Beware material nature risk

Businesses must place nature loss on the same level as climate change in their risk assessments, with more than half of global GDP moderately or highly dependent on nature, according to new PwC analysis.

The findings of new PwC research reveal the extent to which economic activities and natural ecosystems are linked, with 55% of global GDP—equivalent to about US$58 trillion— moderately or highly dependent on nature – up almost one-third ($14tn) since 2020.

To help mobilise a response from the business community, PwC is launching a global Centre for Nature Positive Business, which will double the number of nature specialists in the firm to 1,000, with up to 10% based in the UK. PwC is also providing nature-positive training to upskill its 328,000 strong global workforce in order to better understand nature impacts and work towards nature-positive outcomes with clients.