Big firms 'failing to recognise risk of biodiversity loss'

PwC calls on business to integrate the ecosystem value into business decisions

Almost none the world's largest companies recognise biodiversity loss as a strategic risk even though it could impose comparable or even higher economic costs than climate change, according to an analysis by consultancy PricewaterhouseCoopers (PWC).

PWC estimates the future costs of biodiversity loss at $2-4.5trn (£1.4-3.1trn) per year. By comparison, Nicholas Stern put the cost of unmitigated climate change at $3-12trn (£2.1-8.3trn) annually – 5-20% of global GDP.

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