| الوصف: |
Transformative changes in our production and consumption habits are needed to enable the sustainability transition towards carbon neutrality, no net loss of biodiversity, and planetary well-being. Organizations are the way we humans have organized our everyday life, and much of our negative environmental impacts, also called carbon and biodiversity footprints, are caused by organizations. Here we show how the financial accounts of any organization can be exploited to develop an integrated carbon and biodiversity footprint account. As a metric we utilize spatially explicit potential global loss of species which, we argue, can be understood as the biodiversity equivalent, the utility of which for biodiversity is similar to what carbon dioxide equivalent is for climate. We provide a global Biodiversity Footprint Database that organizations, experts and researchers can use to assess consumption-based biodiversity footprints. We also argue that the current integration of financial and environmental accounting is superficial, and provide a framework for a more robust financial value-transforming accounting model. To test the methodologies, we utilized a Finnish university as a living lab. Assigning an offsetting cost to the footprints significantly altered the financial value of the organization. We believe such value-transforming accounting is needed in order to draw the attention of senior executives and investors to the negative environmental impacts of their organizations. |
