Research warns of a potential 12% UK’s Growth Domestic Product loss from natural environment damage. Urgent government action needed to address the Environmental, Social, and Governance (ESG) impacts, surpassing those of Covid-19 and the 2008 financial crisis.
Moreover, research highlights nature’s crucial role in economic stability, stressing the urgency of addressing nature-related risks. Climate change exacerbates these threats, impacting sectors like agriculture and utilities, while financial institutions face portfolio reductions. It underscores the shared responsibility to safeguard nature, emphasizing the role of green finance. Government agencies, including HM Treasury and the Financial Conduct Authority, contribute to this effort.
