Biodiversity finance
Sovereign biodiversity loss drivers and financial stability
Bibliographic Data
| ID | 19467681 |
|---|---|
| Authors | Michael Mies (0000-0003-2251-016X, Chair of Finance and Banking University of Siegen Siegen Germany, corresponding author) |
| Year | 2025 |
| Volume | 29 |
| Issue | 3 |
| Pages | 937-954 |
| Publication date | 2025-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Industrial Ecology (JOURNAL) |
| Journal identifiers | ISSN: 1088-1980 • E-ISSN: 1530-9290 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1111/jiec.70017 |
| OpenAlex | W4409624435 |
| Language | EN |
| Citations received | 2 |
| References cited | 59 |
This study analyzed the impact of sovereign biodiversity risk drivers on financial stability. Using a global dataset covering 2004–2021, I found empirical evidence that the biodiversity risks land use, drought, and freshwater stocks significantly affect the systemic risk measures SRISK and systemic expected shortfall (SES). This study also found empirical evidence that including non‐financial risks in banks' risk assessments is beneficial for financial stability because lending makes borrowers more aware of sustainability. By providing empirical findings on the influence of country‐specific biodiversity risk drivers on market‐based systemic risk measures, this study provides suggestions for a stronger consideration of biodiversity risks in the risk management of banks by regulators and central banks
Biodiversity · Biology · Business · Economics · Financial stability · Financial system · Natural resource economics · Political science · Sovereignty · Conservation, Biodiversity, and Resource Management · Economic and Environmental Valuation · Ecology · Finance
Measuring Systemic Risk
Linking the influence and dependence of people on biodiversity across scales
Textual Analysis in Accounting and Finance
A Multiscalar Drought Index Sensitive to Global Warming
Characterization factors for ocean acidification impacts on marine biodiversity
The Cost of Sustainability Capital and the Creation of Sustainable Value by Companies
Impact Assessment of Biodiversity and Carbon Pools from Land Use and Land Use Changes in Life Cycle Assessment, Exemplified with Forestry Operations in Norway
Biodiversity impact assessment for finance
Subnational greenhouse gas and land‐based biodiversity footprints in the European Union
Circular Economy Rebound
A metric for tradable biodiversity credits quantifying impacts on global extinction risk
Examining global biodiversity accounts
| Unique citing works | 2 |
|---|---|
| Citations per year | 2 |
| Citation span | 2025 - 2026 (2) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 2 |