Trevor Allen, Head of Sustainability Research   Sumati Semavoine-Jain, Sustainability Research Analyst  As we concluded in Biodiversity: The price and value of natural capital, progress in measuring and correcting externalities is under way. The COP15 dedicated summit on biodiversity is finally taking place this month and will set the bar for the coming decade. We present a biodiversity basket in the fixed income space that gathers our high conviction issuers, committed to reversing biodiversity loss. In our view, credit portfolios would welcome such exposure, which would contribute to diversifying away from financials and utilities. We expect investor demand for biodiversity-related corporates to increase as the theme gains political traction. BNP Paribas London Branch | Global Markets (Recorded 7 December 2022)     For more information, please refer to https://markets360.bnpparibas.com    For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf