Mistra FinBio — MISTRA Finance to Revive Biodiversity — is a transdisciplinary research programme launched in November 2022 and hosted by the Stockholm Resilience Centre at Stockholm University. It operates as a partnership between academic institutions and financial actors, providing cutting-edge research that connects the financial system with biodiversity science and creating a platform designed for real-world impact. The programme addresses the growing recognition that biodiversity loss poses systemic risks to economies and the financial system, and that the financial sector must play an active role in reversing these trends.

Mistra FinBio’s mission is to support the financial sector’s capacity to contribute to a nature-positive economy, enhancing the resilience of our planet by reversing the loss of nature and biodiversity. The programme focuses on developing methods, metrics, and tools to help financial actors understand, manage, and reduce nature-related impacts and risks — while identifying business models that protect or strengthen existing biodiversity. Its research spans accounting, biodiversity science, economics, philosophy, finance, and sustainability science, with a particular emphasis on translating scientific knowledge into actionable, decision-relevant insights for investors and corporations.

Mistra FinBio is hosted by the Stockholm Resilience Centre at Stockholm University and is primarily funded by Mistra, the independent Swedish Foundation for Strategic Environmental Research. The programme is led by Professor Garry Peterson as Programme Director, with Professor Beatrice Crona serving as Senior Scientific Advisor. It brings together a multi-institutional academic consortium alongside a network of financial “impact partners” — including Nordea, AP7, Pictet Asset Management, VC2050, Sustainable Finance Lab, Natural Capital Alliance, and UN PRI — spanning banking, public equity investment, venture capital, and asset management. These partners contribute investment expertise and help translate research outputs into broader financial system change.

Mistra FinBio operates in multi-year phases. Phase I (2023–2026) focused on foundational research, including environmental DNA methods for biodiversity monitoring, development of the Earth System Impact (ESI) portfolio assessment tool, and the INFORM framework for investor decision-making. Phase II (2027–2031), which secured SEK 50 million in continued Mistra funding, will build on this work across four themes: data, futures, risk and resilience, and translation to practice. Programme outputs include scientific publications, reports and whitepapers, executive education and training for financial institutions, policy engagement, and sector-specific guidance to support practical change in financial decision-making.