Resource description:
Biodiversity loss is emerging as a major economic risk, yet corporate responses remain uneven. This paper implements a natural-capital-based view (NCBV) of firms to help theorise how corporations are constrained by both their impacts and dependencies on natural capital. The study of 11,812 companies shows that while 29% adopted biodiversity policies by 2018, $7.2 trillion in enterprise value is still exposed to unmanaged biodiversity risk. The gap between awareness and action highlights an urgent need for businesses to integrate nature into their core strategies.
The research was led in partnership between the University of Edinburgh Business School and the School of Geography and the Environment at Oxford University.
Author/Contact:
Carvalho, S. H. C. D., Cojoianu, T., & Ascui, F. (2023). From impacts to dependencies: A first global assessment of corporate biodiversity risk exposure and responses. Business Strategy and the Environment, 32(5), 2600-2614. https://doi.org/10.1002/bse.3142