There’s an urgent need to bridge the gap between financial systems and nature conservation, as this high-profile DLD25 session with SAP CFO Dominik Asam and economist Sylvie Goulard (Bocconi University, Banque de France), moderated by Martin Stuchtey (The Landbanking Group) makes clear.
“We need private money for conservation and restoration of nature”, Sylvie Goulard says, as she presents IAPB, a Franco-British initiative developing new financial instruments to foster investment in biodiversity.
“The situation is serious”, Goulard adds. “We should not underestimate what is happening right now. The destruction of nature, biodiversity loss, which is very important for our souls, but also for business.”
Dominik Asam explains how SAP’s technology can track environmental impacts alongside financial transactions, for example through the company’s Green Ledger.
“Adding certain environmental KPIs to each transaction, like what’s the CO2 footprint, is actually not rocket science at all”, Asam says. “We have the base technologies to expand that over time to many other domains which are important.”
Watch the video for further insights into the interdependence of climate action and nature conservation and how to create a closer dialogue between policymakers and businesses.
