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Laxman Pai, Opalesque Asia:

A group of institutional investors announced the formation of Nature Action 100, a new global engagement initiative that focuses on investors driving urgent action on the nature-related risks and dependencies in the companies they own.

The Nature Action 100 initiative was announced at the ongoing U.N. Convention on Biological Diversity (COP15) conference in Montreal and will formally launch in spring 2023 as more signatories are added.

The initiative aims to drive greater corporate ambition and action on tackling nature loss and biodiversity decline, and will complement the United Nations Convention on Biological Diversity's Global Biodiversity Framework by identifying the private sector actions that need to be undertaken to protect and restore nature and seek to catalyze these actions via investor-company engagements, said an official press release.

More than half of the world's GDP ($44 trillion of economic value generation) is either moderately or highly reliant on nature's services, and by some estimates, tens of billions of dollars in assets could be at risk of stranding over the next five to 10 years if companies continue to produce deforestation-linked commodities.

In addition, wildlife populations have declined by an average of 69% since 1970, with an estimated one million plant and animal species at risk of extinction by 2050 - approximately 25% of all species on Earth. By the end of the century, 50% or more is ......................

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