Biodiversity is being lost at a pace that is often described as an extinction event. Biodiversity simply refers to the variety of life on earth. This variety represents a resilience for humanity as it offers different functions that are sometimes clear (such as food) but more often than not it services are indirect. While biodiversity has been studied within academia for centuries its loss has recently become more of a concern to business and policy makers and terms such as ‘Natural Capital’ and ecosystem services have been adopted. How to capture biodiversity risk and potentially quantify it is now a focus of many different initiatives.
Natural Capital: An Overview”, POSTNote
This document explores the use of natural capital and monetisation of nature, within the context of business decision making. It outlines benefits and challenges associated with the approach. Download the briefing on the Parliament UK website
DEFRA’s Enabling a Natural Capital Approach Guidance
This Guidance is intended for those who are looking to learn more about natural capital and environmental valuation and need practical guidance. It forms part of a suite of Defra resources collectively called “Enabling a Natural Capital Approach” (ENCA). Other ENCA resources are referenced throughout the text. Download the guidance on GOV.UK.
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Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.