Nature as a stakeholder: including nature in corporate governance practices to meet the EU corporate sustainability reporting directive
This paper provides one of the first reviews of Nature-inclusive corporate governance models, as implemented in the day-to-day practice of ten identified businesses. Two key drivers of the formation of Nature-inclusive governance are increasingly urgent environmental change and the rise of corporate...
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| Main Authors: | , , , , , , , |
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| Format: | Article |
| Language: | deu |
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DOBA Business School Maribor
2024-11-01
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| Series: | Mednarodno Inovativno Poslovanje |
| Subjects: | |
| Online Access: | https://journal.doba.si/OJS/index.php/jimb/article/view/369 |
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| _version_ | 1832544834754183168 |
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| author | Tineke Lambooy Ebba Hooft Toomey Alexandra Pimor Daan van Apeldoorn Lucy Ward Pooja Sharma Jacobien Viets Tessa Van Soest |
| author_facet | Tineke Lambooy Ebba Hooft Toomey Alexandra Pimor Daan van Apeldoorn Lucy Ward Pooja Sharma Jacobien Viets Tessa Van Soest |
| author_sort | Tineke Lambooy |
| collection | DOAJ |
| description | This paper provides one of the first reviews of Nature-inclusive corporate governance models, as implemented in the day-to-day practice of ten identified businesses. Two key drivers of the formation of Nature-inclusive governance are increasingly urgent environmental change and the rise of corporate social responsibility reporting mechanisms and laws, notably the EU Corporate Sustainability Reporting Directive (CSRD). The research consists of qualitative analysis of interviews with representatives of companies that have given Nature a governance role. These interviews were accompanied by legal research in several European jurisdictions (the Netherlands, Belgium, and the United Kingdom) to identify additional legal options for incorporating Nature in corporate governance. Based on the findings, a framework of innovative Nature-inclusive governance models was developed and is presented in this paper. It consists of four models: Nature as Inspiration, Nature as Advisor, Nature as Director, and Nature as Shareholder. These models and the underlying framework provide essential context for understanding the changing landscape of corporate governance and meaningful tools for academics, legal and financial consultants, and businesses interested in understanding emerging Nature-inclusive corporate governance models. |
| format | Article |
| id | doaj-art-97188e399e9340fba1fbff8b1fc8db98 |
| institution | Kabale University |
| issn | 1855-6175 |
| language | deu |
| publishDate | 2024-11-01 |
| publisher | DOBA Business School Maribor |
| record_format | Article |
| series | Mednarodno Inovativno Poslovanje |
| spelling | doaj-art-97188e399e9340fba1fbff8b1fc8db982025-02-03T09:34:37ZdeuDOBA Business School MariborMednarodno Inovativno Poslovanje1855-61752024-11-0116211110.32015/JIBM.2024.16.2.5369Nature as a stakeholder: including nature in corporate governance practices to meet the EU corporate sustainability reporting directiveTineke Lambooy0Ebba Hooft Toomey1Alexandra Pimor2Daan van Apeldoorn3Lucy Ward4Pooja Sharma5Jacobien Viets6Tessa Van Soest7Nyenrode Business University, NetherlandsNyenrode Business University, NetherlandsEarth Law CenterB Lab BeneluxEarth Law CenterEarth Law CenterLiance Legal, Amsterdam, NizozemskaB Lab BeneluxThis paper provides one of the first reviews of Nature-inclusive corporate governance models, as implemented in the day-to-day practice of ten identified businesses. Two key drivers of the formation of Nature-inclusive governance are increasingly urgent environmental change and the rise of corporate social responsibility reporting mechanisms and laws, notably the EU Corporate Sustainability Reporting Directive (CSRD). The research consists of qualitative analysis of interviews with representatives of companies that have given Nature a governance role. These interviews were accompanied by legal research in several European jurisdictions (the Netherlands, Belgium, and the United Kingdom) to identify additional legal options for incorporating Nature in corporate governance. Based on the findings, a framework of innovative Nature-inclusive governance models was developed and is presented in this paper. It consists of four models: Nature as Inspiration, Nature as Advisor, Nature as Director, and Nature as Shareholder. These models and the underlying framework provide essential context for understanding the changing landscape of corporate governance and meaningful tools for academics, legal and financial consultants, and businesses interested in understanding emerging Nature-inclusive corporate governance models.https://journal.doba.si/OJS/index.php/jimb/article/view/369corporate governance, sustainability, csrd, social responsibility, nature |
| spellingShingle | Tineke Lambooy Ebba Hooft Toomey Alexandra Pimor Daan van Apeldoorn Lucy Ward Pooja Sharma Jacobien Viets Tessa Van Soest Nature as a stakeholder: including nature in corporate governance practices to meet the EU corporate sustainability reporting directive Mednarodno Inovativno Poslovanje corporate governance, sustainability, csrd, social responsibility, nature |
| title | Nature as a stakeholder: including nature in corporate governance practices to meet the EU corporate sustainability reporting directive |
| title_full | Nature as a stakeholder: including nature in corporate governance practices to meet the EU corporate sustainability reporting directive |
| title_fullStr | Nature as a stakeholder: including nature in corporate governance practices to meet the EU corporate sustainability reporting directive |
| title_full_unstemmed | Nature as a stakeholder: including nature in corporate governance practices to meet the EU corporate sustainability reporting directive |
| title_short | Nature as a stakeholder: including nature in corporate governance practices to meet the EU corporate sustainability reporting directive |
| title_sort | nature as a stakeholder including nature in corporate governance practices to meet the eu corporate sustainability reporting directive |
| topic | corporate governance, sustainability, csrd, social responsibility, nature |
| url | https://journal.doba.si/OJS/index.php/jimb/article/view/369 |
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