Developing a Species Protection Action Plan – An Integrated Approach for Taxonomies, Reporting and Engagement for the Financial Services Sector

15 Pages Posted: 14 Jun 2019

See all articles by Jill F. Atkins

Jill F. Atkins

University of Sheffield; University of Sheffield

Martina Macpherson

Network for Sustainable Financial Markets

Date Written: May 29, 2019

Abstract

The planet is currently experiencing a mass extinction event, with human and business activity being the root cause of species loss and habitat destruction. Recent scientific research finds that from a sample of almost half vertebrate species, 32% are decreasing in population size and range as a result of habitat loss, over-exploitation, invasion by alien species, pollution and global warming. As well as species ‘going extinct’ populations of species are diminishing and disappearing. Given the extinction crisis that we currently find ourselves in, making connections between species extinction and our global capitalist system is crucial to driving conservation and species protection. By identifying species loss and extinction as a financially material risk pervasive across all aspects of business, finance and accounting we also identify an urgent need for action, for developing and implementing a Species Protection Action Plan to be spread out across the financial sector throughout all elements and levels of the capital markets, their structures, mechanisms and institutions.

Keywords: species extinction, extinction crisis, frameworks, sustainable finance

Suggested Citation

Atkins, Jill F. and Macpherson, Martina, Developing a Species Protection Action Plan – An Integrated Approach for Taxonomies, Reporting and Engagement for the Financial Services Sector (May 29, 2019). Available at SSRN: https://ssrn.com/abstract=3398308 or http://dx.doi.org/10.2139/ssrn.3398308

Jill F. Atkins

University of Sheffield ( email )

9 Mappin Street
Sheffield
United Kingdom

University of Sheffield ( email )

9 Mappin Street
Sheffield
United Kingdom

Martina Macpherson (Contact Author)

Network for Sustainable Financial Markets ( email )

Flat 145 Marsham Court, Marsham Street
Marsham Street
London, London SW1P 4LB
United Kingdom
2078346750 (Phone)

HOME PAGE: http://www.nsfmnextgen.org

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