Corporate operations can have significant impacts on biodiversity. Nevertheless, the literature has overlooked the analysis of the organizational practices underlying corporate commitment to biodiversity. The objective of this article is to contribute to this under-researched issue by shedding light on the best practices of biodiversity conservation of companies whose operations pose high risks to biodiversity. For this purpose, we carried out a systematic analysis of the sustainability practices reported by 163 mining and forestry companies whose operations pose high risks to biodiversity. The article proposes an organizing framework describing the main approaches and practices for corporate biodiversity management. The contributions and implications for managers, policy makers and other stakeholders are discussed.