Track Description
The accelerating degradation of ecosystems and biodiversity loss are emerging as systemic and specific risks with profound implications for financial stability, business resilience, and capital allocation (Garel et al., 2024; Cosma et al., 2023; Flammer et al., 2025). As economies remain deeply dependent on ecosystem services, such as water regulation, soil fertility, and climate moderation, both financial institutions and non-financial firms are increasingly exposed to nature-related risks that can propagate through credit, market, and operational channels (Cosma et al., 2025; Boldrini et al., 2023). Growing awareness of these risks, combined with the absence of strict and uniform regulatory frameworks, calls for virtuous behavior, innovation, and good governance practices to manage the financial consequences of the progressive deterioration of nature.

This track aims to promote a rigorous and interdisciplinary discussion on how banks, financial markets, businesses, and investors assess, manage, and disclose the financial consequences of biodiversity loss and ecosystem degradation. We welcome theoretical, empirical, and policy-oriented contributions exploring how nature-related risks affect financial systems, institutions and companies, including their integration into risk models, valuation, disclosure frameworks and prudential regulation.
Key questions include:

• What role can banks and investors play in financing nature-positive transitions?
• How can frameworks such as the TNFD, EU Taxonomy, and Global Biodiversity Framework support risk assessment and disclosure?
• What are the implications of ecosystem degradation for systemic stability, corporate governance and financial supervision?

By bridging finance, sustainability, and environmental economics, this track invites contributions offering conceptual frameworks, quantitative analyses, case studies, or regulatory insights. Interdisciplinary work connecting finance with ecology, law, and data science is especially encouraged. The track seeks to attract scholars, regulators, and practitioners contributing to the growing field of biodiversity and nature finance, emphasizing its importance for resilient financial systems.