World Economic Forum has released Nature Risk Rising Report

World Economic Forum has released Nature Risk Rising Report.

About Nature Risk Rising Report

• It has produced by WEF in collaboration with PwC and the first report in a series of New Nature Economy reports.
• It explains how nature-related risks matter to business, why they must be urgently mainstreamed into risk management strategies.

Highlights of the Report

• The report said, over half the world’s total GDP is moderately or highly dependent on nature and its services and, as a result, exposed to risks from nature loss.
• China, the European Union and the US have the highest absolute economic value in nature-dependent industries
• Construction, agriculture & food and beverages are the three largest industries that depend most on nature.

World economic forum

• The World Economic Forum is a non-profit organization based in Switzerland.
• It is headquartered in Geneva.
• It has been recognized by Swiss authorities as an international institution for private-public cooperation.
• The Forum was established in 1971 by Professor Klaus M. Schwab, working at the University of Geneva, known as European Management.
• Its mission is to set global, regional and industrial directions by bringing together leading people in the world’s business, politics, educational and other fields.
• The most popular event of this forum takes place in the annual winter meeting which is held at a place called Davos.

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