Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/299594 
Year of Publication: 
2024
Series/Report no.: 
JRC Working Papers in Economics and Finance No. 2024/3
Publisher: 
European Commission, Ispra
Abstract: 
Nature-related financial risks have emerged as critical concerns for policymakers and financial actors. Central to this issue are ecosystem services, which play an integral role in various production processes but may be interrupted due to nature degradation. This article delves into the vulnerability of European SMEs by combining firm-level exposures to ecosystem service dependencies with regional information on the relative abundance of ecosystem services provisioning and the risk of natural hazards. Focusing on long-term debt positions to gauge financial stability implications, the results reveal moderate nature risks for European SMEs at the current stance but also highlight a possible concentration of risks and a need to further refine the use of available indicators.
Subjects: 
ecosystem services
natural capital
nature degradation
physical risks
environmental risks
ENCORE
risk management
SMEs
JEL: 
G21
G38
Q5
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.