TY  - UNPD
A1  - Zedlitz, Gerrit von
T1  - Mind the gap?! The current state of biodiversity reporting
N2  - Biodiversity loss poses a significant threat to the global economy and affects ecosystem services on which most large companies rely heavily. The severe financial implications of such a reduced species diversity have attracted the attention of companies and stakeholders, with numerous calls to increase corporate transparency. Using textual analysis, this study thus investigates the current state of voluntary biodiversity reporting of 359 European blue-chip companies and assesses the extent to which it aligns with the upcoming disclosure framework of the Task Force on Nature-related Financial Disclosures (TNFD). The descriptive results suggest a substantial gap between current reporting practices and the proposed TNFD framework, with disclosures largely lacking quantification, details and clear targets. In addition, the disclosures appear to be relatively unstandardized. Companies in sectors or regions exposed to higher nature-related risks as well as larger companies are more likely to report on aspects of biodiversity. This study contributes to the emerging literature on nature-related risks and provides detailed insights on the extent of the reporting gap in light of the upcoming standards.
T3  - SAFE white paper series - 95 
KW  - Biodiversity
KW  - Disclosure Framework
KW  - Reporting Standards
Y1  - 2023
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/65664
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-656644
UR  - https://safe-frankfurt.de/fileadmin/user_upload/editor_common/Policy_Center/SAFE_White_Paper_95.pdf
N1  - I gratefully acknowledge funding from the Deutsche Forschungsgemeinschaft (DFG, German Research Foundation) – Project-ID 403041268 – TRR 266 and from the Graduate School of Economic and Social Sciences of the University of Mannheim
PB  - SAFE
CY  - Frankfurt am Main
ER  -