In light of declining biodiversity and the growing recognition of its ecological, social, and economic importance, there is an urgent need to more effectively integrate biodiversity considerations into financial decision-making. Capital markets play a central role in directing financial flows across the economy. However, the understanding of how capital market actors perceive, manage, and disclose biodiversity-related impacts and dependencies remains limited.

This session explores how different financial actors engage with biodiversity in investment analysis, stewardship practices, and risk and regulatory frameworks. It aims to assess current approaches and identify opportunities for enhancing the role of capital markets in supporting biodiversity restoration and conservation.

We welcome both empirical and theoretical contributions. Topics of interest include, but are not limited to:

- Definitions and perceptions of biodiversity risk among capital market actors
- Pricing of biodiversity-related risks and opportunities in financial markets
- Integration of biodiversity considerations into institutional investment strategies
- Approaches to biodiversity risk management by insurers and banks
- Active ownership and stewardship strategies linked to biodiversity
- Use of biodiversity indices and benchmarks in portfolio construction and evaluation
- Comparison of biodiversity and climate considerations in investor decision-making
- Market-based incentives and disincentives for biodiversity-aligned finance
- Assessment of current incentive structures and their sufficiency in fostering biodiversity-positive investing
- Role of financial policymakers, regulators, and central banks in shaping biodiversity finance
- Market failures and corrective policy instruments