Evidence review on the financial effects of nature-related risks

This report from the TNFD can help you to better understand current evidence on the financial materiality of nature-related risks for businesses. Drawing on over six hundred pieces of evidence from hundreds of sources, including academic research, case studies, company reports, expert insights, and interviews with corporates and financial institutions, the report explores how nature-related risks can translate into financially material outcomes. It provides a landscape analysis on the financial effects of nature-related risks on businesses - such as water-related risks, land use change as a driver of natural disasters and the decline in pollinator species, soil depletion, zoonotic diseases, and ecosystem stability risks - and an assessment of nature-related financial risks based on findings from company disclosures and engagement with industry experts. It also identifies evidence gaps, presents insights from corporates and financial institutions on their risk assessment approaches and related challenges, and sets out recommendations for corporates, financial institutions, academics, regulators, and standard setters. This report will be especially beneficial to sustainability, risk, and finance professionals.