This paper contributes to biodiversity and species extinction literature by examining the relationship between corporate accountability in terms of species protection and factors affecting such accountability from forward-thinking companies. We use triangulation of theories, namely deep ecology, legitimacy, and we introduce a new perspective to the stakeholder theory that considers species as a ‘stakeholder’. Using Poisson pseudo-maximum likelihood (PPML) regression, we examine a sample of 200 Fortune Global companies over 3 years. Our results indicate significant positive relations between ecologically conscious companies that are accountable for the protection of biodiversity and species extinction and external assurance, environmental performance, partnerships with socially responsible organizations and awards for sustainable activities. Our empirical results appear to be robust in controlling for possible endogeneities. Our findings contribute to the discussion on the concern of species loss and habitat destruction in the context of corporate accountability, especially in responding to the sixth mass extinction event and COVID-19 crisis. Our results can also guide the policymakers and stakeholders of the financial market in better decision making.

本文通过研究企业在物种保护方面的责任与有远见的公司影响此类责任的因素之间的关系，为生物多样性和物种灭绝文献做出了贡献。我们对理论进行三角剖分，即深层生态学、合法性，并为将物种视为“利益相关者”的利益相关者理论引入了新的视角。使用泊松伪最大似然 (PPML​​) 回归，我们在 3 年内检查了 200 家财富全球公司的样本。我们的研究结果表明，具有生态意识的公司之间存在显着的积极关系，这些公司负责保护生物多样性和物种灭绝以及外部保证、环境绩效、与具有社会责任感的组织的伙伴关系以及对可持续活动的奖励。我们的实证结果在控制可能的内生性方面似乎是稳健的。我们的研究结果有助于在企业责任的背景下讨论物种丧失和栖息地破坏的担忧，特别是在应对第六次大规模灭绝事件和 COVID-19 危机方面。我们的结果还可以指导金融市场的政策制定者和利益相关者做出更好的决策。