Financial firms risk harming net zero ambitions by overlooking nature in decision making

Report by CDP

Financial institutions risk jeopardising their progress towards net zero by failing to consider nature-related dependencies, risks and opportunities, according to a report by non-profit CDP.

While 95% of the sector, including the world's largest banks, insurers and asset managers, have stepped up their climate change considerations, only less than a third are thinking about nature-related areas such as forest and water security issues. In the report, Nature in Green Finance, CDP found significant gaps in how financial services oversee, implement, manage, and measure nature-related impact compared to climate change. As a result, they have urged action to be taken by starting with a system-wide recognition of the intrinsic link between the impacts on climate and those on na...