A “Silent Spring” for the Financial System? Exploring Biodiversity-Related Financial Risks

We propose an analytical framework to understand the dynamics of biodiversity-related financial risks, emphasizing the complexity and uncertainty involved as well as the limited substitutability of natural capital. We then provide quantitative estimates of dependencies and impacts on biodiversity in the case of the French financial system. Finally, we provide avenues for future research through which these estimates could inform future physical and transition risk assessments, particularly in emerging and developing countries, by:

• developing a biodiversity-related scenario analysis suitable for financial risk assessment;
• applying specific methodological approaches to capture the potential cascading effects of biodiversity-related shocks;
• working with ad hoc conceptual frameworks and tools such as the dual materiality and biodiversity alignment methodologies.

This event will take place online on September the 15th from 2 to 3:30 pm (CET)

Speakers:

Moderated by :

• Julien Calas, Biodiversity expert, AFD
• Antoine Godin, Senior Economist, AFD

Speakers:

• Etienne Espagne, Senior Economist, AFD
• Julien Gauthey, Environmental Economist, Office français de la biodiversité
• Romain Svartzman, Economist, Banque de France
• Mathilde Salin, Economist, ENS
• Paul Hadji-Lazaro, Economist, Paris 13 – CEPN

Discussants :

• Katie Leach, ShareAction
• Nepomuk Dunz, World Bank
• Gilles Kleitz, AFD

→ Attend the event online: