Biodiversity and Extinction Accounting for Sustainable Development: A Systematic Literature Review and Future Research Directions

Roberts, Lee; Hassan, Abeer; Elamer, Ahmed A.; Nandy, Monomita

doi:10.2139/ssrn.3692014

Cited by 21 publications

(48 citation statements)

References 62 publications

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“…We respond to the previous call (Gaia & Jones, 2019 ) that a single theory is not adequate in explaining B/E disclosure, by adopting a triangulation of deep ecology, legitimacy, and stakeholder theories. By applying deep ecology and stakeholder concepts, we support the argument of Roberts et al ( 2020b ), who suggest that species are of fundamental value to business survival and are main stakeholders in society; therefore, companies should consider species as an important stakeholder of their business. Legitimacy theory can explain how a company’s legitimacy can be achieved by considering species as important as other stakeholders in company operations.…”

Section: Introductionsupporting

confidence: 75%

“…Flowing from extant literature, this paper builds on these bodies of work to empirically examine company disclosure on species and what factors motivate relationships for such disclosure. This research responds to Roberts et al ( 2020b ) who identify the urgency in B/E literature for the examination of species protection disclosure to extend knowledge in the field and contribute to advancing solutions.…”

Section: Introductionmentioning

confidence: 52%

“…Hassan et al ( 2020b ) exclusively find a positive association between B/E disclosure and companies gaining environmental awards. Based on this discussion, our motivation is to extend extant literature and expect companies who disclose species to gain environmental awards, and by doing so, deep ecology supports that they have considered species as stakeholders (Roberts et al, 2020b ) in their reporting in order to address the extinction crisis responsibly.…”

Section: Empirical Literature Review and Hypotheses Developmentmentioning

confidence: 99%

“…Theoretically, we recognize a limitation within stakeholder literature that prior studies have failed to recognize or explain for the prevention of further species loss. Roberts et al ( 2020b ) argue that species should be included as a main stakeholder with the established groups of employees, NGOs, government agencies, environmental groups, and customers (Jones, 1995 ; Schaltegger et al, 2017 ). We believe that for deep ecology to be embedded in corporate strategy, species of flora and fauna should be considered as one of the main stakeholders’ categories, discarding human hierarchy, for companies to protect and restore species and their habitats.…”

Section: Theoretical Literature Reviewmentioning

confidence: 99%

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Corporate Accountability Towards Species Extinction Protection: Insights from Ecologically Forward-Thinking Companies

et al. 2021

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This paper contributes to biodiversity and species extinction literature by examining the relationship between corporate accountability in terms of species protection and factors affecting such accountability from forward-thinking companies. We use triangulation of theories, namely deep ecology, legitimacy, and we introduce a new perspective to the stakeholder theory that considers species as a ‘stakeholder’. Using Poisson pseudo-maximum likelihood (PPML) regression, we examine a sample of 200 Fortune Global companies over 3 years. Our results indicate significant positive relations between ecologically conscious companies that are accountable for the protection of biodiversity and species extinction and external assurance, environmental performance, partnerships with socially responsible organizations and awards for sustainable activities. Our empirical results appear to be robust in controlling for possible endogeneities. Our findings contribute to the discussion on the concern of species loss and habitat destruction in the context of corporate accountability, especially in responding to the sixth mass extinction event and COVID-19 crisis. Our results can also guide the policymakers and stakeholders of the financial market in better decision making.

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Section: Introductionsupporting

confidence: 75%

Section: Introductionmentioning

confidence: 52%

Section: Empirical Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Section: Theoretical Literature Reviewmentioning

confidence: 99%

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Corporate Accountability Towards Species Extinction Protection: Insights from Ecologically Forward-Thinking Companies

et al. 2021

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“…The loss of biodiversity is considered one of the greatest threats to economic development and human life (Haque & Jones, 2020;Roberts et al, 2021;Skouloudis et al, 2019). According to World Economic Forum (2021), the loss of biodiversity is ranked 4 th in the top ten global risks because it will have irrevocable penalties for human life, the natural environment, and economic activity.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Audit Committee Characteristics on Corporate Biodiversity Disclosure: An Analysis of Japanese Firms

Amin

Iqbal

Makki

2021

JBSEE

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The objective of the study is to examine the impact of audit committee (AC) characteristics on corporate biodiversity disclosure by using the data of Japanese listed firms. For this purpose, the empirical data has been collected from corporate reports. The study develops hypotheses about the relationship between corporate biodiversity disclosure and AC characteristics such as size, independence, gender diversity, independent chair, frequency of meetings, and financial expertise. We use panel regression (fixed effects model) to test the proposed hypotheses. The empirical results depict that the AC size, gender diversity, AC meetings, and financial expertise significantly impact corporate biodiversity disclosure. However, the AC independence and independence of the chair are not significant. The findings of this study may help regulators, policymakers, investors, shareholders, and managers in assessing and monitoring the corporate biodiversity disclosure in light of AC characteristics.

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Offering flexible working opportunities to people with mental disabilities: The missing link between sustainable development goals and financial implications

2021

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A global response to Covid-19 pandemic has triggered issues related to stress and social restrictions; thus, mental health is seen as a particular area of concern for social well-being for both policymakers and corporate regulators/companies. Given that mental health intersects with most, if not all, of the 17 sustainable development goals (SDGs), this research brought to light issues surrounding employment of people with mental disabilities (PWMDs) and the financial merits of employing them. An online survey was administered to PWMDs to elicit what possible flexible opportunities could enable them to gain or stay at work. Interviews were also conducted with human resource managers and financial managers. Our results show that there are currently no flexible working opportunities available for PWMDs, which could enable them work effectively to improve both self and general economic growth. The findings of this study will enable employers to explore the financial benefits of employing PWMDs and also aid the government to create better policies to boost employers' commitment to employing PWMDs and achieve some of the UN SDGs.

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Biodiversity and Extinction Accounting for Sustainable Development: A Systematic Literature Review and Future Research Directions

Cited by 21 publications

References 62 publications

Corporate Accountability Towards Species Extinction Protection: Insights from Ecologically Forward-Thinking Companies

Corporate Accountability Towards Species Extinction Protection: Insights from Ecologically Forward-Thinking Companies

The Impact of Audit Committee Characteristics on Corporate Biodiversity Disclosure: An Analysis of Japanese Firms

Offering flexible working opportunities to people with mental disabilities: The missing link between sustainable development goals and financial implications

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