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This report offers a high level perspective on the world’s biggest natural capital risks for business, investors and governments. To provide a business perspective, it presents natural capital risk in financial terms. In doing so, it finds that the world’s 100 biggest risks are costing the economy around $4.7 trillion per year in terms of the environmental and social costs of lost ecosystem services and pollution. The aim of the report is to provide insight into how companies and their investors can measure and manage natural capital impacts and to inspire further research and debate.