Business and ecosystems are linked. All businesses affect ecosystems and rely on the critical provisioning services (freshwater, fiber, food) and regulatory services (climate regulation, flood control, water purification, waste treatment) they provide.
However, 60% of the world’s ecosystem services have been degraded over the past 50 years. The Economics of Ecosystems and Biodiversity (TEEB) – initiated by the G8+5 environment ministers (2007-2010) – revealed that the costs of ecosystem degradation are huge, e.g. US$ 2-5 trillion of ecosystem services are lost each year just from deforestation. This scale of loss and value is clearly material to companies. Ecosystem change presents both business opportunities and risks.
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