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What makes businesses commit to nature conservation?

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  • Marlen S. Krause
  • Nils Droste
  • Bettina Matzdorf

Abstract

To halt the loss of biodiversity and ecosystem services, various actors including companies need to engage, but it is not yet clear what drives voluntary business commitments. We explore leverage points that might increase corporate action for conservation. We apply a structural equation model based on the theory of planned behaviour to analyse data from 618 German companies, collected through an online‐survey in 2019. We show that a favourable attitude, driven by perceived business relevance and benefit prospects, fosters engagement. Perceived difficulties, such as lacking finances and knowledge, hinder the engagement. Customers, employees and the general public are presently the only stakeholder groups that drive corporate conservation engagement. Nevertheless, the expectation levels of virtually all stakeholders were found to be quite low and as such inadequate for the ecological crisis we face. We discuss how political will and goal setting can encourage more widespread business support for the natural environment.

Suggested Citation

  • Marlen S. Krause & Nils Droste & Bettina Matzdorf, 2021. "What makes businesses commit to nature conservation?," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 741-755, February.
    • Handle: RePEc:bla:bstrat:v:30:y:2021:i:2:p:741-755
    DOI: 10.1002/bse.2650
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    References listed on IDEAS

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    Cited by:

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    2. Md. Mahiuddin Sabbir & Khan Md Raziuddin Taufique, 2022. "Sustainable employee green behavior in the workplace: Integrating cognitive and non‐cognitive factors in corporate environmental policy," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 110-128, January.
    3. Mariela Carvajal & Muhammad Nadeem & Rashid Zaman, 2022. "Biodiversity disclosure, sustainable development and environmental initiatives: Does board gender diversity matter?," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 969-987, March.
    4. Thomas B. White & Leonardo R. Viana & Geneviève Campbell & Claire Elverum & Leon A. Bennun, 2021. "Using technology to improve the management of development impacts on biodiversity," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 3502-3516, December.
    5. Booth, Hollie & Milner-Gulland, E.J. & Starkey, Malcolm, 2023. "Operationalizing transformative change for business in the context of nature positive," OSF Preprints vk2hq, Center for Open Science.

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