Nigeria, Feb. 10 -- A new United Nations-backed report has warned that the rapid growth of the global economy is driving unprecedented biodiversity loss, which is posing a serious systemic threat to economic stability, financial systems and human wellbeing,

The finding is contained in a landmark assessment report released on Monday by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES).

In the report, it was concluded that businesses depend on biodiversity and that they directly or indirectly contribute to its decline.

The report, titled "Methodological Assessment Report on the Impact and Dependence of Business on Biodiversity and Nature's Contributions to People", was approved by representatives of more than ...