The COP 15 of the UN Convention on Biological Diversity emphasised the need to monitor, evaluate, and disclose the risks and dependencies of financial institutions on biodiversity. In the light of this context, our paper focuses specifically on banks and is framed by the following overarching question: to what extent have banks identified, integrated, measured, and disclosed their dependency and exposure to ecosystem services (ES)? The literature on finance and biodiversity provides various arguments highlighting the urgency and significance of understanding and disclosing banks' ES risk exposure. Despite numerous public and/or private initiatives, banks have been slow to evaluate and integrate their dependency on ES, and related risks, into their operations and performance. Using data from the ten largest European banks, we estimate that for every dollar of equity holding, 26 cents are potentially exposed to high ES dependencies. This figure should be regarded as a lower estimate of the total banks' exposure to ES dependency. To make progress, we argue that banks must become champions of ES to ensure their own resilience and financial sustainability. Governance plays a key role, and we suggest several measures to accelerate this transition.

中文翻译：

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生态系统服务银行业务


《联合国生物多样性公约》缔约方会议第十五次会议强调需要监测、评估和披露金融机构对生物多样性的风险和依赖。鉴于这种背景，我们的论文特别关注银行，并由以下首要问题构成：银行在多大程度上识别、整合、衡量和披露其对生态系统服务（ES）的依赖和暴露？关于金融和生物多样性的文献提供了各种论据，强调了理解和披露银行 ES 风险敞口的紧迫性和重要性。尽管有许多公共和/或私人举措，但银行在评估和整合其对 ES 的依赖以及相关风险到其运营和绩效方面进展缓慢。根据欧洲十大银行的数据，我们估计，每持有 1 美元的股权，就有 26 美分可能面临高度 ES 依赖。该数字应被视为对银行对 ES 依赖的总风险的较低估计。为了取得进展，我们认为银行必须成为 ES 的倡导者，以确保自身的弹性和财务可持续性。治理发挥着关键作用，我们建议采取多项措施来加速这一转变。