120-145 trillion US dollars is the estimated value nature adds to us humans every year - it is 1.5 times the value of the global gross national product. Furthermore, the UN Nature Panel has estimated that land degradation costs more than 10 percent of the world's total gross domestic product each year. This happens through, for example, loss of natural flood protection, fresh water, loss of fertile soil and pollination. In order to prevent loss of biodiversity, it is crucial that banks, investors and insurance companies take part in driving the change. This requires that more financial institutions have nature related risk on the agenda when deciding which companies to invest in. So far, it has been challenging for the industry to analyze and manage this risk in a sensible way. We have not had a systematic approach, a framework or meaningful information to make adequate analyzes. Data is the basis for risk management. Without data, financial institutions - and regulators - are blind and the values of ecosystem services are invisible. In order to be able to turn cash flows around, it is a prerequisite to uncover risks and opportunities. It requires good information and a good decision basis. Therefore, the establishment of Task Force For Nature Related Financial Disclosures (TNFD) is crucial. Storebrand, which SPP is a part of, is one of the members of the informal working group of financial institutions in TNFD. Read more about TNFD here: https://tnfd.info/ Read more about why nature related disclosures are needed in this article from our colleagues Emine Isciel and Jan Erik Saugestad who is our representatives in the TNFD (in Norwegian): https://energiogklima.no/kommentar/tap-av-biologisk-mangfold-er-en-ny-form-for-finansiell-risiko/