Biodiversity is being lost at an unprecedented rate (a mass extinction). The economic or financial impact of this loss is unknown. There is an increasing amount of work focusing on how business and government decision-making can account for biodiversity through concepts such as natural capital valuation. This is an important topic on which there has been little actuarial discussion. The Biodiversity & Natural Capital Risk Working Party will include (contested) concepts such as natural capital and valuation of ecosystem services. This is a crucial focus for the draft Environment Bill in the UK Government and so a significant increase in policy and regulation is expected to follow on from this Bill. 

The Biodiversity working party has formed four subgroups to consider a range of Biodiversity issues including Zoonotic disease / Covid-19, natural capital, valuation metrics, and justice. 

Planned outputs 

Chair: Aled Jones 

Established: 2020