Abstract:

Protecting nature is essential for protecting and growing long-term value for businesses, bringing Biodiversity not just a sideline issue for corporations, but a natural capital that companies must preserve for their economic activity, growth and survival. Therefore, the decline in biodiversity poses significant risks to businesses , raising the need for enterprises to understanding and reducing their impact on biodiversity and reflect on this commitment in their annual and sustainability reports. To find out how companies address biodiversity issues and shape related disclosures, we examine data from 2,779 companies that are publicly traded on stock exchanges in 59 different countries, covering the period from 2015 to 2024. Our findings provide evidence that environmentally friendly governance structure leads to more efficient resource use and mitigating impact on biodiversity. Our findings provide a first evidence that provides some support to Natural Capital Based View.

Please choose your submission type: Full Paper

Primary Track: Corporate Governance

Keywords: Sustainable governance (SDG goals)

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Dr. Jyoti Mahadeo