ABSTRACT

The planet is currently experiencing a mass extinction event, with human and business activity being the root cause of species loss and habitat destruction. Industries, companies, banks, investors, accountants and auditors have all played their role. This book explores how they can also provide a solution.

The book presents plans, metrics, frameworks, mechanisms and financial innovations that can be, and are being, implemented through the financial markets in order to save and protect species, enhance biodiversity and, at the same time, preserve the financial markets and the business world.

This biodiversity handbook addresses the intersection between species extinction and the global capitalist system. With contributions from leading non-governmental organisations such as the Capitals Coalition, Business for Nature, the Ecojustice Foundation, ShareAction and the Endangered Wildlife Trust, plus senior researchers in the field, as well as industry experts from Moody’s, EOS at Hermes Federated Investment Management, BlueBay Asset Management, ODDO BHF Asset Management and OSSIAM (to mention just a few), this book is at the forefront of addressing the crucially important topics of extinction accounting, finance and governance.

Drawing on leading research, the book is written in an accessible style and is relevant to researchers and students in the fields of sustainability, governance, accounting, finance, corporate social responsibility and corporate governance. It is essential reading for investors, responsible investors, bankers, business leaders and policy makers in the field of sustainable financial markets. Given the interdisciplinary nature of this book, it is useful to conservationists, ecologists and others involved in species and biodiversity protection.

chapter |10 pages

Introduction

Why Are Species Extinction and Biodiversity Collapse Relevant to the Financial Markets, Accounting and Governance?
ByJill Atkins, Martina Macpherson

part I|67 pages

Defining Extinction Governance, Extinction Accounting and Extinction Finance

chapter 1|43 pages

Extinction Accounting, Finance and Engagement

Implementing a Species Protection Action Plan for the Financial Markets
ByJill Atkins, Martina Macpherson

chapter 2|22 pages

Extinction Governance

Establishing a Framework for Extinction Accounting, Accountability and Finance
ByMervyn E. King, Jill Atkins, Warren Maroun

part II|148 pages

The Urgent State of Nature

chapter 3|8 pages

Business, Extinction and the Future of Species

Moving from Good Intention to Action against Species Extinction
ByMxolisi Sibanda

chapter 4|14 pages

Business for Nature

How Businesses Can Save Species and Preserve Biodiversity
ByEva Zabey, Carmen Thissen

chapter 5|12 pages

Heal Rewilding

A Landowning Model for Species Recovery
ByJan Stannard, Hannah Needham, Shân M. Millie

chapter 6|24 pages

Oil Palm Industry and Biodiversity Loss

Enhancing Governance through the Sustainability Policy Transparency Toolkit (SPOTT)
ByGunnar Rimmel, Maizatulakma Abdullah

chapter 7|29 pages

Cultural and Religious Aspects of Extinction Governance in the Middle East

Accounting for Camels in the Israeli Context
ByMira Lieberman

chapter 8|35 pages

Middle Eastern Extinctions

Building a Religious Motivation for Species Protection
ByTariq Almontaser, Jill Atkins, Ali Elfadli, Abdullah Eskandrany, Abeer Hassan, Omar Mowafi, Simon Norton, Mohamed Saeudy

chapter 9|14 pages

The Need for Good Governance in Securing Environmental Justice

BySteve Trent

part III|209 pages

Extinction Finance

chapter 11|53 pages

‘Extinction Bonds’ Addressing Biodiversity Issues through Sustainable Finance

ByMartina Macpherson, Christoph Biehl

chapter 12|15 pages

From Active to Passive

Establishing a Framework for a Biodiversity Index Solution
ByErica Zanella, Thomas Montagnon

chapter 13|11 pages

Biodiversity and Sustainability Ratings

From Data to Assessments 1
ByAnna Zubets-Anderson, Marie Lehmann

chapter 14|10 pages

Assessing Financial Exposure to Biodiversity Risks through Corporate Facility Mapping 1

ByLéonie Chatain, Nathalie Borgeaud, Natalie Ambrosio Preudhomme

chapter 15|30 pages

How to Improve Biodiversity-Related Information

ByAndrea Gasperini, Sonia Artuso

chapter 16|13 pages

Green Bonds from an Integrated Thinking Perspective

ByWayne van Zijl, Dannielle Cerbone, Warren Maroun

chapter 17|11 pages

The Wildlife Conservation Bond

Exploring New Market Mechanisms for Protecting Endangered Species
ByNnamdi Okolo

chapter 19|8 pages

The Investors' Policy Dialogue on Deforestation (IPDD) Case Study

A Collaborative Engagement Initiative with Governments to Mitigate Investment Impacts Resulting from Deforestation
ByMy-Linh Ngo, Magdalena Kettis, Emine Isciel, Danielle Carreira

chapter 20|8 pages

Ending Extinction

Taking Action to Transform the Financial System
ByNick Robins

chapter 21|28 pages

Extinction Accounting and Finance in Italy

The Case of Fineco Bank
ByFederica Doni, Silvio Bianchi Martini, Antonio Corvino

part IV|78 pages

Extinction Engagement

chapter 22|16 pages

The Global Asset Management Industry's Response to the Biodiversity Crisis

ByKrystyna Springer

chapter 23|12 pages

Engaging to Protect and Restore Biodiversity

BySonya Likhtman

chapter 24|10 pages

Biodiversity Loss and Its Impact

A Practical Implementation in Portfolio Construction
ByClarisse Simonek, Carmine de Franco

chapter 26|34 pages

Revealing Plato's ‘Shadow Kingdom’

Rendering Pandemic Risk Explicit in Extinction Engagement
ByJill Atkins, Federica Doni, Abeer Hassan, Warren Maroun

part V|34 pages

Extinction Accounting

chapter 28|7 pages

The Biodiversity Disclosure Project

From Business Mainstreaming Guidelines, the Biodiversity Performance Rating of Listed Companies to the Biological Diversity Protocol
ByY. Friedman, C. Hoogstad, A. Cherrington, H.T. Davies-Mostert, M. Murison, J. Houdet

chapter 29|19 pages

Research Methods

The Role of Ecolinguistic Analysis in Species Protection – A Toolkit for Practitioners and Academics
ByMira Lieberman

part VI|19 pages

Reflections and Conclusion

chapter 30|6 pages

Extinction, Biodiversity Loss and COVID-19

Searching for Meaning 1
ByBarry Atkins

chapter 31|11 pages

Hope for the Future

A CREATIIIVE Approach to Extinction Governance, Accounting and Finance
ByJill Atkins, Martina Macpherson