| 1. |
- Bebbington, Jan, et al.
(author)
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Accounting and accountability in the Anthropocene
- 2019
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In: Accounting auditing & accountability journal. - 0951-3574 .- 1758-4205. ; 33:1, s. 152-177
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Journal article (peer-reviewed)abstract
- Purpose The purpose of this paper is to interrogate the nature and relevance of debates around the existence of, and ramifications arising from, the Anthropocene for accounting scholarship. Design/methodology/approach The paper's aim is achieved through an in-depth analysis of the Anthropocene, paying attention to cross-disciplinary contributions, interpretations and contestations. Possible points of connection between the Anthropocene and accounting scholarship are then proposed and illuminated through a case study drawn from the seafood sector. Findings This paper develops findings in two areas. First, possible pathways for further development of how accounting scholarship might evolve by the provocation that thinking about the Anthropocene is outlined. Second, and through engagement with the case study, the authors highlight that the concept of stewardship may re-emerge in discussions about accountability in the Anthropocene. Social implications Human well-being is likely to be impacted if environmental impacts accelerate. In addition, an Anthropocene framing alters the understanding of nature-human interactions and how this affects accounting thought. Originality/value This is the first paper in accounting to seek to establish connections between accounting, accountability and the Anthropocene.
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| 2. |
- Bebbington, Jan, et al.
(author)
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Shaping nature outcomes in corporate settings
- 2024
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In: Philosophical Transactions of the Royal Society of London. Biological Sciences. - 0962-8436 .- 1471-2970. ; 379:1903
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Journal article (peer-reviewed)abstract
- Transnational companies have substantive impacts on nature: a hallmark of living in the Anthropocene. Understanding these impacts through company provision of information is a precursor to holding them accountable for nature outcomes. The effect of increasing disclosures (of varying quality) is predicated on 'information governance', an approach that uses disclosure requirements to drive company behaviour. However, its efficacy is not guaranteed. We argue that three conditions are required before disclosures have the possibility to shape nature outcomes, namely: (1) radical traceability that links company actions to outcomes in particular settings; (2) developing organizational routines, tools and approaches that translate strategic intent to on-the-ground behaviour; and (3) mobilizing and aligning financial actors with corporate nature ambitions. While disclosure is key to each of these conditions, its limits must be taken into account and it must be nested in governance approaches that shape action, not just reporting.This article is part of the theme issue 'Bringing nature into decision-making'.
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| 3. |
- Blasiak, Robert, et al.
(author)
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Evolving Perspectives of Stewardship in the Seafood Industry
- 2021
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In: Frontiers in Marine Science. - : Frontiers Media SA. - 2296-7745. ; 8
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Journal article (peer-reviewed)abstract
- Humanity has never benefited more from the ocean as a source of food, livelihoods, and well-being, yet on a global scale this has been accompanied by trajectories of degradation and persistent inequity. Awareness of this has spurred policymakers to develop an expanding network of ocean governance instruments, catalyzed civil society pressure on the public and private sector, and motivated engagement by the general public as consumers and constituents. Among local communities, diverse examples of stewardship have rested on the foundation of care, knowledge and agency. But does an analog for stewardship exist in the context of globally active multinational corporations? Here, we consider the seafood industry and its efforts to navigate this new reality through private governance. We examine paradigmatic events in the history of the sustainable seafood movement, from seafood boycotts in the 1970s through to the emergence of certification measures, benchmarks, and diverse voluntary environmental programs. We note four dimensions of stewardship in which efforts by actors within the seafood industry have aligned with theoretical concepts of stewardship, which we describe as (1) moving beyond compliance, (2) taking a systems perspective, (3) living with uncertainty, and (4) understanding humans as embedded elements of the biosphere. In conclusion, we identify emerging stewardship challenges for the seafood industry and suggest the urgent need to embrace a broader notion of ocean stewardship that extends beyond seafood.
