Since 1970, the Earth’s wildlife populations have fallen by almost 70% – a result of deforestation, excessive human consumption, and life-choking pollution. Significant impacts are now found across 75% of the global land surface and 66% of the global ocean area and over 85% of wetlands have been lost. One million species are threatened with extinction. And whilst the Economist have upped their dependency estimations to nearly 50% of our economy and class biodiversity loss as a top 5 global risk - can any of our economy exist without food, oxygen or water? The trajectory and impact of biodiversity loss are uncertain. The consequences are projected to be large, although the timings and exact outcomes are unknown. The financial consequences, arising from physical and transition risks are also likely to be large. Thus, Biodiversity and Nature-Related Risks is a critical topic for actuaries to understand and embed in their work. This webinar will formally launch the new Institute and Faculty of Actuaries' Biodiversity and Nature-Related Risks (BDNRR) Policy. The session will explore: The growing role of, and opportunities for, actuaries in understanding BDNRR. The new introductory guide to Biodiversity & Nature Related risks. Existing resources for actuaries and future plans and efforts. This webinar is part of a broader program of efforts that is extremely timely and extremely relevant to all actuaries.
Actuaries and Biodiversity: the launch of Biodiversity and Nature-Related Risks Policy