Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?

[EN] All industries depend on natural capital assets and ecosystem services, either directly, through their supply chains, or through their investments. Companies are therefore challenged to reorient their production systems and turn the conservation and sustainable use of biodiversity into an oppor...

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Authors: Ali, Rizwan, García Sánchez, Isabel María, Aibar‐Guzmán, Beatriz, Rehman, Ramiz ur
Format: article
Status:Published version
Publication Date:2024
Country:España
Institution:Universidad de Salamanca (USAL)
Repository:GREDOS. Repositorio Institucional de la Universidad de Salamanca
OAI Identifier:oai:gredos.usal.es:10366/163615
Online Access:http://hdl.handle.net/10366/163615
Access Level:Open access
Keyword:Biodiversity
Institutional investors
Environmental disclosures
Environmental policy
Board of directors
Institutional directors
Ecosystem
Value chain
2502 Climatología
5311.02 Gestión Financiera
id ES_97d4533fe8aeea1b2477a39e8f81b6aa
oai_identifier_str oai:gredos.usal.es:10366/163615
network_acronym_str ES
network_name_str España
repository_id_str
spelling Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?Ali, RizwanGarcía Sánchez, Isabel MaríaAibar‐Guzmán, BeatrizRehman, Ramiz urBiodiversityInstitutional investorsEnvironmental disclosuresEnvironmental policyBoard of directorsInstitutional directorsEcosystemValue chain2502 Climatología5311.02 Gestión Financiera[EN] All industries depend on natural capital assets and ecosystem services, either directly, through their supply chains, or through their investments. Companies are therefore challenged to reorient their production systems and turn the conservation and sustainable use of biodiversity into an opportunity for sustainable economic development. In this paper, we analyze the interest of institutional investors in these corporate policies through the role they play in the disclosure that companies make about them. For a balanced data panel of 8,320 firm-year observations from 832 global companies operating in different sectors of activity over the period 2011–2020, the results obtained indicate that institutional investors, especially those with investment a long-term investment horizon, are interested in biodiversity commitments and exercise their demand for information on these initiatives through their representatives on the board of directors. Furthermore, we show that companies are rewarded for disclosing relevant information on business policies, biodiversity management, and the valuation of ecosystem services in the value chain.This work was supported by Junta de Castilla y León y Fondo Europeo de Desarrollo Regional under Grant CLU-2019-03 Unidad de Excelencia “Gestion Económica para la Sostenibilidad” (GECOS); and by Xunta de Galicia under Grant 2020 GPC GI-2016.Wiley202520252024info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://hdl.handle.net/10366/163615reponame:GREDOS. Repositorio Institucional de la Universidad de Salamancainstname:Universidad de Salamanca (USAL)InglésCLU-2019-032020 GPC GI-2016Attribution-NonCommercial-NoDerivatives 4.0 Internacionalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:gredos.usal.es:10366/1636152026-06-07T06:28:51Z
dc.title.none.fl_str_mv Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?
title Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?
spellingShingle Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?
Ali, Rizwan
Biodiversity
Institutional investors
Environmental disclosures
Environmental policy
Board of directors
Institutional directors
Ecosystem
Value chain
2502 Climatología
5311.02 Gestión Financiera
title_short Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?
title_full Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?
title_fullStr Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?
title_full_unstemmed Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?
title_sort Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?
dc.creator.none.fl_str_mv Ali, Rizwan
García Sánchez, Isabel María
Aibar‐Guzmán, Beatriz
Rehman, Ramiz ur
author Ali, Rizwan
author_facet Ali, Rizwan
García Sánchez, Isabel María
Aibar‐Guzmán, Beatriz
Rehman, Ramiz ur
author_role author
author2 García Sánchez, Isabel María
Aibar‐Guzmán, Beatriz
Rehman, Ramiz ur
author2_role author
author
author
dc.subject.none.fl_str_mv Biodiversity
Institutional investors
Environmental disclosures
Environmental policy
Board of directors
Institutional directors
Ecosystem
Value chain
2502 Climatología
5311.02 Gestión Financiera
topic Biodiversity
Institutional investors
Environmental disclosures
Environmental policy
Board of directors
Institutional directors
Ecosystem
Value chain
2502 Climatología
5311.02 Gestión Financiera
description [EN] All industries depend on natural capital assets and ecosystem services, either directly, through their supply chains, or through their investments. Companies are therefore challenged to reorient their production systems and turn the conservation and sustainable use of biodiversity into an opportunity for sustainable economic development. In this paper, we analyze the interest of institutional investors in these corporate policies through the role they play in the disclosure that companies make about them. For a balanced data panel of 8,320 firm-year observations from 832 global companies operating in different sectors of activity over the period 2011–2020, the results obtained indicate that institutional investors, especially those with investment a long-term investment horizon, are interested in biodiversity commitments and exercise their demand for information on these initiatives through their representatives on the board of directors. Furthermore, we show that companies are rewarded for disclosing relevant information on business policies, biodiversity management, and the valuation of ecosystem services in the value chain.
publishDate 2024
dc.date.none.fl_str_mv 2024
2025
2025
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10366/163615
url http://hdl.handle.net/10366/163615
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv CLU-2019-03
2020 GPC GI-2016
dc.rights.none.fl_str_mv Attribution-NonCommercial-NoDerivatives 4.0 Internacional
http://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution-NonCommercial-NoDerivatives 4.0 Internacional
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Wiley
publisher.none.fl_str_mv Wiley
dc.source.none.fl_str_mv reponame:GREDOS. Repositorio Institucional de la Universidad de Salamanca
instname:Universidad de Salamanca (USAL)
instname_str Universidad de Salamanca (USAL)
reponame_str GREDOS. Repositorio Institucional de la Universidad de Salamanca
collection GREDOS. Repositorio Institucional de la Universidad de Salamanca
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869414111452856320
score 15,812455

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