Globalbalance welcomes the final report of the Independent Review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta
The long awaited Dasgupta review was released recently. Commissioned by HM Treasury, it was billed as the ‘Stern report for nature’. It has a number of key messages:
- Our society relies on nature but we have failed to engage with it sustainably, our demands on nature far exceed its ability to supply us with the goods and services on which we are reliant. This puts the prosperity of current and future generations at risk;
- Our economies are embedded in nature, not the other way around and, as such, we need to change the way we consider and measure success – current economic measures are inadequate, and damaging; and
- Transformation of institutions and systems are required, in particular of finance and business to allow us to ensure that our demands on nature do not exceed its supply and we increase nature’s supply relative to its current level
- The report comes at a time when we are re-negotiating global biodiversity policy. It is clear that implementation of this policy will require a sea-change in corporate action on biodiversity. The investment community can play an important role in driving this change.
Download the full report