It isn’t new to recognize the significance of environmental factors on a business’s operations; companies need to prepare for future impacts and adapt operations because of how their business can affect nature. However, there is a growing need to quantify the financial implications of nature-related financial impacts (NRFIs) and dependencies and embed that knowledge into enterprise risk and resource planning. Embracing this approach may position an organization to respond proactively and unlock new opportunities for resilience and growth.
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