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Impact of climate change issues on businesses : an action plan using a corporate governance approach

Thyil, Vijaya and Wise, Victoria 2012, Impact of climate change issues on businesses : an action plan using a corporate governance approach, International journal of global environmental issues, vol. 12, no. 1, pp. 91-104.

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Title Impact of climate change issues on businesses : an action plan using a corporate governance approach
Author(s) Thyil, Vijaya
Wise, Victoria
Journal name International journal of global environmental issues
Volume number 12
Issue number 1
Start page 91
End page 104
Total pages 14
Publisher Inderscience
Place of publication Geneva, Switzerland
Publication date 2012
ISSN 1466-6650
Keyword(s) climate change
environmental issues
corporate governance
low-carbon foot-print
Summary Business globally are readying themselves for wide-ranging impacts as they transition towards a low carbon footprint economy. This paper discusses the major impacts for the firm due to the move to a low-carbon footprint system. In doing so it highlights the crucial link between opportunities, costs, risks and structural changes faced by firms, and presents a framework for managing the complex, multi-pronged impacts. The paper provides a conceptual model that will assist decision-makers to deal with risk management or bottom-line protection issues as well as exploiting the business opportunity the new regulatory environment will produce. The model argues for a holistic corporate governance mechanism, with responsibility and accountability of climate change risk management placed with the board of directors and senior management.
Language eng
Field of Research 150104 International Accounting
Socio Economic Objective 960707 Trade and Environment
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2012, Inderscience
Persistent URL http://hdl.handle.net/10536/DRO/DU:30046081

Document type: Journal Article
Collections: Faculty of Business and Law
Deakin Graduate School of Business
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