Browsing by Subject "sustainability reporting"

Biodiversity is essential for human wellbeing and activities as it supports a diverse set of ecosystem services. Currently, biodiversity is rapidly declining. Biodiversity loss is the second significant global risk after climate change. To reduce environmental stress, there is a need to find sustainable alternatives to unsustainable raw materials and consumables. The chemical industry has an important role in developing environmentally friendly solutions such as bio- based products and solutions, which require utilization of biomass. However, extraction of bio- based raw materials creates more pressure on biodiversity and contributes to biodiversity loss. It is essential that companies who extract natural resources are transparent about their actions concerning biodiversity. By adequately sharing information in corporate reports, companies can enhance their legitimacy. This thesis contributes to scientific discussion on biodiversity reporting which is researched to a limited extent. Material of the thesis was collected from corporate reports and interviews with globally operating chemical companies. By using qualitative content analysis, this thesis describes how chemical companies report on biodiversity as part of their corporate reporting to maintain their legitimacy and how biodiversity is perceived within the chemical industry. Biodiversity is a complex concept and intangible system, which cannot be sufficiently measured yet. This may help to explain why biodiversity reporting within the chemical industry is varying and inconsistent. There is a need to improve companies’ understanding on biodiversity to enhance biodiversity reporting. Adequate reporting can help to understand complex natural processes, enhance environmental protection, and reduce the problem of greenwashing.