26 Financial Institutions representing USD 1.4 trillion Call to Action for Companies to Urgently Assess and Disclose their Impact and Dependencies on

The World Economic Forum’s 2024 Risk Report puts biodiversity loss as the third biggest global economic risk over the next 10 years.2 Nature and biodiversity loss presents physical and transition risks for the companies assessed in the Nature Benchmark due to disruption of activities of value chain, raw material price volatility, adjustment or relocation of activities, pricing externalities, stran. [...] The 2023 Nature Benchmark assessed the performance of 380 companies in the Food and Agriculture industry and the Paper and Forest product industry. [...] All of these align on the need for companies to assess and disclose their impacts and dependencies. [...] As investors representing USD 1.4 trillion in assets under management, we ask all companies we invest in that are assessed under WBA's Nature Benchmark to urgently assess and disclose their impacts and dependencies on nature, both within their own operations and the upstream and downstream parts of its value chain. [...] For the list of current (multi-stakeholder) members and more information on this initiative, please see here: All you need to know about the Nature Collective Impact Coalition | World Benchmarking Alliance 5 “large and transnational companies and financial institutions” must “regularly monitor, assess, and transparently disclose th eir risks, dependencies and impacts on biodiversity, including wit.