RT Journal Article
T1 Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?
A1 Ali, Rizwan
A1 García Sánchez, Isabel María
A1 Aibar Guzmán, Beatriz
A1 Rehman, Ramiz ur
K1 Biodiversity
K1 Board of directors
K1 Ecosystem
K1 Environmental disclosures
K1 Environmental policy
K1 Institutional directors
K1 Institutional investors
K1 Value chain
AB 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.
PB Wiley
SN 0964-4733
YR 2024
FD 2024
LK https://hdl.handle.net/10347/40838
UL https://hdl.handle.net/10347/40838
LA eng
NO Ali, R., García‐Sánchez, I. M., Aibar‐Guzmán, B., & Rehman, R. U. (2024). Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?. Business Strategy and the Environment, 33(3), 2116-2142. https://doi.org/10.1002/BSE.3587
NO This work was supported by Junta de Castilla y León y Fondo Europeo de Desarrollo Regional under Grant CLU-2019-03 Unidad de Excelencia “Gestión Económica para la Sostenibilidad” (GECOS); and by Xunta de Galicia under Grant 2020 GPC GI-2016.
DS Minerva
RD 28 abr 2026