DeepSummary
In this episode, Flavz interviews Raviv Turner, the founder of the Nature Tech Collective, a regenerative agriculture tech investor and nature fintech thought leader. They discuss how businesses need to go beyond just focusing on zero emissions and also address other critical issues like biodiversity loss, water scarcity, and soil degradation.
Turner explains the concept of nature fintech, which involves using technology to measure and quantify nature's value, enabling better financing and investment in nature-based solutions. He highlights the significant gap between negative financial flows from extractive industries and positive flows towards preserving and restoring nature.
The conversation delves into the challenges companies face in measuring their impact on nature, the importance of translating biodiversity metrics into financial risks and opportunities, and the need for cross-disciplinary collaboration between sustainability officers and financial executives. Turner also shares his optimism about the future, citing regulatory progress and the potential for nature to bounce back with the right interventions.
Key Episodes Takeaways
- Businesses need to go beyond a narrow focus on carbon emissions and address other critical nature-related issues like biodiversity loss, water scarcity, and soil degradation.
- Nature fintech involves using technology to measure and quantify nature's value, enabling better financing and investment in nature-based solutions.
- Companies face challenges in measuring their impact on nature due to the complexity of biodiversity metrics and lack of standardization.
- Translating biodiversity metrics into financial risks and opportunities is crucial for engaging businesses and financial executives.
- Cross-functional collaboration between sustainability officers and financial executives like CFOs is essential for deploying capital and prioritizing the triple bottom line.
- There is an urgent need to take action on nature-related issues, even if quantification and measurement are not yet perfect.
- Regulatory pressure and public-private partnerships can help drive investment in nature-based solutions.
- Diverse backgrounds and expertise, including data science, environmental economics, and biophysical modeling, are needed to advance nature fintech.
Top Episodes Quotes
- “Carbon is not even the top one. And yet, from what we're seeing from financial markets and corporations, the world is still obsessed with carbon.“ by Raviv Turner
- “I don't think that the sustainability teams or the chief sustainability officer alone can make that change, because that means that you also need to deploy capital and make some long term investments, even at the, you know, even at the stakes of some short term profits, and not just optimizing for revenue, but actually optimizing for the triple bottom line. Again, people, planet profits. And a CFO, in my opinion, is an integrated part of that conversation.“ by Raviv Turner
- “The faster we can escalate that question and that topic to the office of the CEO and the CFO, the faster we can deploy capital and do something about it versus just check the box on TNFD and, you know, put another marketing pr on sustainability versus doing the action on the ground.“ by Raviv Turner
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Episode Information
Climate Changers
Ryan Flahive
3/19/24