Avery and Peers talked about studies from the GFI that showed how environmental degradation might impede economic growth and reduce the UK's GDP by as much as 12%. Avery explains how the data was retrieved for the study, which does a macro-level assessment of several nature-related danger scenarios.

"The financial industry is well-supported, but it might be much more so if the Central Bank made its views on nature more transparent. Chronic nature risk is exactly as harmful as chronic climate risk, according to our findings.

Avery went on to say that businesses should publish their transition plans instead of hiding behind worries about the reaction from greenwashing or greenhushing. Future prospects are not favorable given the absence of pressure on businesses to take this action.

The degradation of nature has a detrimental effect on the portfolios of UK banks. According to the analysis, there is a danger of transition associated to nature for 8–53% of the seven biggest banks in the UK.

At Sustainable Finance Live, Dr. Nicola Ranger of the GFI will participate in an important panel discussion. "How can financial institutions improve and guarantee that the sustainability of natural capital is integrated into their customers' transaction journeys by building on the GFI's proposals?"

The eighth annual Sustainable Finance Live conference by Finextra will be held on Tuesday, October 8, at Events@No6. The program will include many panel discussions examining the primary subject for this year: The year of numbers, or Natural Capital. Experts in the field will convene to discuss how a natural capital transaction is carried out and what steps may be taken to address obstacles that impede natural capital's potential.