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Recovering nature: building on Georgina Mace's work to ensure a biodiverse and liveable future [1]

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Date: 2023-05

The global, independent Dasgupta Review on the Economics of Biodiversity explored how and why we have failed to integrate nature into decision-making and what we can do about it. Georgina Mace participated on the Dasgupta Review’s Advisory Panel, and provided counsel to Professor Dasgupta and his team throughout the drafting of the Review, including on her areas of expertise in biodiversity science and valuing biodiversity. This talk will introduce the Dasgupta Review, Georgina Mace’s contributions, the options for change it set out, and its recommendations for institutional change in the financial system.



Many of the options for change set out in the Dasgupta Review are now being put into practice, as well as generating further research and increasing understanding among economic and financial decision-makers. The Dasgupta Review included chapters on management of nature-related financial risk and uncertainty, and finance for sustainable engagement with nature. Its recommendations are now being taken forward by the Taskforce on Nature-related Financial Disclosures (TNFD) who are developing a risk management and disclosure framework for organisations to report and act on evolving nature-related risks, with the ultimate aim to support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes. This talk will introduce the ‘beta version’ of the framework and outline how it is already being used globally by corporates and financial institutions through pilot testing. Critical areas for further research identified through the TNFD framework development process will be outlined, including on data, metrics, targets, scenarios and transition plans.

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[1] Url: https://royalsociety.org/science-events-and-lectures/2023/06/recovering-nature/

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