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Sustainability 2015, 7(11), 14521-14536; doi:10.3390/su71114521

Antecedents and Consequences of Firms’ Climate Change Management Practices: Stakeholder and Synergistic Approach

1
College of Business Administration, Chonnam National University, Yongbong-ro 77, Buk-gu, Gwangju 61186, Korea
2
Department of Business Administration, Chonnam National University, Yongbong-ro 77, Buk-gu, Gwangju 61186, Korea
*
Author to whom correspondence should be addressed.
Academic Editor: Giuseppe Ioppolo
Received: 17 August 2015 / Revised: 22 October 2015 / Accepted: 25 October 2015 / Published: 29 October 2015
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
View Full-Text   |   Download PDF [1006 KB, uploaded 29 October 2015]   |  

Abstract

There is a growing pressure for firms to address global warming issues, but firms differ in adopting and implementing management practices in response to climate change. The aim of this study is to assess stakeholder pressure and firms’ responses to climate change, and their effect on emission reduction and operational performance. A survey was conducted and then empirically analyzed using regression analysis. This study shows that financial investors and regulatory agencies are the most influential stakeholders for adopting and implementing climate change management practices. Process efficiency and low-carbon product development are the most adopted carbon management practices while organizational engagement and carbon offsetting are not preferred. This article provides evidence that some firms’ climate change management practices lead to improved operational performance such as cost reduction and enhanced delivery and flexibility, as well as improved climate change performance including carbon emission and energy consumption reductions. This study provides guidance for policy makers and firm managers on how to identify, design and manage global warming issues within the business arena. View Full-Text
Keywords: climate change; corporate response; stakeholders; sustainability performance; empirical study climate change; corporate response; stakeholders; sustainability performance; empirical study
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Lee, S.-Y.; Kim, Y.-H. Antecedents and Consequences of Firms’ Climate Change Management Practices: Stakeholder and Synergistic Approach. Sustainability 2015, 7, 14521-14536.

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