The Impact of Global Biodiversity Loss on Corporations across Industries
Mahadeo, Jyoti D. Rogbeer, S.
Mahadeo, Jyoti D.
Rogbeer, S.
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2025-09
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(c) 2025 The Authors. Full-text reproduced with author permission.
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Abstract
The decline in biodiversity poses a significant risk to the sustainability of industries and countries worldwide. Hence, businesses must understand and reduce their impact on biodiversity, and this commitment should be reflected in their annual and sustainability reports. This study draws on the natural capital-based view and examines data from 2,779 publicly traded companies in 59 countries from 2015 to 2023 to determine how companies address biodiversity issues and shape related disclosures. We find that some companies are taking biodiversity issues seriously. In addition, our findings show that green innovation has a direct and positive impact on financial performance indicators. This indicates that environment-friendly innovations make resource use more efficient and improves a company's reputation, subsequently enhancing its financial outcomes.
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Mahadeo JD and Rogbeer S (2025) The Impact of Global Biodiversity Loss on Corporations across Industries. British Academy of Management (BAM2025) annual conference. 1-5 Sep 2025. Kent Business Schools, University of Kent.
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