Biodiversity and Food Business Management: From Corporate Social Responsibility (CSR) to Natural Capital

Abstract

This study analyzes the impact of biodiversity conservation on corporate management, with a focus on food companies that are highly dependent on natural capital. Drawing on interviews with 16 companies and econometric analysis, the research examines the factors that influence corporate engagement in biodiversity conservations. The findings reveal a divergence in perception within companies: while corporate executives tend to view biodiversity efforts as both a risk response and a business opportunity, sustainability officers often regard them as part of corporate social responsibility (CSR). The results of econometric analysis indicate that, at present, most companies consider biodiversity measures within the CSR framework rather than as a part of natural capital. Based on these findings, the study discusses the potential and limitations of promoting a post-neoliberal society through natural capital-oriented corporate management.