Biodiversity Finance
Description
This book offers a pioneering exploration of the financial, operational, and societal impacts stemming from biodiversity loss and associated ecosystem collapse. In addition, it examines possible venues through which corporations, financial institutions, and regulators can slow down or halt biodiversity loss. The book stands out for its comprehensive coverage, delving into the various facets of biodiversity loss, including its effects across industries, risk assessment strategies, investment opportunities, policy landscapes, corporate responses, and future outlooks. Unlike prior publications in this area, this book bridges theory and practice by grounding its content in real-world examples and case studies, illustrating how biodiversity loss directly affects industries, economies, and financial systems globally.
Structured strategically, this edited collection guides readers through a logical progression of topics, starting from understanding the fundamentals of biodiversity loss to exploring its implications in different sectors, assessing risks, identifying investment opportunities, navigating policy landscapes, and learning from successful case studies. Each chapter incorporates clear explanations, illustrative examples, data-driven analyses, and actionable recommendations, making the content accessible and relevant to a diverse audience including students, educators, researchers, policymakers, practitioners, and concerned citizens.
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Persons
Thomas Walker is Professor of Finance, Director of the BMO Centre for Capital Markets, and Concordia University Research Chair in Emerging Risk Management at Concordia University, Montreal, Canada. Since 2025, he also directs the Institute for Sustainable Finance.
Helena Naffa is Associate Professor of Sustainable Finance at Corvinus University of Budapest. She founded and is the current head of the Sustainable Finance Research Centre at Corvinus that focuses on empirical research in the field of climate finance, ESG investing, and nature as an investment asset class.
Rajesh Kumar Tharumar holds an MSC degree in Finance from Concordia University. He has ample experience in the banking sector and currently serves as a research associate in the Department of Finance at Concordia University.
Simone Donders is a recent MA graduate from the Department of History at Concordia University, Montreal. She has a passion for sustainability studies and serves as both an editor and research associate in the Department of Finance at Concordia University.
Content
Chapter 1: Introduction.- Chapter 2: Biodiversity Loss: An Emerging Threat to Financial Stability.- Chapter 3: Causes, Drivers, and Implications of Biodiversity Loss.- Chapter 4: Current Trends and Projections in Biodiversity Finance.- The Economics of Biodiversity.- Chapter 5: The Economics of Species Protection and Restoration to Support the Well-Being of People and the Rest of Nature.- Chapter 6: Financing Biodiversity and Ecosystem Services: Cross-Country Comparison and Best Practices.- Chapter 7: Biodiversity-Related Sustainability-Linked Bonds.- Chapter 8: Closing the Funding Gap: An Overview of Financial Mechanisms for Biodiversity.- Chapter 9: Financing Mechanisms for the Conservation of Biodiversity: A Multi-Country Comparison.- Risk Assessment and Management.- Chapter 10: Risk Assessment and Management: Integrating Biodiversity into Risk Assessment Frameworks.- Chapter 11: The Potential of Biodiversity Offsets and Credits to Finance Nature-Based Solutions.- Policy, Regulation, and Corporate Responsibility.- Chapter 12: Accounting and Accountability for Biodiversity: From Praxis to Poeisis.- Chapter 13: Opportunities and Challenges for Biodiversity-Focused Investments: Are Investors Charged Twice for Sustainability Disclosures?.- Chapter 14: Biodiversity Metrics: Lessons from the Realm of ESG Scores and Impact on Firm Value.- Chapter 15: Biodiversity Conservation under Nature Restoration Law: The Empowering Role of the EU Corporate Sustainability Due Diligence Directive.- Chapter 16: Conclusions, lessons learned, and opportunities for innovation and collaboration.