13 October 2020
Nature is declining at an unsustainable rate, with consequences for business, the economy and humanity. A recent Swiss Re Institute report found that 55% of global GDP is moderately or highly dependent on biodiversity and ecosystem services. Despite the gravity of the situation, none of the 2020 global biodiversity targets will be met. In this article, Travis Elsum, an actuary at L&G, explores the drivers of, and solutions to, biodiversity loss and argues that the biodiversity and climate crises must be addressed together.