Reinforcing Nature as an Asset Reinforcing Nature as an Asset The ongoing biodiversity crisis is a global phenomenon, and governments and corporates are becoming increasingly aware of the need to incorporate natural capital into policy measures. With more than half of global GDP estimated to be dependent on nature, the imperative to act has never been more urgent. Michael Wilkins, Senior Research Fellow, Sustainable Finance, S&P Global Ratings, explains. Michael Wilkins, Senior Research Fellow, Sustainable Finance, S&P Global Ratings Biodiversity loss driven by climate change, habitat degradation and the introduction of invasive species is being recognised as a fundamental systemic risk – and the consequences are far-reaching.