Carbon is on the books. Nature is not - yet. The nexus of climate change and nature loss is an emerging financial risk that could shape the cost of capital, asset values and business resilience for decades. While carbon accounting is increasingly embedded in corporate reporting, nature-related risks and opportunities remain less understood, leaving potential exposures unpriced and unmanaged. Hosted by AICPA & CIMA in Midtown New York, this dynamic event brings together market leaders, reporting experts and investors to explore how nature is being integrated into financial decision-making, valuation and reporting. Discussions will cover evolving frameworks, investor and business perspectives, and emerging approaches to investing in natural capital and nature-positive solutions. Expect an energised, thought-provoking and practical exchange of insights and ideas - with real audience participation, not a lecture. What we mean by "nature" Not scenery - an asset base. In financial terms, nature is the living world treated as stock that produces flows of value to business and the economy. Natural capital The stock of natural resources - forests, soils, freshwater, air, biodiversity, minerals - that combine to yield benefits to people and business. Ecosystem services The flows those stocks produce: pollination, water filtration, flood and storm protection, soil fertility, climate regulation, raw materials. Nature-related risk The financial exposure created as those stocks degrade: supply disruption, asset impairment, higher input costs, stranded assets, regulatory and litigation risk, and a repriced cost of capital. Nature-positive The ambition to halt and reverse nature loss against a baseline - not simply to slow the decline. Why it is harder than carbon: climate reduces to one global, measurable metric. Nature is local, multi-dimensional and resists a single number - which is precisely why it still sits off the balance sheet. The programme All times Eastern. Refreshments are available throughout, and the afternoon closes with networking drinks and nibbles. Time Session Speakers 3:00 - 3:30pm Registration and networking over tea and coffee 3:30 - 3:35pm Welcome Tom Hood, AICPA & CIMA 3:35 - 3:50pm Setting the Stage: Why Nature Is Becoming a Balance Sheet Issue Stephanie Cardenas, Nature and Sustainability Strategist 3:50 - 4:15pm What Nature Is Worth: The Next Frontier in Markets, Capital, and Corporate Strategy Andrea Serra (Moderator);Mark Capanale, Planet Tracker / Carbon Tracker;Danielle Chesebrough, Sustainable Stock Exchange 4:15 - 5:10pm Valuing Nature: Practical Challenges and Emerging Approaches for Business and Investors Brad Spark (Moderator);Renee Pichard, Deloitte and IPSASB member;Ruth Tang, KPMG;Nitkita Asthana, Olam Agri;Adam Kanzer, BNP Paribas Asset Management 5:10 - 5:15pm Closing Remarks Jeremy Osborn, AICPA & CIMA 5:15 - 6:00pm Networking drinks and nibbles