Biodiversity offsetting: problematisation of an emerging governance regime

• Published in: Accounting, auditing & accountability journal Vol. 26; no. 5; pp. 806 - 832
• Main Author: Tregidga, Helen
• Format: Journal Article
• Language: English
• Published: Bradford Emerald Group Publishing Limited 01.01.2013
• Subjects: Accountability; Accounting; Arenas; Biodiversity; Commodities; Conservation; Decision making; Design engineering; Documentation; Ecosystems; Environmental economics; Environmental management; Governments; Law; Net losses; Pollutants; Power relations; Social responsibility; Studies; Sustainable development; Valuation; Problematization; Accounting for biodiversity; Governmentality; Sustainable development; Conservation; Biodiversity offsetting
• ISSN: 0951-3574; 1758-4205
• DOI: 10.1108/AAAJ-02-2013-1234

Purpose – The paper aims to analyse accounting rationalities and practices which lie behind biodiversity offsetting. The way in which accounting functions as a technology of government through the practice of biodiversity offsetting is to be considered and its effects examined.Design/methodology/approach – Governmentality is drawn upon to examine ways in which power and authority are exercised in a single case study setting. Data analysed comprise corporate and industry websites and documents, corporate reports, public documentation and interviews. The arena concept is utilised to highlight contestation in the case, and signal concerns regarding the wider impact of the use of particular accounting rationalities and technologies in the context of biodiversity offsetting.Findings – The paper provides empirical insights into how accounting for biodiversity offsetting rationales and practices constitute an attempt to reproduce power relations in favour of particular parties and foster disciplinary effects. The practice of biodiversity offsetting is problematised through critiquing accounting's governing role in the areas of biodiversity quantification and biodiversity trading. Questions are raised as to whether biodiversity offsetting enabled by accounting techniques is leading to greater accountability and ultimately protection of biodiversity, or whether it represents a mechanism through which particular species and habitat destruction can be justified, or at least hidden in its accounting.Originality/value – While biodiversity offsetting research is not uncommon within science and law, the analysis of how accounting functions as a technology of government within biodiversity offsetting is believed to be unique.