Extinction Governance: Understanding and Addressing the Extinction Crisis

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Network for Sustainable Financial Markets

About this talk

The planet is experiencing a mass extinction event. Human and business activity are the root cause of species loss and habitat destruction. Ecosystem services, such as essential pollination of food crops through bees, estimated to be annually worth $33 trillion, put at risk due to the mass extinction crisis. As with any material financial risk, it requires risk management tools, disclosure, audit, accountability and monitoring. Any part of the financial system not incorporating biodiversity, species protection and extinction prevention into its risk management strategy, is failing to acknowledge the potential for financial losses. In this webinar we introduce extinction governance, a concept based on an inter- and multi-disciplinary effort drawing from the fields of financial accounting, ecology, conservation science, business finance, sustainability science and business governance. We propose a framework for acting on species extinction. A transformative and emancipatory framework: Appreciating the possibility of using business and its practices - like accounting, ESG and good governance - to overcome the destructive pathways that our current system of capital and industry have been locked into for centuries, and address risks for shareholders and stakeholders alike. During this webinar we aim to discuss: - The current mass extinction crisis: background, drivers and solutions - The cost of an inactive stance on extinction and biodiversity - Inter- and multi-disciplinary approaches to address the current mass extinction - The role of corporate governance in addressing extinction risk Panel: Jill Atkins, Chair in Financial Management, University of Sheffield Mervyn King, Senior Counsel and former Judge, Supreme Court of South Africa Mxolisi Sibana, Senior Programme Advisor, WWF UK Martina Macpherson, President, Network for Sustainable Financial Markets CIC Moderator: Christoph Biehl, Lecturer for Responsible Business, University of Birmingham

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Th ESG channel provides environmental, social and governance (ESG) research, insights and best practices from leading experts in industry and academia - across markets, asset classes, and the entire investment value chain. The ESG Channel is hosted by the Network for Sustainable Financial Markets (NSFM), an international not-for-profit network of sustainable finance sector professionals, academics and thought leaders seeking to identify important issues of sustainability and raise awareness amongst the next generation of business and financial market participants. Linkedin: #NSFMNextGen​ Twitter: @nsfmnextgen Facebook: Network for Sustainable Financial Markets Website: http://nsfmnextgen.org​