Embedding Nature Risk: Insights from a Senior Banking Professional

Hear from Judson Berkey, Managing Director in the Chief Sustainability Office at UBS, as we learn first-hand how banks are approaching nature risk.

Within finance, nature is usually treated as background: important, but invisible. However, that is beginning to change. New frameworks, regulations, and expectations are emerging worldwide, and many firms are starting to measure their impacts and dependencies on nature.

In this episode, we explore how that shift is happening from the perspective of someone inside one of the world's largest banks. We discuss:

• Which lessons from climate disclosure apply to nature, and which do not;
• Why some regulatory approaches to ESG-type topics are more effective than others; and
• The importance of not waiting for perfect data before taking action.

To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr

For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate

If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com

Speaker's Bio

Judson Berkey, Managing Director, Chief Sustainability Office, UBS

Judson is a Managing Director in the Chief Sustainability Office at UBS based in Zurich where he has worked since 2003 on global risk, regulatory and compliance topics. He currently focuses on sustainable finance policy and regulation including engagement with policymakers and standard setters. He also leads UBS work on nature. He graduated from Harvard Law School and the University of Virginia and is on the board of ECOFACT. He currently chairs the Institute of International Finance Sustainable Finance Working Group and represents UBS on the Taskforce for Nature-related Financial Disclosures and Glasgow Financial Alliance for Net Zero Steering Group.