Sustainable Finance
Managing nature-related financial risks
Home - Managing nature-related financial risks
Dates
25/06/2026 - 26/06/2026
Location
Residential
Download the programme
Registration deadline
05/06/2026
Level
Intermediate, Introductory
Approach
Qualitative
Delivery mode
Residential
As the financial implications of biodiversity loss, ecosystem degradation, and the breaching of planetary boundaries become increasingly evident, central banks and supervisory authorities are being called upon to consider nature-related risks within their mandates. This two-day executive education workshop provides a comprehensive and policy-relevant introduction to identifying, assessing, and managing nature-related financial risks in the context of central banking, financial supervision, and regulation. Participants will explore how nature loss transmits to the economy and the financial system through credit, market, and operational risk channels, and how these dynamics may affect financial stability, prudential objectives, and long-term economic resilience.
The programme combines scientific, analytical, and policy perspectives. It begins with a grounding in natural science and ecosystem dynamics, before examining the dependence of economic activities on ecosystem services and the resulting risks for the financial sector. Participants will be introduced to ENCORE as a practical tool to identify nature dependencies of economic activities, followed by a case study on ecosystem restoration and related financing solutions. The workshop also explores the latest developments in forward-looking nature scenarios and the use of scenario analysis by central banks. On the second day, participants will engage with key insights from the forthcoming CETEx report on EU credit institutions’ approaches to assessing nature-related risks (2020–2024), as well as recent supervisory developments in assessing nature-related economic and financial risks.
The programme highlights current implementation challenges, including data limitations, evolving regulatory expectations, and methodological gaps in translating ecological impacts into financial risk metrics. Drawing on contributions from leading academics, supervisors, central bankers, and market practitioners, the course offers a platform for expert exchange and peer learning. It is designed to translate complex environmental science into actionable insights for prudential supervision, financial stability analysis, and policy design, equipping financial authorities to stay ahead of a rapidly evolving agenda and to strengthen the resilience of the financial system in light of the natural systems upon which it ultimately depends.
In collaboration with:

By the end of the workshop, participants will be able to:
- Explain how biodiversity loss, ecosystem degradation, and planetary boundary pressures translate into financial and macroeconomic risks, including transmission through credit, market, and operational risk channels, and implications for financial stability.
- Identify and assess dependencies and exposures to nature-related risks, using practical tools such as ENCORE, and understand how these insights inform supervisory assessment and risk management.
- Analyse financing solutions for nature and ecosystem restoration and evaluate the role of public and private finance in supporting nature-positive investments.
- Interpret emerging analytical approaches, including forward-looking nature scenarios and recent empirical evidence on how EU credit institutions assess nature-related risks.
- Evaluate evolving policy, regulatory, and supervisory developments, particularly in the EU context, and assess how nature-related risks can be progressively integrated into prudential and financial stability frameworks.
Thursday, 25 June 2026
10.00 – 11.00 Intro – Presentations, Tour de Table, and Ice breaking: how much do you know about nature and finance? A quick assessment
11.00 – 11.30 Coffee break
11.30 – 12.30 Session 1 – Session 1 – Introduction. Nature loss, planetary boundaries, and ecosystem degradation. Perspective from the natural science
12.30 – 13.30 Session 2 – Nature, the economy and the financial sector. The reliance of economic activities on ecosystem services, risks for the financial sector and transmission channels
13.30 – 14.30 Lunch
14.30 – 15.30 Session 3 – Explanation and demo session: the use of ENCORE to identify nature dependencies of economic activities
15.30 – 16.00 Coffee break
16.00 – 17.00 Session 4 – From dependencies to financing solutions: a case study on ecosystem restoration
17.00 – 18.00 Session 5 – An introduction to Nature Scenarios: exploring the latest developments in assessing forward-looking nature risks and insights from a central bank
18.00 – 19.00 Cocktail
Friday, 26 June 2026
09.30 – 10.30 Session 6 – How private banks are responding to nature-related risks? Opportunities and challenges. The experience of Raiffeisen Bank
10.30 – 11.30 Coffee break
11.30 – 13.00 Session 7 – Key insights from the upcoming CETEx report on EU credit institutions’ approaches in assessing nature risks (2020 – 2024)
13.00 – 14.00 Lunch break
14.00 – 15.30 Session 8 – Latest developments on supervisory approaches for assessing nature-related economic and financial risks
15.30 – 17.00 Session 9 – Final Panel
Representatives from financial and insurance supervisors, banks, other financial institutions, professional services (including consultants and law firms), supervisors, international, regional, and domestic development banks, international organisations, and academics.
Course Director
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Elena Almeida
Senior Policy Fellow
Centre for Economic Transition Expertise (CETEx, LSE)
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Laudine Goumet
Policy Analyst
Centre for Economic Transition Expertise (CETEx, LSE)
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Maria del Carmen Sandoval Velasco
Project Coordinator (CBBS)
Robert Schuman Centre for Advanced Studies
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Pierre Schlosser
Deputy Director
Florence School of Banking and Finance
Faculty
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Elena Almeida
Senior Policy Fellow
Centre for Economic Transition Expertise (CETEx, LSE)
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Helena Freitas
Professor of Biodiversity and Ecology
University of Coimbra
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Alexandre Garcia
Deputy head
French Prudential Supervision and Resolution Authority (ACPR)
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Laudine Goumet
Policy Analyst
Centre for Economic Transition Expertise (CETEx, LSE)
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Martina Menegat
Policy Fellow
Centre for Economic Transition Expertise (CETEx, LSE)
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Lea Zicchino
Head of the Macro-Economic & Financial Research Area
Prometeia
Teaching Associate
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Giorgio Falchi
Research Associate
Robert Schuman Centre for Advanced Studies
FULL FEES applicable from 19 March onwards*:
€ 950 – Academics
€ 1900 – Public sector
€ 2100 – Private sector
*Please note that the payment must be settled one week before the start of the course.
The fee includes tuition, access to all course materials and pedagogic activities, coffee and lunch breaks and social activities, as well as a certificate of attendance after the course has been completed. The fee does not include travel and accommodation expenses or other local transportation costs (taxis, private cars).
Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register. Seats for academics are limited.
EARLY BIRD DISCOUNT (-10%), applicable until 18 March COB:
Participants are eligible for the below early bird discount if they register and pay by 18 March 2026. Please note that those who wish to pay a reduced fee for academics must send proof of academic status to fbf@eui.eu in order to verify their eligibility.
€ 855 – Early bird academic*/ € 950 full fee (from 19 March)
€ 1710 – Early bird public sector / € 1900 full fee (from 19 March)
€ 1890 – Early bird private sector / € 2100 full fee (from 19 March)
GROUP DISCOUNT (-15%) for minimum 3 participants from the same institution:
The below group discount applies to 3 or more participants who register for the same course from the same institution. Those wishing to take advantage of the group discount must write an email to fbf@eui.eu, stating the full names of the proposed participants.
€ 807,50 – Group discount academic
€ 1615 – Group discount public sector
€ 1785 – Group discount private sector
CANCELLATION POLICY
Paid registration fee is non-refundable. However, registrant substitution may be made up to 15 days before the start date of the course by contacting fbf@eui.eu.