{"id":2662,"date":"2026-09-29T13:32:08","date_gmt":"2026-09-29T10:32:08","guid":{"rendered":"https:\/\/sites.uwasa.fi\/mfjuva\/?page_id=2662"},"modified":"2026-09-29T13:32:08","modified_gmt":"2026-09-29T10:32:08","slug":"nature-risks","status":"publish","type":"page","link":"https:\/\/sites.uwasa.fi\/mfjuva\/all-issues\/nature-risks\/","title":{"rendered":""},"content":{"rendered":"<h2>Nature Risks<\/h2>\n<p>Multinational Finance Journal, 2026, vol. 30, no. 4, pp. 1-8<br \/>\nDoi: 10.67454\/30-4-1\u2013 <em>an open-access journal article<\/em><\/p>\n<p style=\"align-items: center;gap: 12px;font-weight: bold\"><a href=\"https:\/\/sites.uwasa.fi\/mfjuva\/wp-content\/blogs.dir\/4\/files\/sites\/231\/2026\/09\/Sautner-2026-Nature-Risks-MFJ.pdf\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2383\" src=\"https:\/\/sites.uwasa.fi\/mfjuva\/wp-content\/blogs.dir\/4\/files\/sites\/231\/2026\/07\/download-blue-button-300x89.png\" alt=\"\" width=\"139\" height=\"41\" srcset=\"https:\/\/sites.uwasa.fi\/mfjuva\/wp-content\/blogs.dir\/4\/files\/sites\/231\/2026\/07\/download-blue-button-300x89.png 300w, https:\/\/sites.uwasa.fi\/mfjuva\/wp-content\/blogs.dir\/4\/files\/sites\/231\/2026\/07\/download-blue-button.png 355w\" sizes=\"(max-width: 139px) 100vw, 139px\" \/><\/a><\/p>\n<p><strong>Zacharias Sautner<\/strong>, <em>University of Zurich and Swiss Finance Institute, Zurich, Switzerland<\/em><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Abstract:<\/strong><\/h3>\n<p>Nature loss is increasingly a financial issue. Companies can be exposed because they depend on ecosystem services or because their activities damage nature and they become subject to regulation, litigation, changing preferences, or other transition forces. I discuss recent research showing that companies already perceive these risks as financially material and that investors have begun to price these risks. I then illustrate how new spatial data can make nature considerations more actionable for investment and lending decisions. I close with some thoughts on future nature-finance research and with implications of the evidence for investors and banks.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Keywords:<\/strong><\/h3>\n<p>Nature risks; Biodiversity risks; Renewable energy; Investor engagement<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Citation (APA):<\/strong><\/h3>\n<p>Sautner, Z. (2026). Nature risks. Multinational Finance Journal, 30(4), 1\u20138. https:\/\/doi.org\/10.67454\/30-4-1<\/p>\n<h3><strong>Citation (Harvard):<\/strong><\/h3>\n<div class=\"qMYqUG_convSearchResultHighlightRoot\">\n<div class=\"\" data-turn-id-container=\"request-6a4d709d-d18c-83ed-83c9-0a01bb24e020-8\" data-is-intersecting=\"true\">\n<section class=\"text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-6a4d709d-d18c-83ed-83c9-0a01bb24e020-8\" data-turn-id-container=\"request-6a4d709d-d18c-83ed-83c9-0a01bb24e020-8\" data-testid=\"conversation-turn-112\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-3 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" data-conversation-screenshot-content=\"\">\n<div class=\"flex max-w-full flex-col gap-4 grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"10a400fc-ed44-4693-a6fa-c8ecb7f45476\" data-message-model-slug=\"gpt-5-6\" data-turn-start-message=\"true\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden\">\n<div class=\"fbskMG_root markdown prose dark:prose-invert wrap-break-word w-full light markdown-new-styling\">\n<p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"214\" data-end=\"371\" data-is-last-node=\"\" data-is-only-node=\"\">Sautner, Z., 2026. Nature risks. <em data-start=\"261\" data-end=\"292\">Multinational Finance Journal<\/em>, 30(4), pp.1\u20138. doi:10.67454\/30-4-1.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nature Risks Multinational Finance Journal, 2026, vol. 30, no. 4, pp. 1-8 Doi: 10.67454\/30-4-1\u2013 an open-access journal article Zacharias Sautner, University of Zurich and Swiss Finance Institute, Zurich, Switzerland &nbsp; Abstract: Nature loss is increasingly a financial issue. Companies can be exposed because they depend on ecosystem services or because their activities damage nature and [&hellip;]<\/p>\n","protected":false},"author":621,"featured_media":0,"parent":221,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2662","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/2662"}],"collection":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/users\/621"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/comments?post=2662"}],"version-history":[{"count":1,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/2662\/revisions"}],"predecessor-version":[{"id":2663,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/2662\/revisions\/2663"}],"up":[{"embeddable":true,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/221"}],"wp:attachment":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/media?parent=2662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}