NatureAlpha, the nature and biodiversity analytics platform, has collaborated with the Integrated Biodiversity Assessment Tool (IBAT) to provide asset owners and managers access to global biodiversity data.
The coalition seeks to integrate data into biodiversity and nature metrics to be used by investors to address risks in their portfolios associated with biodiversity.
Amid worldwide nature and biodiversity loss, the availability of robust data is crucial to reversing the damage, said ED Ellis, business manager at IBAT, adding that through this collaboration, financial institutions will be able to access synthesized information on biodiversity, including maps.
The move will help investors to regularly monitor, assess and transparently disclose their biodiversity risks, dependencies and impacts, in line with Global Biodiversity Framework.
As more than half of the global GDP depends on ecosystem services and almost $10 trillion trading in the nature market every year, “nature and biodiversity data are swiftly becoming a necessity when determining the impact of financial investment decisions”, said Vian Sharif, founder of NatureAlpha.
IBAT is an alliance between the United Nations Environment Programme – BirdLife International, the World Conservations Monitoring Centre, The International Union for Conservation of Nature and Conservation International, providing geographical information about global biodiversity.
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