Nature at Risk, Finance at Stake: A Systematic Literature Review of Biodiversity Risk in Finance Research
这篇综述梳理了103篇同行评审研究，总结出金融领域如何理解、衡量和整合生物多样性风险，并提出了一个连接生物多样性损失与金融风险的生态金融传导框架，对关注可持续金融和风险管理的学者及从业者有用。
ABSTRACT Biodiversity‐related financial risk is increasingly recognized not only as a market concern but as an ethical and systemic imperative for businesses and financial institutions. This systematic literature review synthesizes 103 peer‐reviewed studies to examine how biodiversity risk is conceptualized, measured, and integrated within financial research. While awareness of biodiversity as a systemic financial risk is expanding, the field remains theoretically fragmented and methodologically uneven. Four dominant themes emerge: financial materiality, visibility and recognition, governance and accountability, and levels of analysis. Building on these findings, the review introduces an eco‐financial transmission framework that connects biodiversity loss to financial exposure through valuation, governance, and disclosure channels. It further underscores the moral responsibility of financial actors to embed biodiversity into investment practices, ESG strategies, and regulatory design. By integrating ecological economics with ethical finance, this review advances a conceptual foundation for a financial system that not only mitigates biodiversity risk but also supports long‐term ecological resilience.