Like climate risk, biodiversity and nature-related risks have financial consequences to businesses. For example, the European Deforestation-free Regulation (EUDR) now requires producers, importers, manufacturers and retailers within the European Union to ensure that they are selling, importing and exporting deforestation-free cocoa, coffee, palm oil and beef, to begin with, by December 30, 2025. This has significant financial implications for ASEAN businesses especially those with huge business dealings with the EU. With the establishment of the Task Force for Nature-related Financial Disclosures (TNFD), businesses will increasingly be asked to disclose the impact of their activities on biodiversity.

While it is laudable that many businesses have taken steps to assess and report their climate-related dependencies, they also need to urgently take concrete steps to reduce or offset their impacts on nature and ultimately, become more active and effective stewards of the environment.

In this 1-day program, the program will provide practical insights and tips to help companies improve their ESG policy and strategy around biodiversity and nature-related risk.