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| 4. |
- Dauriach, Alice, 1991-
(author)
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Financial institutions, companies, and the biosphere
- 2022
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Licentiate thesis (other academic/artistic)abstract
- International organisations, governments and civil society have become increasingly vocal in their demands that financial institutions take social and environmental responsibility for the companies they invest in. Some financial institutions have started to assume this responsibility in practice by building international alliances and standards, by reallocating their capital, and by trying to influence corporate policies towards environmental and social goals. Through their ability to allocate and price capital, financial institutions are sometimes believed to be a leverage point to enact rapid and large-scale change towards sustainability. The influence these financial institutions have is still under-researched, however, especially on companies in sectors associated with changes in the biosphere which pose severe risks to human development. In this thesis, I ask: to what extent can financial institutions advance biosphere-based sustainability through their investments in companies? I have three main aims. The first one is to identify key companies and financial institutions which can be linked to changes in the biosphere that pose severe risks to human wellbeing. I select the most critical commodity production sectors driving large-scale biosphere change using insights from social-ecological systems science. I focus on economic activities that result in anthropogenic land use changes that either affect known tipping points in the climate system (the Amazon rainforest), or that increase the risk of emergence and re-emergence of vector-borne and zoonotic diseases. The second aim is to develop methods to assess the degree of influence that financial institutions have on corporate activities, drawing from finance research and management theory. I investigate the relationship between financial institutions and large companies, and especially to what extent companies are reliant on different financial flows for their operations, in order to determine through which mechanisms financial institutions could exert influence on them, if at all. Assessing the potential influence of financial institutions on companies requires combining existing methods and bringing together disconnected sources of data about environmental impact, business activity, investments, and financing sources. The third aim is to analyse what factors pose limits to financial influence.Paper 1 analyses the role played by financial institutions as owners in industries associated with anthropogenic land use changes and, as a result, increased zoonotic disease risks. We identify publicly listed companies present in nine regional case studies, as well as the financial institutions that invest in them. We analyse those financial institutions’ potential influence based on both their ownership size and their position in the network of owners.Paper 2 examines the origin of loans obtained by all companies operating in the high deforestation-risk sectors of mineral production, soy trade or cattle trade in the Brazilian Amazon. We assess to what extent companies rely on relatively unaccountable sources of credit, notably credit from secrecy jurisdictions and transnational intra-company credit, which may limit the potential for influence from financial institutions.In conclusion, I find that financial institutions have an important role to play in many sectors and regions analysed, but that this role is limited by a number of factors. These factors include the prevalence of non-financial shareholders in some companies, especially in case studies in the Global South, and the reliance of companies on internal finance and financial flows from secrecy jurisdictions. Companies themselves, and the inner workings of their corporate groups – their private owners, their subsidiaries in various countries, their ethical stance – seem to also be of great importance.
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| 5. |
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| 6. |
- Jouffray, Jean-Baptiste, et al.
(author)
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Leverage points in the financial sector for seafood sustainability
- 2019
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In: Science Advances. - : American Association for the Advancement of Science (AAAS). - 2375-2548. ; 5:10
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Journal article (peer-reviewed)abstract
- Can finance contribute to seafood sustainability? This is an increasingly relevant question given the projected growth of seafood markets and the magnitude of social and environmental challenges associated with seafood production. As more capital enters the seafood industry, it becomes crucial that investments steer the sector toward improved sustainability, as opposed to fueling unsustainable working conditions and overexploitation of resources. Using a mixed-methods approach, we map where different financial mechanisms are most salient along a seafood firm's development trajectory and identify three leverage points that can redirect capital toward more sustainable practices: loan covenants, stock exchange listing rules, and shareholder activism. We argue that seafood sustainability requirements need to be integrated into traditional financial services and propose key research avenues for academic, policy, and practice communities. While our study focuses on the role of finance in seafood sustainability, the insights developed are also of high relevance to other extractive industries.
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| 7. |
- Selig, Elizabeth R., et al.
