Corporate South Africa and biodiversity in a green economy

Abstract

Environmental protection and conservation efforts pose a major challenge the world over, more so for newly industrialising countries that need to strike the precise balance between environmental preservation and future economic development. An arduous challenge for business and the government is the reconciliation of economic growth, development and natural resources conservation. Biodiversity conservation is no longer the preserve of national organisations or state bodies. Companies as users of biodiversity and contributors to its degradation and loss should be a part of the solution as well. The general business world has since entered a new era in terms of its role in aiding and disabling the move towards sustainable development. This is partly attributed to an evolution in policy making from treating the corporation as a problem to perceiving it as a vehicle for economic development and, in this context, integral to the concept of an African renaissance. It is against this backdrop that the article takes stock of the manner with which the corporate sector is conserving and preserving biodiversity as well as methods and modes that are used to do this. It also highlights some of the theories that have been posited to do this which in turn can assist in mapping future engagement. This article aims to present a case for further including the private sector in conserving and preserving biodiversity as a sub stream of environmental issues facing the world today.