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Handbook of Business and Climate Change
Summarizing the current state of knowledge on the links between business and climate change, this timely Handbook analyzes how businesses contribute to and are affected by climate change, looking closely at their centrality in developing and deploying solutions to address this problem. Contributions from a global collection of scholars and practitioners explore a broad range of key industries’ impacts and responses to climate change, examining corporate strategy and leadership in the climate economy, functional perspectives and corporate practice, and climate finance.
More Information
Contributors
Contents
More Information
Summarizing the current state of knowledge on the links between business and climate change, this timely Handbook analyzes how businesses contribute to and are affected by climate change, looking closely at their centrality in developing and deploying solutions to address this problem.
Contributions from a global collection of scholars and practitioners explore a broad range of key industries’ impacts and responses to climate change, examining corporate strategy and leadership in the climate economy, functional perspectives and corporate practice, and climate finance. Chapters use diverse case studies to analyze climate-related business issues, including supply chain management, decarbonization, consumer decision-making, and climate-related financial investments. The Handbook delves deeper into how businesses perceive the issue of climate change, how they are affected by and engage with it, as well as the impact they have and what this impact costs. Forward-thinking, it concludes with reflections from the contributors on what the future holds for businesses and climate change.
Covering matters relating to finance, economics, marketing, operations, strategy, leadership, and communications, this interdisciplinary Handbook will prove invaluable to students and scholars in business management, sustainability, and environmental studies, as well as to sustainability officers (and their staff) in corporations. Addressing, as it does, a wide range of climate-related issues from the corporate standpoint, it will also prove to be a useful resource for policymakers concerned with enabling solutions to climate change.
Contributions from a global collection of scholars and practitioners explore a broad range of key industries’ impacts and responses to climate change, examining corporate strategy and leadership in the climate economy, functional perspectives and corporate practice, and climate finance. Chapters use diverse case studies to analyze climate-related business issues, including supply chain management, decarbonization, consumer decision-making, and climate-related financial investments. The Handbook delves deeper into how businesses perceive the issue of climate change, how they are affected by and engage with it, as well as the impact they have and what this impact costs. Forward-thinking, it concludes with reflections from the contributors on what the future holds for businesses and climate change.
Covering matters relating to finance, economics, marketing, operations, strategy, leadership, and communications, this interdisciplinary Handbook will prove invaluable to students and scholars in business management, sustainability, and environmental studies, as well as to sustainability officers (and their staff) in corporations. Addressing, as it does, a wide range of climate-related issues from the corporate standpoint, it will also prove to be a useful resource for policymakers concerned with enabling solutions to climate change.
Contributors
Contributors: David P. Allen, Edwin Anderson, Paul A. Argenti, Alexis H. Bateman, Anouk Brisebois, Scott M. Cantor, Christa Clapp, Peter M. Clarkson, Vincent Etchebehere, Scott G. Fisher, Gianfrate Gianfranco, Maryam Golnaraghi, Suzanne E. Greene, Jody Grewal, Rishad Habib, Robert G. Hansen, Julia Hartmann, Posie Holmes, David Hone, Kristiane Huber, Andrew Inkpen, Ilya Khaykin, Carl J. Kock, Thomas C. Lawton, Keith Lee, Yinjin Lee, Amanda Meehan, Frank O’Brien-Bernini, Janet Peace, Bruce A. Phillips, Alban Pyanet, Kannan Ramaswamy, Heike Reichelt, Gordon Richardson, Dirk Schoenmaker, Til Schuermann, Mark Scovic, Marloes Smittenaar, Anant K. Sundaram, Saara Wasama, Katherine White
Contents
Contents:
1 Introduction to the Handbook of Business and Climate Change 1
Anant K. Sundaram and Robert G. Hansen
PART I THE BUSINESS CASE FOR CLIMATE CONCERNS
2 Business and climate change 8
Anant K. Sundaram
3 The end of combustion? 38
David Hone
PART II KEY INDUSTRIES: IMPACT AND RESPONSE
4 Banks and climate change risk 58
Edwin Anderson, Ilya Khaykin, Alban Pyanet and Til Schuermann
5 The patchwork quilt: business complexities of decarbonizing the electric sector 89
