ABSTRACT
Biodiversity and extinction accounting have been receiving greater attention as areas for research and debate in the past ten years, expounded by the emergence of COVID-19. This chapter introduces a framework from which we can rethink biodiversity and species extinction accounting, in addition to ESG metrics, that will shift our lens from “doing less bad” towards a “value-adding” assessment. Porter’s transactional view assesses value created in a fixed moment in time or for a fixed unit of production. The big challenge for the biodiversity and extinction accounting practice is to explore how to move beyond the confines and comfort of checkboxes and measures based on an oversimplified and human-centric notion of ecosystems services and natural capital.
