Shaping nature outcomes in corporate settings

Jan Bebbington*, Robert Blasiak, Carlos Larrinaga, Shona Louise Russell, Madlen Sobkowiak, Jean-Baptiste Jouffray, Henrik Österblom

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)
6 Downloads (Pure)

Abstract

Transnational companies have substantive impacts on nature: a hallmark of living in the Anthropocene. Understanding these impacts through company provision of information is a precursor to holding them accountable for nature outcomes. The effect of increasing disclosures (of varying quality) is predicated on ‘information governance’, an approach that uses disclosure requirements to drive company behaviour. However, its efficacy is not guaranteed. We argue that three conditions are required before disclosures have the possibility to shape nature outcomes, namely: (1) radical traceability that links company actions to outcomes in particular settings; (2) developing organizational routines, tools and approaches that translate strategic intent to on-the-ground behaviour; and (3) mobilizing and aligning financial actors with corporate nature ambitions. While disclosure is key to each of these conditions, its limits must be taken into account and it must be nested in governance approaches that shape action, not just reporting.
Original languageEnglish
Article number20220325
Number of pages8
JournalPhilosophical Transactions of the Royal Society B: Biological Sciences
Volume379
Issue number1903
Early online date22 Apr 2024
DOIs
Publication statusPublished - 10 Jun 2024

Keywords

  • Company decision-making
  • Biodiversity accounting
  • Information governance

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