Extinction Governance, Finance, and Accounting : Implementing a Species Protection Action Plan for the Financial Markets book cover
1st Edition

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

  • Available for pre-order. Item will ship after April 29, 2022
ISBN 9780367492984
April 29, 2022 Forthcoming by Routledge
640 Pages 79 B/W Illustrations

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Book Description

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 organisations such as the Capitals Coalition, Business for Nature, the Ecojustice Foundation, ShareAction, the Endangered Wildlife Trust, plus senior researchers in the field, 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.

Table of Contents


Mxolisi Sibanda, Regional Manager East Africa at WWF UK


Jill Atkins

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

Chapter 1

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

Jill Atkins and Martina Macpherson

Chapter 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

Chapter 3

Business, Extinction and the Future of Species: Moving from Good Intention to Action against Species Extinction

Mxolisi Sibanda

Chapter 4

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

Eva Zabey and Carmen Thissen, Business for Nature

Chapter 5

Heal Rewilding: A Landowning Model for Species Recovery

Jan Stannard, Hannah Needham and Shân M. Millie

Chapter 6

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

Gunnar Rimmel, Maizatulakma Abdullah and Clara Melot

Chapter 7

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

Mira Lieberman, University of Sheffield

Chapter 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, Mohamed Saeudy

Chapter 9

The Need for Good Governance in Securing Environmental Justice

Steve Trent, Ecojustice Foundation

Chapter 10

A Regenerative Approach to Biodiversity and Species Extinction Accounting

Peta Milan

ve Biodiversity-related information

PART III: EXTINCTION FINANCE: How Financial Market Mechanisms Can Save Species

Chapter 11

EXTINCTION BONDS’ Addressing Biodiversity Issues through Sustainable Finance

Martina Macpherson and Christoph Biehl

Chapter 12

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

Thomas Montagnon and Erica Zanella, Vigeo Eiris

Chapter 13

Biodiversity and Sustainability Ratings: From Data to Assessments

Marie Lehman and Anna Zubets Anderson

Chapter 14

Assessing Financial Exposure to Biodiversity Risks Through Corporate Facility Mapping

Nathalie Borgeaud, Léonie Chatain, Natalie Ambrosio Preudhomme

Four Twenty Seven Inc.

Chapter 15

How to Improve Biodiversity-Related Information

Andrea Gasperini and Sonia Artuso

Chapter 16

Green Bonds from an Integrated Thinking Perspective

Wayne can Zijl, Dannielle Cerbone and Warren Maroun

Chapter 17

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

Nnamdi Okolo, University of Sheffield

Chapter 18

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

Longxiang Zhao

Chapter 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

Chapter 20

Ending Extinction: Taking Action to Transform the Financial System

Nick Robins

Chapter 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

Chapter 22

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

Krystyna Springer, ShareAction

Chapter 23

Engaging to Protect and Restore Biodiversity

Sonja Likhtman, EOS at Federated Hermes

Chapter 24

Biodiversity loss and its impact: A practical implementation in portfolio construction

Clarisse Simonek and Carmine de Franco, Ossiam

Chapter 25

Addressing the Ecological Transition through ESG Investing Powered by AI and Fintech

Nicholas Jacob, Oddo

Chapter 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

Chapter 27

The Impact of the Natural Capital and Biodiversity Crises on the Corporate and Investment Value Chain

Mark Gough, CEO, The Capitals Coalition

Chapter 28

The Biodiversity Disclosure Project: From business mainstreaming guidelines, the biodiversity performance rating of listed companies to the Biological Diversity Protocol

Friedman, Y. , Hoogstad, C. , Cherrington, A. , Davies-Mostert, H.T. , Murison, M. 1, Houdet, J.

Chapter 29

Research methods: the role of ecolinguistic analysis in species protection - A toolkit for practitioners, academics

Mira Lieberman

PART VI Reflections and Conclusion: Establishing a Framework for Action

Chapter 30

Extinction, Biodiversity Loss and Covid-19: Searching for Meaning

Barry Atkins

Chapter 31

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

Jill Atkins and Martina Macpherson


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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 AM, President of NSFM NextGen, and Visiting Fellow at Henley Business School, UK.