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:10.1002/bse.2649

Cited by 76 publications

(48 citation statements)

References 85 publications

(238 reference statements)

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“…B/E accounting is an extension of corporate social responsibility (CSR) and environment, social and governance (ESG) reporting . Consistent with CSR and ESG studies, Roberts, Hassan, Elamer, et al (2020) identify theoretical framework applied in B/E literature is predominantly legitimacy and impression management. Legitimacy theory explains positive disclosures help organisations to gain, maintain or repair legitimacy (Suchman, 1995).…”

Section: Theoretical Perspectivementioning

confidence: 79%

Corporate accountability for biodiversity and species extinction: Evidence from organisations reporting on their impacts on nature

2021

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The aim of this paper is to investigate to what extent organisations disclose on accountability for biodiversity and species extinction (B/E). We present some examples of what disclosure looks like from forward‐thinking companies that have been engaging in tremendous efforts to protect and preserve nature. Our justification for this paper is to provide guidance and encourage other companies to disclose transparently. We believe that B/E accountability is essential in post Covid‐19 reporting as the lack of valuing, promoting and investing in biodiversity is considered to be one of the main drivers of the Covid‐19 pandemic. The study's sample is the Top 200 companies from the Fortune Global with the years 2012, 2014 and 2016 and companies' websites in 2019. We believe that our paper is providing some guidance on how to repair nature and eliminate biodiversity loss. This is because organisations are reliant on natural capital resources for survival. Also, biodiversity loss and extinction can significantly affect social, economic and financial viability for survival. Our results have some implications for practitioners, policymakers and academics.

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Section: Theoretical Perspectivementioning

confidence: 79%

Corporate accountability for biodiversity and species extinction: Evidence from organisations reporting on their impacts on nature

2021

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“…Human activities today have more damaging impacts on biodiversity and ecosystems than ever before. The scale of biodiversity loss, the destruction of natural habitats and the increasing number of threatened species are posing significant challenges for sustainable development and economic survival for many businesses (Boiral & Heras-Saizarbitoria, 2017;Elmagrhi et al, 2019;Haque & Jones, 2020;Roberts et al, 2021)-urging corporations to revisit their business strategies to demonstrate strong corporate commitment to minimize environmental impacts. Furthermore, in response to this rapid velocity of environmental degradation, the United Nations (UN) on 22 December 2010 called upon all its member states to combat biodiversity loss at priority bases (Resolution 65/161).…”

Section: Introductionmentioning

confidence: 99%

Biodiversity disclosure, sustainable development and environmental initiatives: Does board gender diversity matter?

2021

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Modern-day corporations are under intense stakeholder pressure to incorporate environmentalism, particularly biodiversity initiatives, into their business strategy.Building on upper echelon and gender socialization theories, we investigate the effect of board gender diversity (BGD) on the biodiversity initiatives undertaken by firms for the restoration and rehabilitation of damaged ecosystems and/or to minimize their environmental impacts. Using data on 2406 US firms covered in the ASSET4 database for the period 2002-2018 (15,337 firm-year observations), we document a significant positive association between BGD and both biodiversity restoration protection and impact reduction initiatives. Our findings are consistent for exploitative and nonexploitative industries, as well as for the pre-and post-UN resolution on conservation of biodiversity periods. We further develop a causal relationship through the positive impact of BGD on management environment training and environmental partnerships-possible mechanisms by which BGD may impact biodiversity initiatives. The results suggest that BGD is vital for developing strategies concerning the restoration, protection and impact reduction of biodiversity and ecosystems. Our findings are of interest to legislators and regulators who are interested in assessing biodiversity initiatives, improving environmental policies and promoting gender diversity in company director boards.

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“…The SLR is designed to manage the synthesising of contradictory evidence and relies on pre-specified criteria to mitigate against bias (Alhossini et al, 2021). Similar to Roberts et al (2021), we identify papers based on a focus research area, keyword search, and papers in the English language. To obtain fog index articles, we retrieve articles from key accounting journals.…”

Section: 1systematic Review Protocolmentioning

confidence: 99%

The fog index in accounting research: contributions and challenges

Efretuei

Hussainey

2022

JAAR

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PurposeThe objective of this paper is to review the use of the fog index in accounting research.Design/methodology/approachThis paper uses a systematic literature review (SLR) methodology with a sample of 126 accounting research articles. The review applies the theoretical framework of disclosure's stewardship, valuation and accountability roles to identify the contributions and challenges of using the fog index in accounting research.FindingsThis paper shows that the primary contribution of the fog index to accounting research relates to the disclosure obfuscation hypothesis (e.g. whether management obfuscates narratives associated with earnings). It also finds that the challenge in using the fog index is in disentangling its measure of firm environmental complexity from narrative obfuscation. Regarding disclosure utility, there is limited evidence on the differential effects of complexity on investor types and whether the fog index findings are associated with narrative obfuscation or firm environmental complexity is driven by investor types.Research limitations/implicationsThe authors develop a research database of fog index studies categorised based on contributions to disclosure obfuscation or disclosure utility, highlighting contributions to the stewardship, valuation and accountability roles of disclosures, which researchers can use to develop future studies.Originality/valueThis paper contributes to accounting literature by offering the first comprehensive review on the use of the fog index in accounting research. It offers researchers a consolidated review of the study of linguistic complexity of accounting information and disclosure functions using a theoretical framework that can inform regulators, policymakers and future researchers in designing future research/policy.

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Biodiversity and extinction accounting for sustainable development: A systematic literature review and future research directions

Cited by 76 publications

References 85 publications

Corporate accountability for biodiversity and species extinction: Evidence from organisations reporting on their impacts on nature

Corporate accountability for biodiversity and species extinction: Evidence from organisations reporting on their impacts on nature

Biodiversity disclosure, sustainable development and environmental initiatives: Does board gender diversity matter?

The fog index in accounting research: contributions and challenges

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