Biodiversity matters to business: What’s to be done now – I by IMD

Biodiversity loss is as much an existential threat as climate change, with significant impacts on the economy and business. We have already lost 69% of species in the past 50 years, and one million more are threatened with extinction. Every year, we only replace half of the forests we cut down. Over a third of our fish stocks are being over-fished. By 2050, we will have more plastic than fish in the ocean.

Ecosystem services — the services provided by nature — are essential to our economy, contributing to over half of global GDP, or $44tn every year. Consider nature’s direct contributions and what’s at stake if something happens: