Biodiversity and Ecosystem Services A business case for re/insurance

Assessing biodiversity risks is complex as there is a massive underlying collection of risks. To help assess the risks and foster dialogue around biodiversity they have designed a Biodiversity and Ecosystem Services (BES) Index. It shows that in 20% of all countries, ecosystems are in a fragile state for more than 30% of the entire country area. The index facilitates the process of incorporating re/insurance relevant BES factors into business decision-making and provides BES-related benchmarks. By using this global BES-relevant information, companies and other stakeholders have a new tool to manage the operational, transitional, and reputational risks connected to BES decline. At the same time, the index findings can be used to develop strategies and products to protect businesses, societies and the environment.