Asset managers say they must establish their own assessment tools for this work amid a lack of internationally agreed metrics. Allianz Global Investors and T. Rowe Price are among the companies doing so.

‘Nature risk is sitting in company cash flows and capital portfolios today,’ says co-chair of the Taskforce on Nature-related Financial Disclosures, which released 14 recommended disclosures on Monday.

More than 1,400 species were stopped from entering the country in the first six months of this year, customs says.

Swire Properties, Towngas and Vitasoy are pilot testing the Taskforce on Nature-related Financial Disclosures framework due to be launched in September.

The TNFD framework is a pioneering tool, which outlines a clear approach for companies to embrace nature-related opportunities and risks, to tackle the potential impacts of biodiversity loss, Hong Kong firms say.

The Taskforce on Nature-related Financial Disclosures has released the final draft of its framework for companies to report ecological risks that could impact their businesses.

Investors are becoming much more aware of the importance of biodiversity as part of the struggle against climate change, according to Robeco’s Global Climate Survey.

Besides providing crucial breeding ground for fish, coral reefs act as natural buffers against storms and surges, protecting an estimated 200 million people living along the world’s coastlines from violent weather.

Readers discuss the feasibility of the world’s new biodiversity goals, and how to solve a problem like teen gambling.

The UN COP15’s historic biodiversity deal is the most significant effort to protect the planet’s lands and oceans, and provide financing to save biodiversity in the developing world.

There were signs that negotiators were closing in on a historic deal at a UN conference that would be the most significant effort to protect the world’s land and oceans.

While nations get together in Montreal for the biodiversity conference, failed rains thousands of miles away have led to the deaths of hundreds of animals, with desperate survivors entering villages in their search for food.

Law requires firms to prove their supply chains are not contributing to the destruction of forests, or face hefty fines.

Annual investments in ‘nature-based solutions’ must expand 2.5 times to US$384 billion by 2025 and more than quadruple by 2050, according to a UN Environment Programme report.

Framework is intended to set new goals to conserve biodiversity and reverse nature loss by 2030, and live in harmony with nature by 2050.

Country had hoped to take the lead in drafting conservation framework for next decade before Covid struck.

In Montreal in December, about 200 member states of the CBD are expected to finalise a new accord to halt biodiversity loss by 2030 and achieve recovery by 2050.

Summit in China is meant to finalise a global framework to halt loss of animal and plant species, but its timing is in doubt after a UN meeting was postponed.

Travel restrictions to battle the latest Covid-19 variant is putting a global pact to protect plants, animals and ecosystems at risk.

Chinese Environment Minister Huang Runqiu urges countries to ‘maintain this valuable spirit of cooperation’.