Biodiversity loss as material risk: Tracking the changing meanings and materialities of biodiversity conservation

► This paper traces key actors producing 'biodiversity loss as material risk'. ► It outlines some of the challenges, paradoxes and implications of this transformation. ► It examines new methodologies for assessing biodiversity 'business risks'. ► The paper concludes that such methodologies are producing new investment spaces. ► They are also re-defining what biological diversity is and why it matters (or not).