Biodiversity management and stock price crash risk

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: 33(5), P. 4788 - 4805

Published: March 3, 2024

Abstract This study explores the link between corporate biodiversity management and risk of sudden declines in future stock prices, an area largely overlooked empirical research despite societal significance loss. We posit that robust efforts mitigate suppression negative information, consequently reducing abrupt price declines. Leveraging a global dataset innovative metrics from Moody's ESG Solutions (former Vigero Eiris), our multivariate regression analysis demonstrates companies with stronger structures actions exhibit lower crash risk. In additional analysis, we focus on environmental inspections as possible conduit for releasing information management. Using subsample North American firms were inspected by U.S. Environmental Protection Agency (EPA), find which experience inspection record increase their

Language: Английский

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Manage biodiversity risk exposure?

Finance research letters, Journal Year: 2024, Volume and Issue: 61, P. 104989 - 104989

Published: Jan. 5, 2024

Using event study approach, we examine the investors' reactions to biodiversity-related policy events. We firms that manage their biodiversity risk exposure as well those do not. also industries with varying level of exposure. In days leading up 2021 Kunming Declaration, experience positive abnormal returns, but not in post-event period. The results show returns both pre- and post- case 2022 UN Biodiversity Conference. Unclear economic implications ensuing meetings leave unscathed. market reaction at industry depends on how far-reaching discussions are.

Language: Английский

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Monitoring biodiversity loss in rapidly changing Afrotropical ecosystems: an emerging imperative for governance and research

Philosophical Transactions of the Royal Society B Biological Sciences, Journal Year: 2023, Volume and Issue: 378(1881)

Published: May 29, 2023

Africa is experiencing extensive biodiversity loss due to rapid changes in the environment, where natural resources constitute main instrument for socioeconomic development and a mainstay source of livelihoods an increasing population. Lack data information deficiency on biodiversity, but also budget constraints insufficient financial technical capacity, impede sound policy design effective implementation conservation management measures. The problem further exacerbated by lack harmonized indicators databases assess needs monitor losses. We review challenges with (availability, quality, usability database access) as key limiting factor that impacts funding governance. evaluate drivers both ecosystems change central piece knowledge develop implement policies. While continent focuses more latter, we argue two are complementary shaping restoration solutions. thus underscore importance establishing monitoring programmes focusing biodiversity-ecosystem linkages order inform evidence-based decisions ecosystem Africa. This article part theme issue 'Detecting attributing causes change: needs, gaps solutions'.

Language: Английский

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Managing and accounting for corporate biodiversity contributions. Mapping the field

Business Strategy and the Environment, Journal Year: 2022, Volume and Issue: 32(5), P. 2544 - 2553

Published: June 17, 2022

Abstract Biodiversity loss has been assessed by natural scientists as the key sustainability problem where planetary boundaries are exceeded most dramatically. In contrast to these findings, surveys among companies find that biodiversity receives least priority all issues. This raises question about barriers for corporate management, available accounting and management approaches role of research overcome well motivate managers enable change. conceptual paper maps an emerging field highlights importance support effective management. We propose a framework assess what their impact is on businesses. The helps identify how businesses impacted they can contribute stopping regenerating biodiversity. discusses levers contributions deducts conclusions practice.

Language: Английский

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

Journal of Corporate Accounting & Finance, Journal Year: 2024, Volume and Issue: 35(3), P. 109 - 145

Published: Feb. 20, 2024

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

Language: Английский

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An introduction to key ecological concepts, financial opportunities, and risks underpinning aspirations for nature positive

BioScience, Journal Year: 2024, Volume and Issue: 74(7), P. 450 - 466

Published: April 14, 2024

Global biodiversity is in decline, and businesses society are being required to urgently create new operating models ameliorate the crisis. Among strategies proposed do this, implementing concept of nature positive has captured worldwide attention. Critical its success will be effective collaboration between ecologists businesspeople, driven by a shared understanding key terminology, concepts, risks. To this end, we introduce three core aspects: ecological concepts definition

Language: Английский

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Measuring the Impact of Conservation: The Growing Importance of Monitoring Fauna, Flora and Funga

Diversity, Journal Year: 2022, Volume and Issue: 14(10), P. 824 - 824

Published: Sept. 30, 2022

Many stakeholders, from governments to civil society businesses, lack the data they need make informed decisions on biodiversity, jeopardising efforts conserve, restore and sustainably manage nature. Here we review importance of enhancing biodiversity monitoring, assess challenges involved identify potential solutions. Capacity for monitoring needs be enhanced urgently, especially in poorer, high-biodiversity countries where gaps are disproportionately high. Modern tools technologies, including remote sensing, bioacoustics environmental DNA, should used at larger scales fill taxonomic geographic gaps, tropics, marine freshwater biomes, plants, fungi invertebrates. Stakeholders follow best practices, adopting appropriate indicators using counterfactual approaches measure attribute outcomes impacts. Data made openly freely available. Companies invest collecting required enhance sustainability their operations supply chains. With soon commit post-2020 global framework, time is right a concerted push monitoring. However, action scale needed now if results-based management adequately conserve ecosystem services all depend on.

Language: Английский

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Biodiversity risk and firm performance

SSRN Electronic Journal, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 1, 2024

Download This Paper Open PDF in Browser Add to My Library Share: Permalink Using these links will ensure access this page indefinitely Copy URL DOI

Language: Английский

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Biodiversity reporting by United Kingdom (UK)‐listed companies: A review of extent, content and readability of disclosures

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: unknown

Published: July 30, 2024

Abstract This study examines biodiversity reporting by UK‐listed companies. An instrument is developed, based on earlier research, and used to analyse biodiversity‐related disclosures as either policy considerations or actions taken conserve biodiversity. A mixed design employed. The extent of reporting, information content their readability are provide an overarching perspective how firms internalise Outliers identified reports examined interpretively identify leading reporters understand a imperative factor it into operational managerial performances. qualitative analysis highlights best practices that can be other entities interested in developing the accounting management infrastructure necessary for comprehensively Best are, however, isolated stand stark contrast with organisations dealing average. At level, there little defined rationale wanting protect When comes performance, few setting detailed targets linked clearly plans, risk assessments key performance indicators. Post‐implementation reviews conservation initiatives seldom conducted not being factored valuations, cost project appraisals. Understanding these limitations timely given international community's recent efforts develop standards extra‐financial reporting. results will relevant regulators, scholars practitioners advancing quality factoring mainstream business discourses.

Language: Английский

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Firm biodiversity risk, climate vulnerabilities, and bankruptcy risk

Journal of International Financial Markets Institutions and Money, Journal Year: 2024, Volume and Issue: 97, P. 102075 - 102075

Published: Nov. 4, 2024

Language: Английский

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