Damage to the natural environment could significantly slow UK growth and reduce the value of banks’ domestic portfolios by up to 5 per cent, according to an analysis of the economic risk posed by domestic and international nature degradation on the UK's economy.
The findings are contained in a report, Assessing the Materiality of Nature Related Financial Risks for the UK, which was led by the Green Finance Institute and included leading researchers from the Environmental Change Institute at the University of Oxford, the University of Reading, the UN Environment Programme World Conservation Monitoring Centre and the National Institute of Economic and Social Research.
