Biodiversity reporting: Comparing listed entities in the United Kingdom and South Africa
Purpose: This research conducts an analysis of biodiversity reporting among a sample of companies listed on the stock exchanges of South Africa (SA) and the United Kingdom (UK). The aim is to present empirical evidence on how organisations address and report on biodiversity-related matters to their...
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| Format: | Article |
| Language: | English |
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AOSIS
2025-01-01
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| Series: | South African Journal of Business Management |
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| Online Access: | https://sajbm.org/index.php/sajbm/article/view/4713 |
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| author | Dino Da Mata Timothy Lai Dusan Ecim Warren Maroun Dannielle Cerbone |
| author_facet | Dino Da Mata Timothy Lai Dusan Ecim Warren Maroun Dannielle Cerbone |
| author_sort | Dino Da Mata |
| collection | DOAJ |
| description | Purpose: This research conducts an analysis of biodiversity reporting among a sample of companies listed on the stock exchanges of South Africa (SA) and the United Kingdom (UK). The aim is to present empirical evidence on how organisations address and report on biodiversity-related matters to their stakeholders and investors.
Design/methodology/approach: A disclosure schematic is developed and applied to the selected companies using content analysis to analyse their biodiversity-related disclosures and draw comparisons between the two jurisdictions.
Findings/results: Results indicate that South African organisations demonstrate a higher level of visibility in their biodiversity reporting when compared to their UK counterparts. The primary reason for this is because of a higher biodiversity ranking and hosting more biodiversity hotspots, which impact South African organisations. However, UK companies tend to provide more quantitative and valuation-based disclosures because of their advanced management information systems, professional standards network support and access to financial resources. In general, it is observed that biodiversity reporting is still in its nascent stage in both jurisdictions and offers limited insight into the understanding of biodiversity by organisations and their ability to incorporate direct and indirect impacts into their business models, risk assessment and strategy implementation.
Practical implications: The disclosure schematic serves as a valuable tool for evaluating biodiversity reporting in different national contexts and provides a framework for companies developing biodiversity action plans. The findings help stakeholders assess organisations’ progress in achieving biodiversity objectives and integrating biodiversity considerations into business operations.
Originality/value: This study makes two unique contributions to the literature. First, it provides one of the first comparative analyses of biodiversity reporting between a developing and developed economy, offering novel insights into how different jurisdictional contexts influence reporting practices. Second, it develops and applies a comprehensive disclosure schematic that enables evaluation of both symbolic and substantive biodiversity reporting approaches, advancing our understanding of how organisations integrate biodiversity considerations into their reporting and operations. |
| format | Article |
| id | doaj-art-8ac4118c9a614434b705a170cef6eb14 |
| institution | Kabale University |
| issn | 2078-5585 2078-5976 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | AOSIS |
| record_format | Article |
| series | South African Journal of Business Management |
| spelling | doaj-art-8ac4118c9a614434b705a170cef6eb142025-02-11T13:27:05ZengAOSISSouth African Journal of Business Management2078-55852078-59762025-01-01561e1e1710.4102/sajbm.v56i1.47131437Biodiversity reporting: Comparing listed entities in the United Kingdom and South AfricaDino Da Mata0Timothy Lai1Dusan Ecim2Warren Maroun3Dannielle Cerbone4School of Accounting, Faculty of Commerce, Law and Management, University of the Witwatersrand, JohannesburgSchool of Accounting, Faculty of Commerce, Law and Management, University of the Witwatersrand, JohannesburgSchool of Accounting, Faculty of Commerce, Law and Management, University of the Witwatersrand, JohannesburgSchool of Accounting, Faculty of Commerce, Law and Management, University of the Witwatersrand, JohannesburgSchool of Accounting, Faculty of Commerce, Law and Management, University of the Witwatersrand, JohannesburgPurpose: This research conducts an analysis of biodiversity reporting among a sample of companies listed on the stock exchanges of South Africa (SA) and the United Kingdom (UK). The aim is to present empirical evidence on how organisations address and report on biodiversity-related matters to their stakeholders and investors. Design/methodology/approach: A disclosure schematic is developed and applied to the selected companies using content analysis to analyse their biodiversity-related disclosures and draw comparisons between the two jurisdictions. Findings/results: Results indicate that South African organisations demonstrate a higher level of visibility in their biodiversity reporting when compared to their UK counterparts. The primary reason for this is because of a higher biodiversity ranking and hosting more biodiversity hotspots, which impact South African organisations. However, UK companies tend to provide more quantitative and valuation-based disclosures because of their advanced management information systems, professional standards network support and access to financial resources. In general, it is observed that biodiversity reporting is still in its nascent stage in both jurisdictions and offers limited insight into the understanding of biodiversity by organisations and their ability to incorporate direct and indirect impacts into their business models, risk assessment and strategy implementation. Practical implications: The disclosure schematic serves as a valuable tool for evaluating biodiversity reporting in different national contexts and provides a framework for companies developing biodiversity action plans. The findings help stakeholders assess organisations’ progress in achieving biodiversity objectives and integrating biodiversity considerations into business operations. Originality/value: This study makes two unique contributions to the literature. First, it provides one of the first comparative analyses of biodiversity reporting between a developing and developed economy, offering novel insights into how different jurisdictional contexts influence reporting practices. Second, it develops and applies a comprehensive disclosure schematic that enables evaluation of both symbolic and substantive biodiversity reporting approaches, advancing our understanding of how organisations integrate biodiversity considerations into their reporting and operations.https://sajbm.org/index.php/sajbm/article/view/4713biodiversitynature-related disclosuressustainability reportingsouth africaunited kingdom |
| spellingShingle | Dino Da Mata Timothy Lai Dusan Ecim Warren Maroun Dannielle Cerbone Biodiversity reporting: Comparing listed entities in the United Kingdom and South Africa South African Journal of Business Management biodiversity nature-related disclosures sustainability reporting south africa united kingdom |
| title | Biodiversity reporting: Comparing listed entities in the United Kingdom and South Africa |
| title_full | Biodiversity reporting: Comparing listed entities in the United Kingdom and South Africa |
| title_fullStr | Biodiversity reporting: Comparing listed entities in the United Kingdom and South Africa |
| title_full_unstemmed | Biodiversity reporting: Comparing listed entities in the United Kingdom and South Africa |
| title_short | Biodiversity reporting: Comparing listed entities in the United Kingdom and South Africa |
| title_sort | biodiversity reporting comparing listed entities in the united kingdom and south africa |
| topic | biodiversity nature-related disclosures sustainability reporting south africa united kingdom |
| url | https://sajbm.org/index.php/sajbm/article/view/4713 |
| work_keys_str_mv | AT dinodamata biodiversityreportingcomparinglistedentitiesintheunitedkingdomandsouthafrica AT timothylai biodiversityreportingcomparinglistedentitiesintheunitedkingdomandsouthafrica AT dusanecim biodiversityreportingcomparinglistedentitiesintheunitedkingdomandsouthafrica AT warrenmaroun biodiversityreportingcomparinglistedentitiesintheunitedkingdomandsouthafrica AT danniellecerbone biodiversityreportingcomparinglistedentitiesintheunitedkingdomandsouthafrica |