Biodiversity Risk encompasses threats from nature loss affecting business operations, supply chains, regulatory compliance, and reputation. Companies face physical risks when ecosystem services they depend on (pollination, water purification, pest control) degrade, and transition risks from regulations protecting biodiversity. For instance, agricultural companies relying on natural pollinators face production risk as bee populations decline globally. The Taskforce on Nature-related Financial Disclosures framework helps organizations assess dependencies and impacts on nature. Physical risks, regulatory changes like the EU Deforestation Regulation, and investor pressure are elevating biodiversity from niche environmental concern to material enterprise risk requiring board-level attention.