Panda accounting and accountability

Zhao, Longxiang; Atkins, Jill

doi:10.4324/9780429437397-19

Cited by 5 publications

(3 citation statements)

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“…Collaborating with organizations such as WWF (World Wildlife Fund) or IUCN (International Union for Conservation of Nature) can help companies to engage in conservation efforts, and companies are therefore more likely to minimize the extinction crisis (Adler et al, 2018). Partnership engagement will motivate companies to consider species as stakeholders Buchling & Maroun, 2018;Zhao & Atkins, 2018). By supporting this concept, EC/FT companies can commit to achieving SDGs 14 and 15 and can align with long-term value creation.…”

Section: Species and Partnershipsmentioning

confidence: 99%

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: Species and Partnershipsmentioning

confidence: 99%

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

et al. 2021

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“…Cooperating with international organizations such as the WWF (World Wildlife Fund) or the IUCN (International Union for the Conservation of Nature) is a determinant that explains the commitment of companies to biodiversity conservation efforts. In this study we set the goals SDG 14 and SDG 15 of the 2030 agenda as a partnership commitment that will legitimize companies to consider species as stakeholders (Zhao & Atkins, 2018). Along the same lines, companies that commit to complying with the goals of SDGs 14 and 15 are required to protect and conserve nature (WEF, 2020).…”

Section: Methodsmentioning

confidence: 99%

Corporate commitments to biodiversity disclosure and sustainable board. Do NGO directors on board matter? Recent evidence from S&P 500 companies

Toukabri,

Alwadai

2024

J Corp Accounting Finance

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This study analyzes the impact of the characteristics of sustainable boards and NGO directors on biodiversity disclosures. This research uses data from 481 US companies that are taken from Standard & Poor's 500 (S&P), ASSET4, for the period 2009–2020 (5616 company‐year observations). Data on NGO directors is provided by MSCI's GMI Rankings database. A panel data analysis with fixed effects models is used to estimate the results. The results also indicate that a sustainable board structure (proxied by Chief Sustainability Officers (CSOs) and Sustainability‐related executive compensation) is positively correlated with biodiversity disclosure. Our empirical results also show that the moderating role of NGO directors has a greater interaction effect with the characteristics of sustainable boards and biodiversity information disclosure initiatives. The results are also consistent for exploitative and nonexploitative industries, as well as for the pre‐ and post SDG (14–15) of the agenda 2030. In addition, the framework of SDG (14‐15) and the strategic plan of partnership with the Agenda of 2030 show a positive relationship with biodiversity disclosure. We then develop a causal relationship through the positive impact of NGO directors serving on the board of directors on a strategy of partnerships, onboarding, and increase/decrease of NGO directors—possible mechanisms by which NGO directors can influence biodiversity disclosure. Overall, our findings suggest that while NGO directors can potentially be appointed to a company's board of directors for legitimization reasons, these directors are associated with better biodiversity disclosure. The study has valuable implications for enduring board members, practitioners, and scholars. The results are supported by theories of legitimacy, stakeholders and resource dependence. However, evidence on this research question is still unknown and critical, especially in the context of stakeholder‐emphasized governance systems (continental Europe, Japan) and developing countries where there is a lack of knowledge application of regulations related to the disclosure of biodiversity.

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“…Accounting for biodiversity, unless emancipatory in nature, could simply lead to a "fossil record", whereby species are counted, recorded, reported but allowed to die out Atkins and Atkins, 2019). There is an emerging body of work on extinction accounting in the context of specific species, such as panda (Zhao and Atkins, 2019), polar bear (Jon€ all and Sabelfeld, 2019), monarch butterflies (Lanka, 2019) and rhinoceros . There is also research into extinction accounting in the public sector and national parks (Weir, 2018;Buchling and Maroun, 2019;Sibanda and Mulama, 2019), zoos (Rimmel, 2019) and aquaria (Solomon and Clappison, 2019).…”

Section: From Accounting For Biodiversity To Extinction Accountingmentioning

confidence: 99%

Developing a Species Protection Action Plan – An Integrated Approach for Taxonomies, Reporting and Engagement for the Financial Services Sector

Atkins

Macpherson²

2019

SSRN Journal

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Panda accounting and accountability

Cited by 5 publications

References 1 publication

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

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

Corporate commitments to biodiversity disclosure and sustainable board. Do NGO directors on board matter? Recent evidence from S&P 500 companies

Developing a Species Protection Action Plan – An Integrated Approach for Taxonomies, Reporting and Engagement for the Financial Services Sector

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