About this book
Corporate Responses to Climate Change has been written at a crucial point in the climate change debate, with the issue now central to economic and energy policy in many countries. The book analyses current business practice and performance on climate change, in the light of the dramatic changes in the regulatory and policy environment over the last five years. More specifically, it examines how climate change-related policy development and implementation have influenced corporate performance, with the objective of using this information to consider how the next stage of climate change policy - regulation, incentives, voluntary initiatives - may be designed and implemented in a manner that delivers the real and substantial reductions in greenhouse gas emissions that will be required in a timely manner, while also addressing the inevitable dilemmas at the heart of climate change policy (e.g. how are concerns such as energy security to be squared with the need for drastic reductions in greenhouse gas emissions? Can economic growth be reconciled with greenhouse gas emissions? Can emissions reductions be delivered in an economically efficient manner?).
The book focuses primarily on two areas. First, how have companies actually responded to the emerging regulatory framework and the growing political and broader public interest in climate change? Have companies reduced their greenhouse gas emissions and by how much? Have companies already started to position themselves for the transition to a low-carbon economy? Does corporate self-regulation - unilateral commitments and collective voluntary approaches - represent an appropriate response to the threat presented by climate change? What are the barriers to further action? Second, the book examines what the key drivers for corporate action on climate change have been: regulation, stakeholder pressure, investor pressure. Which policy instruments have been effective, which have not, and why? How have company actions influenced the strength of these pressures?
Corporate Responses to Climate Change is a state-of-the-art analysis of corporate action on climate change and will be essential reading for businesses, policy-makers, academics, NGOs, investors and all those interested in how the business sector is and should be dealing with the most serious environmental threat faced by our planet.
Contents
I. Introduction1. IntroductionRory Sullivan (Insight Investment, UK)2. The State of Play on Corporate Greenhouse Gas Emissions ManagementRory Sullivan, Rachel Crossley and Jennifer Kozak (Insight Investment, UK)II. Public policy: regulation, economic incentives and voluntary programmes3. The Effectiveness of Climate Change Policy as an Investment Driver in the Power SectorWilliam Blyth (Chatham House and Oxford Energy Associates, UK)Rory Sullivan (Insight Investment, UK)4. The Influence of Climate Change Regulation on Corporate Responses: The Case of Emissions TradingAns Kolk and Jonatan Pinkse (University of Amsterdam Business School, The Netherlands)5. CDM and its Development Impact: The Role and Behaviour of the Corporate Sector in CDM Projects in IndonesiaTakaaki Miyaguchi and Rajib Shaw (Kyoto University, Japan)6. Encouraging Innovation through Government Challenge Programmes: A Case Study of PV-Based BoatsOlga Fadeeva and Johannes Brezet (TU Delft and Cartesius Institute, The Netherlands)Yoram Krozer (University of Twente and Cartesius Institute, The Netherlands)7. The Role of Voluntary Industry-Government Partnerships in Reducing Greenhouse Gas Emissions: A Case Study of the USEPA Climate Leaders ProgramJeffrey Apigian (Clark University, USA)8. Ten Years of the Australian Greenhouse Challenge: Real or Illusory Benefits?Rory Sullivan (Insight Investment, UK)9. The Mexico GHG Programme: Corporate Response to Climate Change Initiatives in a "Non-Annex I" CountryLeticia Ozawa-Meida (SEMARNAT, Mexico)Taryn Fransen (World Resources Institute, Mexico)Rosa Maria Jimenez-Ambriz (CESPEDES, Mexico)III. Non-state actors and their influence on corporate climate change performance10. The Climate Group: Advancing Climate Change LeadershipJim Walker (The Climate Group, UK)11. Climate Protection Partnerships: Activities and AchievementsOliver Salzmann, Ulrich Steger and Aileen Ionescu-Somers (IMD (International Institute for Management Development), Switzerland)12. The Evolution of UK Institutional Investor Interest in Climate ChangeRory Sullivan (Insight Investment, UK)Stephanie Pfeifer (Institutional Investors Group on Climate Change, UK)13. Reporting on Climate Change: The Case of Lloyds TSBAndrea Coulson (University of Strathclyde, UK)IV. Corporate responses and case studies14. Curbing Greenhouse Gas Emissions on a Sectoral Basis: The Cement Sustainability InitiativeTimo Busch and Volker Hoffmann (Swiss Federal Institute of Technology Zurich (ETH Zurich), Switzerland)Howard Klee (World Business Council for Sustainable Development, Switzerland)15. Novartis: Demonstrating Leadership through Emissions ReductionsHelen Mathews (University of Basel, Switzerland)Claus-Heinrich Daub (University of Applied Sciences Northwestern, Switzerland)16. Climate Change Solutions at Vancity Credit UnionIan Gill and Amanda Pitre-Hayes (Vancity, Canada)17. The Pole Position Project: Innovating Energy-Efficient Pumps at GrundfosJoan Thiesen and Arne Remmen (Aalborg University, Denmark)18. Responding to Climate Change: The Role of Organisational Learning ProcessesMarlen Arnold (University of Oldenberg, Germany)19. Fasten Your Seatbelts: European Airline Responses to Climate Change TurbulenceChristian Engau, David Sprengel and Volker Hoffman (Swiss Federal Institute of Technology Zurich [ETH Zurich], Switzerland)V. Closing sections20. From Good to Best Practice on Emissions ManagementRory Sullivan (Insight Investment, UK)Ryan Schuchard, Raj Sapru and Emma Stewart (Business for Social Responsibility, USA)21. Do Voluntary Approaches Have a Role to Play in the Response to Climate Change?Rory Sullivan (Insight Investment, UK)22. Setting a Future Direction for Climate Change PolicyRory Sullivan (Insight Investment, UK)
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