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ARTICLE · 03 OCTOBER 2023

CDP Report: Financial Institutions Face Challenges In Addressing Nature-Related Risks

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According to CDP, nearly 95% of the 556 banks, insurers and asset owners surveyed reported that climate change influences their business strategies or financial planning.

United StatesEnvironment
Jason Halper
Jason Halper
Sara Bussiere
Sara Bussiere
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In a report published in August 2023, non-profit disclosure organization CDP concluded that financial institutions often are not accounting for nature-related risks and opportunities in their "financial decision-making," and it urged these organizations to recognize the link between the impacts on climate and nature. In "Nature in Green Finance: Bridging the gap in environmental reporting," CDP states: "While climate change is now widely considered within financial institutions' strategies, disclosure and action on forests, water, and broader nature-related issues lag significantly behind," although "several trends indicate a gradual shift in financial institutions moving beyond tackling climate change in isolation, to addressing nature in tandem."

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