Value-transforming financial, carbon and biodiversity footprint accounting
摘要
Transformative changes in our production and consumption habits are needed to halt biodiversity loss. 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 explore how the activity data of any organization can be exploited to develop integrated carbon and biodiversity footprints. As a metric we utilize spatially explicit potential global loss of species across all ecosystem types and argue that it can be understood as the biodiversity equivalent. The utility of the biodiversity equivalent for biodiversity could be like what carbon dioxide equivalent is for climate. We provide a global country-specific dataset that organizations, experts and researchers can use to assess biodiversity footprints of human activities. 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 to draw the attention of senior executives and investors to the negative environmental impacts of their organizations.