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Video

Why Biodiversity Loss Is a Hidden Threat to Banks and Investors
Biodiversity risk is rising on the financial agenda as banks recognize its deep ties to climate change and economic stability. In this discussion, Kanika Goyal of NatWest Markets explores the growing investor focus on biodiversity metrics, the financial risks of ecosystem degradation, and the crucial role financial institutions play in integrating nature into the economy.
Mar 25, 2025
Kanika Goyal
Kanika Goyal, Climate Risk Officer, NatWest
Tags: ESG and Climate Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

Financial institutions are beginning to acknowledge biodiversity loss as a significant risk, deeply intertwined with climate change. Investors are increasingly scrutinizing corporate environmental impacts, making biodiversity considerations essential for long-term financial viability.

If companies fail to manage nature-related risks, they face reputational and investment consequences.

Despite political challenges, the financial sector remains responsible for embedding biodiversity into risk strategies, ensuring economic stability while balancing risk and opportunity.
Kanika Goyal Bio

After joining Natwest in 2021, I took on the oversight of climate and ESG risk, playing a key role in building and implementing the ECB compliance plan. I am also closely working on CSRD project. Prior to this, I worked in investment banking where I maintained a strong connection with regulators and developed a deep understanding of various businesses.

Kanika Goyal
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