US banks are estimated to have at least US$1.7 trillion of loan exposure to sectors facing potential natural capital loss. However, despite the urgency of the issue, natural capital is seldom considered in banks’ business models and risk management.
As key financial intermediaries, banks can play an essential role, in addressing this crisis by valuing nature, and achieving nature-positive outcomes—a concept that combines financial investment with nature protection, regeneration, and sustainable use of resources. But to do so, they must navigate a number of frameworks, standards, and tools to address nature-related impacts, dependencies, risks, and opportunities.
Why should US banks focus more of their attention on natural capital and biodiversity? What are the risks and challenges they face? What practical steps should they consider integrating into their business strategies and risk management?
Join us for a conversation with the authors of our recently released research paper, “How banks can help achieve nature-positive outcomes and preserve biodiversity” from the Deloitte Center for Financial Services, as they look to answer these questions and more.
Full report available here:
https://www2.deloitte.com/us/en/insights/industry/financial-services/sustainable-banking-for-nature-positive-outcomes.html