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Industry

NGFS Warns on Nature-related Risks to Financial Stability

Physical and transition risks linked to biodiversity loss will be harder for the financial industry to assess than for climate change, according to central banks.

The NGFS (Network for Greening the Financial System) has warned that a failure to account for, mitigate, and adapt to nature-related risks can threaten financial stability. In a statement issued on Thursday (24 March), the NGFS said nature-related risks, including those associated with biodiversity loss, could have “significant macroeconomic implications” and…

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