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Are We Witnessing A Quiet Tipping Point Within the Financial Sector?

April 26, 2018 |

This article was originally published on Medium by Andrew Mitchell is Co-Founder of the Natural Capital Finance Alliance.

“When Mark Carney, Governor of the Bank of England warned this month of the “catastrophic impact” climate change could have for the financial system, he was referring to only one kind of natural capital, namely a clean atmosphere. But natural capital offers all kinds of services into the economy that we take for granted, such as clean water for mining, pollination for agriculture, and landscapes for tourism.

Though invisible to many banks and asset managers, a portfolio’s impacts and dependencies on stocks and flows from nature can be vast. Financial Institutions (FIs) need a way of understanding this, because ignoring nature is de-stabilising our global economy.

The “Connecting Finance and Natural Capital” report, launched in Hong Kong on 23rd April, is a guide to help FIs take a more integrated systems approach to lending and investment linked to natural capital. It has been developed over 18 months by the Natural Capital Finance Alliance (NCFA), with the Natural Capital Coalition and VBDO, the Dutch Association of Investors for Sustainable Development. Sequential launches in all the world’s major financial capitals are taking place throughout this year…”

Read on at: Medium.

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