Corporate understanding of ecosystem services
The reliance organizations have on ecosystem services such as clean water, air, climate, timber, fibres, food and genetic resources is fundamentally an element of corporate risk and strategy that is often overlooked. Where traditional environmental management examines the impact the organization has on the environment, the idea of ecosystem services is novel in the sense that it is also concerned with the impact the environment has on the organization. We surveyed corporate managers in the Australian resources and infrastructure sectors and found that most are ill-equipped to address ecosystem services as a strategic aspect of long-term organizational sustainability. A high …
