Extinction Governance, Finance and Accounting: Implementing a Species Protection Action Plan for the Financial Markets

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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.

Author(s): Jill Atkins, Martina Macpherson
Publisher: Routledge
Year: 2022

Language: English
Pages: 610
City: London

Cover
Half Title
Title Page
Copyright Page
Dedication
Table of Contents
Notes on Contributors
Foreword
Preamble
Introduction: Why Are Species Extinction and Biodiversity Collapse Relevant to the Financial Markets, Accounting and Governance?
PART I: Defining Extinction Governance, Extinction Accounting and Extinction Finance
1 Extinction Accounting, Finance and Engagement: Implementing a Species Protection Action Plan for the Financial Marke ts
2 Extinction Governance: Establishing a Framework for
Extinction Accounting, Accountability and Finance
PART II: The Urgent State of Nature: Addressing Extinction and Biodiversity Decline
3 Business, Extinction and the Future of Species: Moving
from Good Intention to Action against Species Extinction
4 Business for Nature: How Businesses Can Save Species and
Preserve Biodiversity
5 Heal Rewilding: A Landowning Model for Species Recovery
6 Oil Palm Industry and Biodiversity Loss: Enhancing
Governance through the Sustainability Policy
Transparency Toolkit (SPOTT)
7 Cultural and Religious Aspects of Extinction Governance in the Middle East: Accounting for Camels in the Israeli Context
8 Middle Eastern Extinctions: Building a Religious Motivation for Species Protection
9 The Need for Good Governance in Securing Environmental Justice
10 A Regenerative Approach to Biodiversity and Species Extinction Accounting
PART III: Extinction Finance: How Financial Market Mechanisms Can Save Species
11 ‘Extinction
Bonds’ Addressing Biodiversity Issues through
Sustainable Finance
12 From Active to Passive: Establishing a Framework for a Biodiversity Index Solution
13 Biodiversity and Sustainability Ratings: From Data to Assessments
14 Assessing Financial Exposure to Biodiversity Risks through Corporate Facility Mapping
15 How to Improve Biodiversity-Related Information
16 Green Bonds from an Integrated Thinking Perspective
17 The Wildlife Conservation Bond: Exploring New Market Mechanisms for Protecting Endangered Species
18 Exploring a Mechanism with Emancipatory Potential for
‘Business
and Biodiversity’ in China: ‘Ant
Forest’
19 The Investors’ Policy Dialogue on Deforestation (IPDD)
Case Study: A Collaborative Engagement Initiative with
Governments to Mitigate Investment Impacts Resulting
from Deforestation
20 Ending Extinction: Taking Action to Transform the Financial System
21 Extinction Accounting and Finance in Italy: The Case of Fineco Bank
PART IV: Extinction Engagement: How Investors Can Save Species
22 The Global Asset Management Industry’s Response to the Biodiversity Crisis
23 Engaging to Protect and Restore Biodiversity
24 Biodiversity Loss and Its Impact: A Practical Implementation in Portfolio Construction
25 Addressing the Ecological Transition through
Environmental, Social and Governance Investing Powered
by Artificial Intelligence and Fintech
26 Revealing Plato’s ‘Shadow
Kingdom’: Rendering
Pandemic Risk Explicit in Extinction Engagement
PART V: Extinction Accounting: How Accounting Can Save Species
27 The Impact of the Natural Capital and Biodiversity Crises
on the Corporate and Investment Value Chain
28 The Biodiversity Disclosure Project: From Business
Mainstreaming Guidelines, the Biodiversity Performance
Rating of Listed Companies to the Biological
Diversity Protocol
29 Research Methods: The Role of Ecolinguistic Analysis in
Species Protection
– A
Toolkit for Practitioners and Academics
PART VI: Reflections and Conclusion: Establishing a Framework for Action
30 Extinction, Biodiversity Loss and COVID-
19:
Searching
for Meaning
31 Hope for the Future: A CREATIIIVE Approach to
Extinction Governance, Accounting and Finance
Index