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

journal contribution
posted on 2012-01-01, 00:00 authored by Vijaya Thyil, Victoria Wise
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.

History

Journal

International journal of global environmental issues

Volume

12

Issue

1

Pagination

91 - 104

Publisher

Inderscience

Location

Geneva, Switzerland

ISSN

1466-6650

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2012, Inderscience

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