Corporate Strategies for Managing Environmental Risk

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For at least two decades, in the aftermath of the Exxon Valdez and Bhopal disasters, corporations have been facing mounting external and internal pressure to manage environmental resources and risks effectively.

To address the queries and concerns of managers, corporate boards and other stakeholders, codified management, audit and reporting schemes have been introduced and implemented, substantial segments of the consulting industry and of business school training have turned to identify and convey best practices across firms and a thriving research literature has explored, developed, put to scrutiny and rationalized a rapidly growing body of new ideas.

Assembled in this volume are some major articles that successively draw attention to key aspects of business environmental strategy and consider important implementation issues. The latter pertain to organizational design, incentives, governance, and leadership. An introductory essay ties these contributions together from the more upstream viewpoint of corporate strategy.