Authors
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Associate, Climate and Nature, BSR
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Manager, Climate and Nature, BSR
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Director, Climate and Nature, BSR
As climate change and its impacts intensify, business is increasingly turning to scenario analysis to assess risks, build resilience, and meet disclosure requirements. Yet most approaches do not integrate nature into their considerations, despite its profound influence on economies, societies, and ecosystems.
To address this gap, BSR has begun embedding nature considerations into its four climate scenarios. These depict how policy alignment, technology, and biodiversity protection measures define the futures of climate and nature, providing the basis for developing actionable business strategies integrating both themes. Without addressing both climate and nature equally, achieving the Global Biodiversity Framework and Net Zero 2050 targets—critical for reversing biodiversity loss, reducing greenhouse gas emissions, and safeguarding long-term business resilience—will be extremely difficult.
Companies can continue to use BSR’s Climate Scenarios to bolster their climate strategies, while those looking to weave together climate and nature can use Integrating Nature within Climate Scenarios to understand how connections between the two affect and reshape material risks and opportunities to their business.
As knowledge and data systems evolve, BSR will update this approach, ultimately releasing fully integrated climate-nature scenarios. By making the connections between climate, nature, and business explicit, these scenarios can help companies understand how they both depend on and impact nature in a changing climate, identify relevant risks and opportunities, and strengthen resilience.
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