Scott G. Fisher, Bruce A. Phillips and Mark W. Scovic
6 Implications of fully decarbonizing the electric industry for business:
Icarus or Daedalus? 120
Bruce A. Phillips, Scott G. Fisher and Mark W. Scovic
7 Climate change and the insurance industry – risks and opportunities for
transitioning to a resilient low carbon economy 145
Maryam Golnaraghi
8 Climate change and aviation 187
Vincent Etchebehere
9 Leaders and laggards: how have oil and gas companies responded to the
energy transition? 208
Julia Hartmann, Andrew Inkpen and Kannan Ramaswamy
PART III CORPORATE STRATEGY AND LEADERSHIP IN THE
CLIMATE ECONOMY
10 Climate change communication strategies 231
Paul Argenti, Posie Holmes and Marloes Smittenaar
11 Corporate strategy and climate change: a nonmarket approach to
environmental advantage 251
Thomas C. Lawton and Carl J. Kock
12 Owens Corning: environmental footprint reduction as the foundation
for building a net-positive future 271
Frank O’Brien-Bernini and Amanda Meehan
13 Climate preparedness for business resilience 294
Janet Peace and Kristiane Huber
PART IV FUNCTIONAL PERSPECTIVES AND CORPORATE PRACTICE
14 The equity value relevance of carbon emissions 326
Peter M. Clarkson, Jody Grewal and Gordon D. Richardson
15 Getting to 2050: transparency for setting and reaching supply chain
climate goals 340
Suzanne Greene and Alexis Bateman
16 Commodity supply chain management and climate change: a case study
of the palm oil industry 359
Yinjin Lee and Alexis Bateman
17 Carbon pricing 379
Robert G. Hansen
18 Shifting consumers’ decisions towards climate-friendly behavior 405
Rishad Habib and Katherine White
PART V CLIMATE FINANCE
19 Mainstreaming climate action in public and private investments:
mobilizing finance towards sustainable investments through the bond markets 430
Heike Reichelt, David P. Allen and Scott M. Cantor
20 Green bonds: investor, issuer and climate perspectives 458
Christa Clapp, Keith Lee and Anouk Brisebois
21 Cost of capital and climate risks 480
Gianfranco Gianfrate, Dirk Schoenmaker and Saara Wasama
22 ESG investing 503
Anant K. Sundaram
PART VI THE FUTURE
23 Reflections on the future 526
Arranged and edited by Anant K. Sundaram and Robert G. Hansen
Index
1 Introduction to the Handbook of Business and Climate Change 1
Anant K. Sundaram and Robert G. Hansen
PART I THE BUSINESS CASE FOR CLIMATE CONCERNS
2 Business and climate change 8
Anant K. Sundaram
3 The end of combustion? 38
David Hone
PART II KEY INDUSTRIES: IMPACT AND RESPONSE
4 Banks and climate change risk 58
Edwin Anderson, Ilya Khaykin, Alban Pyanet and Til Schuermann
5 The patchwork quilt: business complexities of decarbonizing the electric sector 89
Scott G. Fisher, Bruce A. Phillips and Mark W. Scovic
6 Implications of fully decarbonizing the electric industry for business:
Icarus or Daedalus? 120
Bruce A. Phillips, Scott G. Fisher and Mark W. Scovic
7 Climate change and the insurance industry – risks and opportunities for
transitioning to a resilient low carbon economy 145
Maryam Golnaraghi
8 Climate change and aviation 187
Vincent Etchebehere
9 Leaders and laggards: how have oil and gas companies responded to the
energy transition? 208
Julia Hartmann, Andrew Inkpen and Kannan Ramaswamy
PART III CORPORATE STRATEGY AND LEADERSHIP IN THE
CLIMATE ECONOMY
10 Climate change communication strategies 231
Paul Argenti, Posie Holmes and Marloes Smittenaar
11 Corporate strategy and climate change: a nonmarket approach to
environmental advantage 251
Thomas C. Lawton and Carl J. Kock
12 Owens Corning: environmental footprint reduction as the foundation
for building a net-positive future 271
Frank O’Brien-Bernini and Amanda Meehan
13 Climate preparedness for business resilience 294
Janet Peace and Kristiane Huber
PART IV FUNCTIONAL PERSPECTIVES AND CORPORATE PRACTICE
14 The equity value relevance of carbon emissions 326
Peter M. Clarkson, Jody Grewal and Gordon D. Richardson
15 Getting to 2050: transparency for setting and reaching supply chain
climate goals 340
Suzanne Greene and Alexis Bateman
16 Commodity supply chain management and climate change: a case study
of the palm oil industry 359
Yinjin Lee and Alexis Bateman
17 Carbon pricing 379
Robert G. Hansen
18 Shifting consumers’ decisions towards climate-friendly behavior 405
Rishad Habib and Katherine White
PART V CLIMATE FINANCE
19 Mainstreaming climate action in public and private investments:
mobilizing finance towards sustainable investments through the bond markets 430
Heike Reichelt, David P. Allen and Scott M. Cantor
20 Green bonds: investor, issuer and climate perspectives 458
Christa Clapp, Keith Lee and Anouk Brisebois
21 Cost of capital and climate risks 480
Gianfranco Gianfrate, Dirk Schoenmaker and Saara Wasama
22 ESG investing 503
Anant K. Sundaram
PART VI THE FUTURE
23 Reflections on the future 526
Arranged and edited by Anant K. Sundaram and Robert G. Hansen
Index
