"As the economist Herman Daly pithily said, the economy is a wholly owned
subsidiary of the environment – not the reverse. Nature makes our lives
possible through what scientists call ecosystem services. Think healthy food,
clean water, feed for livestock, building materials, medicine, flood and storm
control, recreation, and attractions for tourists.
Despite this, Australian businesses and financial institutions have so far
failed to track how their activities both rely on and affect nature. This means
our investments and superannuation could be exposed to hidden financial risks
because of nature loss – and may also contribute to the destruction of nature.
That’s set to change. The private sector is waking up to nature’s value (and
the risks of losing it). The world’s biodiversity rescue plan agreed to last
year could help motivate governments and businesses to clean up their
investments by directing more money to protect nature and less towards
There’s one crucial plank we’re missing though – mandatory reporting of how
businesses both depend on and impact nature."
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics