Version 1
: Received: 25 July 2024 / Approved: 25 July 2024 / Online: 25 July 2024 (11:50:29 CEST)
How to cite:
Senanayake, M.; Harymawan, I.; Dorfleitner, G.; Lee, S.; Rhee, J. H.; Ok, Y. S. Towards More Nature-Positive Outcomes: A Review of Corporate Disclosure and Decision-Making on Biodiversity. Preprints2024, 2024072036. https://doi.org/10.20944/preprints202407.2036.v1
Senanayake, M.; Harymawan, I.; Dorfleitner, G.; Lee, S.; Rhee, J. H.; Ok, Y. S. Towards More Nature-Positive Outcomes: A Review of Corporate Disclosure and Decision-Making on Biodiversity. Preprints 2024, 2024072036. https://doi.org/10.20944/preprints202407.2036.v1
Senanayake, M.; Harymawan, I.; Dorfleitner, G.; Lee, S.; Rhee, J. H.; Ok, Y. S. Towards More Nature-Positive Outcomes: A Review of Corporate Disclosure and Decision-Making on Biodiversity. Preprints2024, 2024072036. https://doi.org/10.20944/preprints202407.2036.v1
APA Style
Senanayake, M., Harymawan, I., Dorfleitner, G., Lee, S., Rhee, J. H., & Ok, Y. S. (2024). Towards More Nature-Positive Outcomes: A Review of Corporate Disclosure and Decision-Making on Biodiversity. Preprints. https://doi.org/10.20944/preprints202407.2036.v1
Chicago/Turabian Style
Senanayake, M., Jay Hyuk Rhee and Yong Sik Ok. 2024 "Towards More Nature-Positive Outcomes: A Review of Corporate Disclosure and Decision-Making on Biodiversity" Preprints. https://doi.org/10.20944/preprints202407.2036.v1
Abstract
Biodiversity loss and nature degradation are pressing issues with huge impacts on our society and economy. Businesses, investors, and regulators focus on corporate efforts to support biodiversity and nature positive actions. This review provides a comprehensive overview about the importance of biodiversity in businesses, the materiality of biodiversity and the role of mandatory and non-mandatory regulations on corporate environmental reporting and sustainability disclosure frameworks. The review also discusses descriptive information on the evolution of sustainability frameworks with a comparison of most prominent sustainability frameworks with a key focus on the materiality approach and biodiversity-related disclosure recommendations. Further, we provide suggestions for more holistic approaches to improve the future sustainability frameworks focusing on the biodiversity impact while showing the necessity of more focus on the decision-making paradigm. Further research on measuring biodiversity impact and innovative trends in sustainability reporting are required to better reflect nature-positive outcomes in corporate sector businesses.
Environmental and Earth Sciences, Sustainable Science and Technology
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
