Assurance and Biodiversity Reporting: Evidence From Top Australian Mining Companies

ABSTRACT Our study examines the current state of biodiversity reporting assurance and the challenges associated with it among top Australian mining companies. Using a qualitative interview design and review of top Australian mining companies' biodiversity assurance disclosures, we find that the vast majority of Australian mining companies do not obtain assurance on their biodiversity disclosures, which is concerning for two key reasons. First, we are in the midst of a global biodiversity crisis, marked by mass species extinction and widespread biodiversity loss. In the absence of assurance, there is limited accountability for how companies impact biodiversity. Second, without assurance, the accuracy, reliability, relevance, and completeness of biodiversity reporting are compromised, raising questions about the credibility of such disclosures. Additionally, this study finds several challenges faced by companies and assurance providers in delivering biodiversity assurance, including the lack of reporting frameworks, the complexity of measuring biodiversity, the absence of mandatory requirements, and a shortage of expertise. Findings of this study provide important insights for mining companies, assurance providers, and policymakers.