Biodiversity is the diversity of life on Earth: the diversity between and within species and organisms. It underpins every aspect of life on our planet—but it’s declining at an unprecedented rate. Worldwide biodiversity has declined by almost 70% over the past 50 years. We and our economic and social well-being directly depend on life on Earth. More than half of the world’s economy is dependent on nature’s services. Pollination, fertile soils, industrial resources, clean water, pharmaceuticals – almost everything has its origin in biodiversity.
This means biodiversity loss can significantly disrupt business operations and poses physical, transition and reputational risks. It is a rapidly emerging topic on policy and regulation agendas, for example, it plays an important role in the EU’s Taxonomy Regulation.