Economic activitie are at the heart of biodiversity loss. At the same time, most economic sectors are heavily dependent on ecosystem services. Nature's degradation is challenging the integrity of the biosphere, ultimtely endangering human survival, and also representing a signifcant threat to the financial system's stability. Understanding and managing biodiversity-related physical and transition risks will enable financial institutions to avoid losses and reputational damage. Furthermore, understanding the complexities of biodiversity and ecosystems may also enable financial market actors to take advantage of rising business opportunities that are nature-positive.