164: The Biodiversity Moonshot: Innovating for an Embedded Future Between Business and Nature (16583)

Friday, August 9, 2024

14:00 – 16:30 CT (GMT-5/UTC-5)

Location: Marriott: Belmont

Session Number: 164
PDW (workshop)
Orientation: Teaching,Practice,International,Theme,Research
Highlight
Shareable link: https://cdmcd.co/RxZnnm

Organizer(s)

AD

Alberto Di Minin

National Biodiversity Future Center (NBFC), Italy

Facilitator(s)

GR

Gordon P. Rands

Western Illinois U., United States
MR

Michael V. Russo

U. of Oregon, United States
MS

Mark Starik

U. of Wisconsin Extended Campus, United States
PS

Philip Shapira

Alliance Manchester Business School, U. of Manchester, United Kingdom
JS

Jean Garner Stead

East Tennessee State U., United States

Handouts
FT

Fabrizio Tuzi

ISSIRFA-CNR, Italy
KU

Kerrigan Marie Machado Unter

U. of St. Gallen, Switzerland

Organizer(s)

FT

Francesco Testa

Scuola Superiore Sant'Anna
VC

Valentina Cucino

Institute of Management, Scuola Superiore Sant'Anna, Pisa, Italy
GO

Gianmaria Ontano

Institute of Management, Scuola Superiore Sant'Anna, Pisa
DT

Duccio Tosi

Institute of Management, Scuola Superiore Sant'Anna, Pisa, Italy

Distinguished Speaker(s)

RP

Rajat Panwar

Oregon State U., United States
SW

Sandra A. Waddock

Boston College, United States

Facilitator(s)

ND

Nicole Darnall

American U., Kogod School of Business, United States
AF

Andrea Filippetti

CNR ExploRA

The challenges of biodiversity loss and ecosystem degradation require immediate action from companies and institutions. Companies, integral to the social-ecological system, partake in impact-dependence dynamics with the environment, where disruptions in one system inevitably reverberate within this complex framework. The absence of short-term economic benefits for companies adopting restoration practices, the lack of comprehensive metrics to guide decision-makers, and the lack of tools and capabilities to grasp the complexity of the relationship between business and biodiversity emphasize the distinguishing factors of this relationship from other environmental issues. While existing literature has primarily focused on biodiversity practices within specific industries, the systemic nature of biodiversity loss calls for a broader exploration across and within value chains. An open, collaborative approach to innovation is crucial, encouraging business models accountable for biodiversity conservation and inspiring new solutions capable of driving a durable sustainability equilibrium. Despite increasing recognition from governments, a significant research gap persists in management studies concerning organizations’ involvement in biodiversity conservation. This PDW aims to address this gap, fostering discussions on organizational competencies, strategic dynamics, managerial tools, and business models for a successful transition to a biodiversity-embedded model. The objective is to promote interdisciplinary collaboration among participants, addressing multifaceted challenges in biodiversity research. Additionally, the aim is to facilitate discussions on how companies can effectively manage their relationship with the environment, ensuring the conservation of the life-supporting foundations of biodiversity.