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The total variety of life on our planet is referred to as biological diversity. Habitat fragmentation and chain extinctions are
common which eventually affects the ecological balance of the earth. Companies which operate in close proximity to
protected areas or areas rich in biodiversity are monitoring the potential impacts their activities have on biodiversity and are
working towards reducing the same. As a result, the companies may generate fiscal returns as well as some real biodiversity
The paper examines the initiatives for biodiversity conservation in the Sustainability reports of 101 reputed companies
which are based on Global Reporting Initiative (GRI) guidelines using content analysis technique. It is observed that out of the
101 companies, 76.24% of the companies? report the biodiversity initiatives in their Sustainability report while 23.76% of the
companies? do not report on biodiversity initiatives in their Sustainability report.
The companies have been rated based on their reported initiatives. The paper highlights the initiatives taken by the
multistakeholder partnerships and various industries for biodiversity conservation. It can be concluded that biodiversity
initiatives reporting which are based on GRI guidelines have been adopted with success by a number of business organizations
but efforts are still required for businesses to understand the returns from taking initiatives towards biodiversity conservation
and reporting the same.
Aditee Potdar: Masters in Environmental Science, University of Mumbai, 2010. Currently pursuing Fellow programme in NITIE. Earlier, was working
in Centre for Environmental Studies (CES), NITIE as a Research Associate
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