Axa XL has joined forces with Nature Positive to produce a guide for the risk management community to help identify, assess and mitigate nature-related risks.

The Nature Risk Insights report is designed to help risk and sustainability professionals consider their company’s nature risks, and the opportunities that exist across seven industries with critical relationships to nature, including aquaculture; chemicals; construction materials; food, drink and agriculture; mining and metals; renewable energy generation; and textiles, apparel and fashion.

Commenting on the release of the report, Axa XL’s global head of sustainability, Suzanne Scatliffe said: “How we impact nature affects how nature impacts us. About 50% of the world’s GDP is moderately or highly dependent on nature. To be resilient to the rapid and profound environmental changes occurring now and in the future, it’s imperative businesses adequately value and manage the nature-related risks across their entire value chain.”

Nature Positive worked with Axa XL to develop a set of insights underpinned by reviews of academic papers, industry reports and the guidance from the Taskforce on Nature-related Financial Disclosures.

Dr Richard Young, managing director at Nature Positive, commented: “Nature is in trouble. In the past 50 years, wildlife populations have, on average, declined by 69%. Most of the planet’s wild grasslands and freshwater wetlands have been lost or heavily degraded and one-third of our natural forests has been converted for human use. The continuing degradation of nature and biodiversity presents significant risks to business both now and in the future.”


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