WEF_New_Nature_Economy_Report_2020.pdf

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New Nature Economy series
Nature Risk Rising:
Why the Crisis Engulfing
Nature Matters for Business
and the Economy
In collaboration with PwC
January 2020
World Economic Forum
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by any information storage and retrieval system.
Nature Risk Rising
is published by the World Economic Forum in
collaboration with PwC. It is the first in a series of reports from the
New Nature Economy project.
About the New Nature Economy series
The series of New Nature Economy (NNE) reports is being developed under the
umbrella of the Nature Action Agenda, a platform for committed actors to join
up ideas and efforts in the run-up to the UN Convention on Biological Diversity
COP15 – in Kunming, China, in October 2020 – and in support of the related
Business for Nature agenda. The NNE reports aim to contribute to the Agenda’s
fact base, focusing on the business and economic case for action.
The series will span three reports that focus on the following priorities:
1.
Make the case for why the nature crisis is crucial to business and the
economy,
including:
– The scale and urgency of the nature crisis
– The potential consequences for society if the crisis goes unchecked
– The interests of business to make the crisis a critical consideration
2.
Identify a set of priority socioeconomic systems for transformation:
– Target areas in which individual and collective action from business and
other actors (such as state-owned enterprises, investors and financial
corporations) is urgent and indispensable
– Ecosystems that are closer to irreversible tipping points, and hence have
more global relevance if tipped, and in which the drivers of degradation
are more deeply connected to economic and business activities. Actors
in this space therefore have more value at stake and a greater ability to
influence the transformation.
3.
Scope the market and investment opportunities for nature-based
solutions to environmental challenges:
– Research solutions across the biodiversity, climate mitigation, climate
resilience and ocean agendas
– Assess their economic and nature-building potential
– Identify areas and approaches that are most interesting for private-sector
finance to engage in
About the World Economic Forum
The World Economic Forum, committed to improving the state of the world, is
the International Organization for Public-Private Cooperation. The Forum engages
the foremost business, political and other leaders of society to shape global,
regional and industry agendas.
Nature Risk Rising
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Contents
Foreword
Executive summary
1. The nature emergency
Environmental costs of economic growth
Drivers of nature loss
Non-linear risks of nature loss
2. The hidden risks of nature loss for business
Risks emerging from dependency of business on nature
Risks emerging from fallout of business impacts on nature
Risks emerging from impacts of nature loss on society
3. Managing nature-related risk
Aligning nature-related risk with existing risk categories
Developing a risk-management approach for nature-related risk
4. Moving to action on nature-related risks
Appendix A: Approach to modelling nature dependency for
countries and sectors
Direct nature dependency
Supply chain nature dependency
Contributors
Endnotes
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Nature Risk Rising
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