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The report demonstrates that nature-related risks are material for African financial institutions, particularly in the agriculture and extractives sectors. Using the TNFD's LEAP approach, it finds that ambitious nature-positive transitions could lead to equity value changes between +2% and -5% and loan book changes between +0.3% and -0.6% by 2030. While aggregate portfolio impacts appear small due to limited sector exposure, specific risks in agriculture and extractives could double expected credit losses for some portfolios. The report highlights critical physical risks, such as water stress affecting 25% of African countries and habitat loss threatening ecotourism in Eastern and Southern Africa. It concludes that African financial institutions face significant capacity and data gaps in implementing nature-related disclosures and recommends an integrated approach that combines climate and nature risk management.

The research quantifies the financial risks that water shortages pose to India's thermal power sector, finding that generation outages can significantly reduce earnings, particularly for plants using once-through cooling technologies.