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Hence, any ESG investment assessment needs to look at the entire (product) life cycle and across the whole supply chain of a company. Successful ESG analysis here would help to improve qualitative investment recommendations and decisions. This report focuses on how to do this by also considering nature-related risks. However, oftentimes ESG-related discussions still seem to be about fundamental questions about ESG as an investment concept. Even though perceptions around ESG have changed significantly recently, discussions among investors about broadening the spectrum of ESG discussion are still too rare.