50 millions to research about finance and biodiversity
The research programme ”Pathways towards an efficient alignment of the financial system with the needs of biodiversity (BIOPATH)”, with Lund University as host, has been granted funding of SEK 50 million over a period of four years, starting September 2022. The financier is Mistra (Foundation for Environmental Strategic Research) and researchers from CEC will take part in the programme.
Susanne Arvidsson at LUSEM is the main applicant and programme director of BIOPATH.
“The BIOPATH consortium consists of a carefully composed team of research specialists in sustainable finance and biodiversity as well as influential partners from industry, the financial system and public authorities. We will work side by side to develop, innovate and test the most viable and effective solutions needed to stop and reverse the loss of biodiversity. In this process, we utilize the potential in digital innovation and AI expertise,“ Susanne explains.
BIOPATH will, together with its partners, map, evaluate and co-develop existing and new approaches where biodiversity is integrated into financial decision-making. The institutional and political consequences of these approaches will also be analyzed.
The programme includes researchers from several faculties at Lund University, University of Gothenburg, Stockholm University, international research institutes and Swedish and international partners from industry, the financial system and public authorities. A total of 34 different partners are included in BIOPATH.
“The commitment from our partners in the industry and the financial system is extremely inspiring. There is a strong force to address these important issues and develop practical solutions that can safeguard biodiversity. I look forward to leading such a group and tackling these complex challenges together with the research team,“ says Susanne.
Henrik Smith is professor of animal ecology at The Centre for Environmental and Climate Science (CEC) at Lund University and leads one of the included sub-projects, Quantifying Biodiversity Impact for Industry and the Financial system.
“The grant gives us the opportunity to jointly find, across scientific boundaries, methods to deal with one of the greatest challenges of our time; to slow down and reverse the loss of biodiversity,“ says Henrik Smith and continues:
“This is a unique opportunity to combine research on biodiversity and economic research, to find transparent methods for informing about how activities in the corporate and financial sector contribute to or counteract the loss of biodiversity.“
Ullrika Sahlin, Johanna Alkan Olsson and William Sidemo Holm from CEC will also take part in the programme.