Developing an approach to nature risk in Financial Services

This publication is the second handbook from the CFRF Nature-Related Risk Working Group, focusing on nature-related financial risks and its implications for financial services. It provides practical guidance for banks, insurers, and asset managers to understand, assess, and manage nature-related risks alongside climate risks. The paper builds on the introductory 2024 handbook, offering new case studies, systemic risk assessment principles, and actionable steps for integrating nature risk into financial decision-making.