks. This primer from GARP, written by Jo Paisley, looks at physical risks, which arise from the physical impacts that stem from a... TNFD in a Box: understanding and assessing nature-related issues As the spotlight on nature loss and climate change intensifies, there is growing acknowledgement globally of the urgent need for companies and financial institutions to understand and reduce their role in driving these twin crises, and to address the growing risks of declines in the resilience... New research: Over half of Asia Pacific’s economy directly dependent on nature Asia Pacific’s (APAC) economies are particularly vulnerable to nature-related risks, including biodiversity loss, pollution and fresh water availability, according to data released today by the Asia Investor Group on Climate Change (AIGCC) and PwC. GARP 2024 Climate and Nature Risk Symposium Launched in 2024, this oversubscribed, two-day event held in London explored the interconnections between climate change and nature risk, with a particular emphasis on the tipping points in our climate, environmental, economic, and social systems. The speaker line-up from financial... What’s next for financial institutions and nature-related risk? A short article from Marianne Haahr, Nature-related Finance Lead, Global Canopy, looking at the state of play for financial institutions relating to nature-related risks. An Introduction to Managing the Financial Risks from Nature Loss Risk managers should understand how nature loss impacts their business. In this webcast, we outline why nature is a critical new risk area, and how your firm can get started managing those risks. In April, GARP released the findings from its first global survey of nature risk management... Nature Loss and Financial Risk: Global Insights from the WWF Find out how nature loss is generating business and financial risk: The issues of climate change do not exist in a vacuum and in recent months there has been a very clear trend towards the inclusion of broader environmental issues. Highly interconnected topics such as biodiversity and... Related publications Guidance on the identification and assessment of nature-related issues: the LEAP approach Getting started with adoption of the TNFD Recommendations Taskforce on Nature-related Financial Disclosures (TNFD) Recommendations Asking Better Questions on Nature – For board directors Related webinars Additional guidance for financial institutions March 7, 2024 (Updated: January 29, 2025) 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...