The impact of the euro area economy and banks on biodiversity

Our economy and the financial system, as an enabler of the economy, are highly dependent on nature and the ecosystem services it provides. Biodiversity – the variety of life on Earth – is essential for sustaining the healthy ecosystems that our economy and banks depend on. Despite the clear benefits of a healthy natural world for people and the economy, humanity is putting immense pressure on nature.
Human activity has led to significant alterations in three-quarters of the land-based environment and two-thirds of the marine environment.