Risk Management Show
Biodiversity Risks: The Overlooked Business Threat
Apr 22, 2025
Roopa Dave, a Partner at KPMG specializing in ESG and climate, and Josh Hasdell, a Senior Manager with a background in marine biology and environmental accountancy, delve into the often-overlooked risks of biodiversity on businesses. They discuss the critical link between climate change and biodiversity, urging companies to adopt comprehensive risk management strategies. Insights on frameworks like the TNFD and the significance of natural capital policies highlight how understanding ecological dependencies can not only mitigate risks but also open up new opportunities for sustainability.
38:11
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Quick takeaways
- The significant interdependence between climate change and biodiversity loss requires businesses to integrate both assessments into their risk management strategies.
- Understanding key concepts like biodiversity and natural capital enables companies to evaluate their ecological impacts and improve enterprise risk management.
Deep dives
The Interconnectedness of Climate and Biodiversity Risks
The discussion emphasizes the significant interdependence between climate change and biodiversity loss, labeling it as a crucial aspect that businesses often overlook. Companies may fail to identify critical risks associated with their operations if they exclusively focus on carbon emissions without considering their impact on natural ecosystems. For instance, the loss of habitat and species can diminish natural defenses against climate events like wildfires or floods, potentially leading to underestimated risks. This highlights the necessity for businesses to incorporate both climate and biodiversity assessments to comprehensively evaluate their risk exposures and strategize accordingly.
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