Presentation by HyeJin Kim UK Centre for Ecology Hydrology OECD INSPIRE Workshop Bio Risks impacts and dependencies in the financial sector

1. TOWARDS A BETTER FUTURE FOR BIODIVERSITY AND PEOPLE:
DEVELOPING NATURE FUTURES SCENARIOS
OECD-INSPIRE Workshop
Dr. HyeJin Kim
UK Centre for Ecology & Hydrology
iDiv German Centre for
Integrative Biodiversity Research
IPBES Scenarios and Models Taskforce
4 April 2023
Paris, France

2. Source: Pereira et al. In revision. Global trends in biodiversity and ecosystem services from 1900 to 2050. DOI, IPBES 2019 Global Assessment Chapter 4
SSP1 GLOBAL SUSTAINABILITY
SSP1 X RCP2.6 (MEDIUM LOW)
CLIMATE AND SOCIOECONOMIC IMPACT ON BIODIVERSITY & PEOPLE
SPECIES RICHNESS
2015-2050
ECOSYSTEM SERVICES
2015-2050

3. KEY PRINCIPLES FOR NATURE FUTURES SCENARIOS
Source: Kim et al. In review. Towards a better future for
biodiversity and people: modelling Nature Futures. DOI

4. MODELLING NATURE FUTURES SCENARIOS
Source: Kim et al. In
review. Towards a
better future for
biodiversity and
people: modelling
Nature Futures. DOI
NATIONAL BIODIVERSITY STRATEGIC
ACTION PLANS (NBSAP)
NATIONAL REPORTS (NR)
Scientific frameworks Policy frameworks
Knowledge
Evidence
Tools
Instruments
Processes
Systems
CBD
GOAL B
CBD
GOAL A
CBD
TARGETS
1-23

5. How can understanding the socio-economic implications of biodiversity loss help financial
institutions better manage nature-related risks in their investment portfolios?
What are some key challenges for the financial sector in incorporating biodiversity risks
into their decision-making processes and risk assessments?
- First understand the state of nature and nature’s contributions to people in your area
- Identify different types of risks associated with nature – extreme events like drought
fire, pollution, invasive species, pandemic, shift in species habitat
- Map social-ecological causal loops to identify risks, mitigation policies and impacts
- Consider a broad range of short to long term implications - not only immediate
damages but also longer term impacts
- Explore multiple benefits for acting on climate biodiversity and people – solutions, not
just risks
- This requires working with scientific communities as well as governing/decision bodies
– we are aspiring and moving in the same direction and joint effort makes it more
effective and efficient
- What works for nature works for people!