Scientists believe we’re seeing the largest loss of life since the dinosaurs – and it’s a risk to the global economy. Governments and companies need to work together on solutions

• Don’t get Down to Earth delivered to your inbox? Sign up here

It feels like groundhog day: another week, another warning about the seriousness of the biodiversity crisis. This time it was the financial sector’s turn, as on Monday a major report, approved by more than 150 governments, said that many companies face collapse unless they better protect nature.

From healthy rivers to productive forests, the natural world underpins almost all economic activity. But human consumption of the Earth’s resources is unsustainable, driving what many scientists believe is the largest loss of life since the dinosaurs. And companies are not immune to the consequences.

Economics has failed on the climate crisis. This complexity scientist has a mind-blowing plan to fix that

‘To live a normal life again, it’s a dream come true’: UK’s first climate evacuees can cast off their homes and trauma

‘We’ve lost everything’: anger and despair in Sicilian town collapsing after landslide

‘It sounds apocalyptic’: experts warn of impact of UK floods on birds, butterflies and dormice

Indonesia takes action against mining firms after floods devastate population of world’s rarest ape

‘We thought they would ignore us’: how humans are changing the way raptors behave