A scoping review of determinants of business engagement with biodiversity
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Publisher
Wiley
Abstract
Corporate biodiversity engagement is rising on the international agenda because companies not only face increasingly apparent biodiversity-related risks and dependencies, but also contribute to, and have the potential to mitigate biodiversity loss through their practices and investments. This scoping review maps the current literature on the determinants of business engagement with biodiversity, outlining motivations, barriers, actions, and financial instruments from 100 studies based on 26,096 records published between 2000 and 2023, following Preferred Reporting Items for Systematic Reviews and Meta-Analyses extension for scoping reviews guidelines. Findings reveal that companies are driven by multifaceted factors, with economic motivations including operational management and profitability frequently recorded. Regulatory frameworks motivate corporate engagement through legislation compliance while posing challenges due to regulatory uncertainty and inconsistent policies. While various financial mechanisms exist, further research is needed to explore innovative funding structures to upscale business investment. We call for empirical, context-specific studies on biodiversity monetization mechanisms.
Description
SUPPORTING INFORMATION
APPENDIX S1. Pre-registered protocol (Appendix S1), Open Science Framework (OSF).
APPENDIX S2. Search strategy (Appendix S2), OSF.
APPENDIX S3. Metadata on search records in RIS format (Appendix S3), OSF.
APPENDIX S4. Included studies metadata, csv (Appendix S4), OSF.
APPENDIX S5. Code framework (Appendix S5), OSF.
APPENDIX S6. Extraction form (Appendix S6), OSF.
APPENDIX S7. Further data.
Table SI.7.1. Distribution of studies by year published.
Table SI.7.2. Frequency of journals for included studies.
Table SI.7.3. Frequency of study area by country.
Table SI.7.4. Frequency by sector.
Table SI.7.5. Frequency of determinants: motivations, activities, barriers, and financial instruments from the included studies.
APPENDIX S8. Co-occurrence metric between motivations, activities, and barriers (Appendix S8), OSF.
APPENDIX S9. Summary of financial instruments applied to biodiversity conservation.
APPENDIX S10. Definitions.
Keywords
Biodiversity finance, Biodiversity management, Corporate biodiversity actions, Financial instruments, Motivations, PRISMA-ScR guidelines, PRISMA Extension for Scoping Reviews (PRISMA-ScR)
Sustainable Development Goals
SDG-17: Partnerships for the goals
Citation
Liu, Q., Süring, C.M., Thorsen, B.J. et al. 2025, 'A scoping review of determinants of business engagement with biodiversity', Corporate Social Responsibility and Environmental Management, vol. 32, no. 4, pp. 5540-5556, doi : 10.1002/csr.3249.