Corporate response to climate change mitigation: What can we learn from annual reports of European industries?
2011 (English)In: International Journal of Industrial Engineering and Management, ISSN 2217-2661, Vol. 2, no 3, 77-86 p.Article in journal (Refereed) Published
Climate change and how best to mitigate its impact has in recent decades prefigured in the industrialdevelopment debate. Awareness about future costs related to increased atmospheric temperaturesprovides an incentive for lowering greenhouse gas emissions such as CO2. At the same time,measures to mitigate climate change do not only induce corporate uncertainty and pressure, but it isalso provides opportunities for new businesses domains and models. The coverage of climate changeissues from mass media broke with earlier trends and increased in the middle of the last decade. Howabout corporate focus? Was climate change issue on the corporate agenda by then?This study presents a content analysis of more than 1100 shareholder letters from 131 of the largestEuropean public liability companies between 2000 to 2009. The main purpose of this paper is toanalyze climate change from a corporate perspective. Was climate change discussed by ChiefExecutive Officers (CEO) and board chairmen during this time? If so, to what extent and are thereindustrial differences?This study shows that climate change appeared on the corporate strategic agenda in year 2005, frompreviously occupying a marginal place. In 2008, corporate climate change discussions were largelypushed aside by the financial crisis. It also show a trend where a shift has occurred from a generalinterest, towards one more divided between different industries.
Place, publisher, year, edition, pages
University of Novi Sad , 2011. Vol. 2, no 3, 77-86 p.
Annual Report, Climate Change, Corporate Strategy
IdentifiersURN: urn:nbn:se:kth:diva-65522OAI: oai:DiVA.org:kth-65522DiVA: diva2:483419
QC 201201272012-01-272012-01-252015-12-10Bibliographically approved