Nature risk data and analysis company NatureAlpha said independent assurance and risk management provider DNV has chosen them as their nature and biodiversity risk data partner.
Both companies focus on risk and business viability, but NatureAlpha focuses on the systemic risk that nature degradation poses to economic stability. NatureAlpha said there is an estimated $44 trillion of economic value threatened by biodiversity declines and ecosystem collapse. The company’s platform integrates nature risk into mainstream capital allocation decision, with the goal that investments have a net-positive impact on the environment.
Under the new agreement, Geoverse 2.0, is now accessible to DNV’s clients, providing granular biodiversity and nature risk insights across 8.5 million global asset locations. This will help to enable the finance industry’s holistic comprehension and management of climate and natural world risks, supporting economic resilience, long term value creation and regulatory readiness.
“The collaboration and access to NatureAlpha’s Geoverse 2.0 platform is transformative for DNV, as we can combine it with our climate tool platform, Climatics, to provide comprehensive exposure and vulnerability assessments of nature-climate risks on business operations and investments,” said Viken Chinien, Head of Department, Enterprise Risk Management in Energy Systems, DNV. “The combination of granular nature and climate data enables us to provide our clients with clear insights to deliver integrated and synergistic solutions to address their climate-nature risks.”
DNV Ventures invested in NatureAlpha in February.
“Over the last 18 months we have witnessed the rapid ascent of nature as a risk consideration amongst the finance industry. We are privileged to deepen our existing relationship with DNV,” said Vian Sharif, Founder and President, NatureAlpha.
