Corporate strategic adaptability to climate change: An explorative study on 1000 European Annual CEO letters 2000 - 2008
2010 (English)Conference paper (Refereed)
The executive leadership vision is vital in corporate-wide development and implementation of a corporate strategy. The vision on climate change, among other strategic issues, is expressed in annual CEO letters. This study applies a content analysis approach to review 1000 annual reports from European publicly‐traded companies published in years 2000 through 2008. The content analysis of the CEO letters indicate that: (a) corporate interest in the climate change was nearly nonexistent prior to 2004; (b) the greatest interest in the issues was shown in 2007, but since then interest has declined; and (c) meanwhile interest in external economic conditions doubled in 2008 compared to 2006. In summary, our findings raise questions as to whether corporate interest in climate change issues already has peaked, even as well adapted by industry as can be reasonably expected, or if environmental interest will rise again after the current global financial crisis is over.
Place, publisher, year, edition, pages
climate change, corporate interest, CEO letters, content analysis
IdentifiersURN: urn:nbn:se:kth:diva-70013OAI: oai:DiVA.org:kth-70013DiVA: diva2:485748
”Back to the future”, European Academy of Management, EURAM 10th Annual Conference, Rome
Qc 201201312012-01-302012-01-302012-03-21Bibliographically approved