Mind the gap?! The current state of biodiversity reporting

Zedlitz, Gerrit von

URL:	https://papers.ssrn.com/sol3/papers.cfm?abstract_i...
Weitere URL:	https://www.accounting-for-transparency.de/publica...
Dokumenttyp:	Arbeitspapier
Erscheinungsjahr:	2023
Titel einer Zeitschrift oder einer Reihe:	Working Paper Series / TRR 266 Accounting for Transparency, SFB/Transregio 266
Band/Volume:	103
Ort der Veröffentlichung:	Mannheim [u.a.]
Verlag:	TRR 266 Accounting for Transparency
Sprache der Veröffentlichung:	Englisch
Einrichtung:	Fakultät für Betriebswirtschaftslehre > ABWL u. Unternehmensrechnung (Bischof 2015-) Außerfakultäre Einrichtungen > GESS - CDSB (BWL)
Fachgebiet:	330 Wirtschaft
Fachklassifikation:	JEL: M41 , M48 , Q57 , Q58,
Freie Schlagwörter (Englisch):	biodiversity , voluntary disclosure , ESG reporting , corporate transparency , nature-related risks
Abstract:	Biodiversity loss poses a significant threat to the global economy and affects ecosystem services on which most large companies rely heavily. The severe financial implications of such a reduced species diversity have attracted the attention of companies and stakeholders, with numerous calls to increase corporate transparency. Using both textual analysis and hand-collected disclosures, this study thus investigates the current state of voluntary biodiversity reporting of large European public companies and assesses the extent to which it aligns with the upcoming disclosure framework of the Task Force on Nature-related Financial Disclosures (TNFD). The descriptive results suggest a substantial gap between current reporting practices and the proposed TNFD framework, with disclosures largely lacking quantification, details and clear targets. In addition, the disclosures appear to be relatively unstandardized. Companies in sectors or regions exposed to higher nature-related risks as well as larger companies are more likely to report on aspects of biodiversity. This study contributes to the emerging literature on nature-related risks and provides detailed insights on the extent of the reporting gap in light of the upcoming standards.
Zusätzliche Informationen:	auch als SAFE White Paper No. 95 erschienen