A report from the Grantham Research Institute makes the case that banks and investors need to track their funding of farming, forestry and fishing sectors to ensure that they deliver climate and biodiversity goals in line with social goals.

the Grantham on Climate Change and the Environment and the ESRC Centre for Climate Change Economics and Policy at the London School of Economics and Political Science, who published he report Just Nature: How finance can support a just transition at the interface of action on climate and biodiversity, warns that failure to place people at the heart of the shift to a nature-positive economy risks negative social impacts such as job losses and human rights abuses.

The need to align to goals that are inclusive for workers and communities is highlighted by the potential for job losses of 120 million fewer agricultural jobs in 2030 as a result of net-zero, but the opportunity for a nature-positive economy to create 395 million jobs in the same period.

The report recommends that the finance sector should “purposely channel finance to companies committed to and making progress to support a just nature transition for workers, suppliers, communities and consumers”.

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