(author)
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Revealing global risks of labor abuse and illegal, unreported, and unregulated fishing
- 2022
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In: Nature Communications. - : Springer Science and Business Media LLC. - 2041-1723. ; 13:1
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Journal article (peer-reviewed)abstract
- Labor abuse on fishing vessels and illegal, unreported and unregulated (IUU) fishing violate human rights, jeopardize food security, and deprive governments of revenues. We applied a multi-method approach, combining new empirical data with satellite information on fishing activities and vessel characteristics to map risks of labor abuse and IUU fishing, understand their relationships, and identify major drivers. Port risks were globally pervasive and often coupled, with 57% of assessed ports associated with labor abuse or IUU fishing. For trips ending in assessed ports, 82% were linked to labor abuse or IUU fishing risks. At-sea risk areas were primarily driven by fishing vessel flags linked to poor control of corruption by the flag state, high ownership by countries other than the flag state, and Chinese-flagged vessels. Transshipment risk areas were related to the gear type of fishing vessels engaged in potential transshipment and carrier vessel flags. Measures at port offer promise for mitigating risks, through the Port State Measures Agreement for IUU fishing, and ensuring sufficient vessel time at port to detect and respond to labor abuse. Our results highlight the need for coordinated action across actors to avoid risk displacement and make progress towards eliminating these socially, environmentally and economically unsustainable practices.
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| 8. |
- Österblom, Henrik, et al.
(author)
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Science-Industry Collaboration : Sideways or Highways to Ocean Sustainability?
- 2020
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In: One Earth. - : Elsevier BV. - 2590-3330 .- 2590-3322. ; 3:1, s. 79-88
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Journal article (peer-reviewed)abstract
- There is substantial and unexplored potential for scientists to engage with the private sector for a sustainable ocean. The importance of such cooperation is a frequent emphasis of international dialogues and statements, it is embedded within the Sustainable Development Goals, and has been championed by prominent business leaders and scientists. But an uncritical embrace of science-industry collaboration is unhelpful, and candid reflections on the benefits and pitfalls that marine scientists can expect from actively engaging with the private sector are rare. In this Perspective, we draw on our collective experiences working with ocean industries in different parts of the world to reflect on how this has influenced our work, the effects these collaborations have generated, and the barriers to overcome for such partnerships to become more common. In doing so, we hope to help empower a new generation of marine scientists to explore collaboration with industry as a way to develop and scale up solutions for ocean sustainability.
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| 9. |
- Österblom, Henrik, et al.
(author)
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Scientific mobilization of keystone actors for biosphere stewardship
- 2022
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In: Scientific Reports. - : Springer Science and Business Media LLC. - 2045-2322. ; 12
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Journal article (peer-reviewed)abstract
- The biosphere crisis requires changes to existing business practices. We ask how corporations can become sustainability leaders, when constrained by multiple barriers to collaboration for biosphere stewardship. We describe how scientists motivated, inspired and engaged with ten of the world’s largest seafood companies, in a collaborative process aimed to enable science-based and systemic transformations (2015–2021). CEOs faced multiple industry crises in 2015 that incentivized novel approaches. New scientific insights, an invitation to collaborate, and a bold vision of transformative change towards ocean stewardship, created new opportunities and direction. Co-creation of solutions resulted in new knowledge and trust, a joint agenda for action, new capacities, international recognition, formalization of an organization, increased policy influence, time-bound goals, and convergence of corporate change. Independently funded scientists helped remove barriers to cooperation, provided means for reflection, and guided corporate strategies and actions toward ocean stewardship. By 2021, multiple individuals exercised leadership and the initiative had transitioned from preliminary and uncomfortable conversations, to a dynamic, operational organization, with capacity to perform global leadership in the seafood industry. Mobilizing transformational agency through learning, collaboration, and innovation represents a cultural evolution with potential to redirect and accelerate corporate action, to the benefit of business, people and the planet.
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