When we talk about threatened species, we are generally referring to animals and plants that are at risk of becoming extinct in the near future. The term threatened species is used globally and is largely accepted as referring to any species that is facing either a critically high risk of extinction in the wild, or whose population is significantly declining.
The International Union for Conservation of Nature (IUCN) is responsible for assessing different species’ conservation status and determining whether or not they should be placed on the ‘”threatened species” list. Once a species is deemed as threatened, the IUCN and governments of the countries where the species live can act to create and implement conservation actions to ensure the species’ survival.
The IUCN currently categorizes threatened species into one of nine different risk categories. Species in these categories are classified as either Critically Endangered, Endangered, Vulnerable, Near Threatened, Data Deficient, or Least Concern, depending on the severity of the species’ situation.
What Does Threatened Species Mean for Businesses?
For businesses, the term threatened species can have serious legal ramifications. Any business operating in countries where threatened species live must adhere to laws to protect those species. A few examples of such laws are the U.S. Endangered Species Act, the Plant Protection Act, and the Brazilian Forest Code. Companies found to be in violation of these laws can face significant penalties.
For example, a business in the United States found to be responsible for the death of a threatened species may be liable for a criminal fine of up to $50,000 or imprisonment of up to one year, as well as civil penalties of up to $25,000 per violator. Similar penalties can be seen in other countries as well. It’s therefore important for all business owners to understand the legal implications of operating in a region inhabited by threatened species.
Conclusion
To summarise, threatened species are plants and animals that are at risk of becoming extinct. Governments and other organisations such as the IUCN are actively working to protect threatened species, and businesses operating in regions inhabited by threatened species are required to abide by conservation laws and adhere to imposed penalties for violations.
By understanding the meaning of threatened species and its implications for businesses, entrepreneurs and organisations can be fully prepared to comply with relevant legal regulations and help ensure the conservation of these species for future generations.