1st Edition

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

Edited By Jill Atkins, Martina Macpherson Copyright 2022
610 Pages 79 B/W Illustrations
by Routledge

610 Pages 79 B/W Illustrations
by Routledge

610 Pages 79 B/W Illustrations
by Routledge

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... Read more

Introduction: Why Are Species Extinction and Biodiversity Collapse Relevant to the Financial Markets, Accounting and Governance?

Jill Atkins and Martina Macpherson

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 Markets

Jill Atkins and Martina Macpherson

2 Extinction Governance: Establishing a Framework for Extinction Accounting, Accountability and Finance

Mervyn E. King, Jill Atkins and Warren Maroun

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

Mxolisi Sibanda

4 Business for Nature: How Businesses Can Save Species and Preserve Biodiversity

Eva Zabey and Carmen Thissen

5 Heal Rewilding: A Landowning Model for Species Recovery

Jan Stannard, Hannah Needham and Shân M. Millie

6 Oil Palm Industry and Biodiversity Loss: Enhancing Governance through the Sustainability Policy Transparency Toolkit (SPOTT)

Gunnar Rimmel and Maizatulakma Abdullah

7 Cultural and Religious Aspects of Extinction Governance in the Middle East: Accounting for Camels in the Israeli Context

Mira Lieberman

8 Middle Eastern Extinctions: Building a Religious Motivation for Species Protection

Tariq Almontaser, Jill Atkins, Ali Elfadli, Abdullah Eskandrany, Aber Hassan, Omar Mowafi, Simon Norton and Mohamed Saeudy

9 The Need for Good Governance in Securing Environmental Justice

Steve Trent

10 A Regenerative Approach to Biodiversity and Species Extinction Accounting

Peta Milan

Part III Extinction Finance: How Financial Market Mechanisms Can Save Species

11 ‘Extinction Bonds’ Addressing Biodiversity Issues through Sustainable Finance

Martina Macpherson and Christoph Biehl

12 From Active to Passive: Establishing a Framework for a Biodiversity Index Solution

Erica Zanella and Thomas Montagnon

13 Biodiversity and Sustainability Ratings: From Data to Assessments

Anna Zubets-Anderson and Marie Lehmann

14 Assessing Financial Exposure to Biodiversity Risks through Corporate Facility Mapping

Léonie Chatain, Nathalie Borgeaud and Natalie Ambrosio Preudhomme

15 How to Improve Biodiversity-Related Information

Andrea Gasperini and Sonia Artuso

16 Green Bonds from an Integrated Thinking Perspective

Wayne van Zijl, Dannielle Cerbone and Warren Maroun

17 The Wildlife Conservation Bond: Exploring New Market Mechanisms for Protecting Endangered Species

Nnamdi Okolo

18 Exploring a Mechanism with Emancipatory Potential for ‘Business and Biodiversity’ in China: ‘Ant Forest’

Longxiang Zhao

19 The Investors’ Policy Dialogue on Deforestation (IPDD) Case Study: A Collaborative Engagement Initiative with Governments to Mitigate Investment Impacts Resulting from Deforestation

My-Linh Ngo, Magdalena Kettis, Emine Isciel and Daniela Carreira

20 Ending Extinction: Taking Action to Transform the Financial System

Nick Robins

21 Extinction Accounting and Finance in Italy: The Case of Fineco Bank

Federica Doni, Silvio Bianchi Martini and Antonio Corvino

Part IV Extinction Engagement: How Investors Can Save Species

22 The Global Asset Management Industry’s Response to the Biodiversity Crisis

Krystyna Springer

23 Engaging to Protect and Restore Biodiversity

Sonya Likhtman

24 Biodiversity Loss and Its Impact: A Practical Implementation in Portfolio Construction

Clarisse Simonek and Carmine de Franco

25 Addressing the Ecological Transition through Environmental, Social and Governance Investing Powered by Artificial Intelligence and Fintech

Nicolas Jacob

26 Revealing Plato’s ‘Shadow Kingdom’: Rendering Pandemic Risk Explicit in Extinction Engagement

Jill Atkins, Federica Doni, Abeer Hassan and Warren Maroun

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

Mark Gough

28 The Biodiversity Disclosure Project: From Business Mainstreaming Guidelines, the Biodiversity Performance Rating of Listed Companies to the Biological Diversity Protocol

Y. Friedman, C. Hoogstad, A. Cherrington, H.T. Davies-Mostert, M. Murison and J. Houdet

29 Research Methods: The Role of Ecolinguistic Analysis in Species Protection – A Toolkit for Practitioners and Academics

Mira Lieberman

Part VI Reflections and Conclusion: Establishing a Framework for Action

30 Extinction, Biodiversity Loss and COVID-19: Searching for Meaning

Barry Atkins

31 Hope for the Future: A CREATIIIVE Approach to Extinction Governance, Accounting and Finance

Jill Atkins and Martina Macpherson

Biography

Jill Atkins holds a Chair in Financial Management at Sheffield University Management School, UK, and is a visiting professor of Accounting at the University of the Witwatersrand, South Africa.

Martina Macpherson is Head of ESG Strategy and GMC Member at ODDO BHF Asset Management, President of NSFM NextGen and Visiting Fellow at Henley Business School, UK.