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Multinational enterprises and climate change strategies

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Author Info

  • Ans Kolk

    ()
    (Amsterdam Business School - University of Amsterdam)

  • Jonatan Pinkse

    ()
    (MTS - Management Technologique et Strategique - Grenoble École de Management (GEM))

Abstract

Climate change is often perceived as the most pressing environmental problem of our time, as reflected in the large public, policy, and corporate attention it has received, and the concerns expressed about the (potential) consequences. Particularly due to temperature increases, climate change affects physical and biological systems by changing ecosystems and causing extinction of species, and is expected to have a negative social impact and adversely affect human health (IPCC, 2007). Moreover, as a result of the economic costs and risks of extreme weather, climate change could have a severe impact on economic growth and development as well, if no action is taken to reduce emissions (Stern, 2006). This means that it can affect multinational enterprises (MNEs) active in a wide variety of sectors and countries. Climate change is not a 'purely' environmental issue because it is closely linked to concerns about energy security due to dependence on fossil fuels and oil in particular, and to energy efficiency and management more generally. Controversy about the climate change issue has led to a broadening of the agenda in some cases, with policy-makers targeting energy to avoid commotion about the science and politics of climate change, and firms likewise, also because addressing climate change in practice usually boils down to an adjustment in the energy base of business models.

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Bibliographic Info

Paper provided by HAL in its series Grenoble Ecole de Management (Post-Print) with number hal-00835257.

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Date of creation: 2012
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Publication status: Published, Handbook of Research in International Strategic Management, Edward Elgar (Ed.), 2012, p. 472-485
Handle: RePEc:hal:gemptp:hal-00835257

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  1. Alan M Rugman & Alain Verbeke, 2004. "A perspective on regional and global strategies of multinational enterprises," Journal of International Business Studies, Palgrave Macmillan, vol. 35(1), pages 3-18, January.
  2. Romm, Joseph, 2006. "The car and fuel of the future," Energy Policy, Elsevier, vol. 34(17), pages 2609-2614, November.
  3. John H Dunning, 1998. "Location and the Multinational Enterprise: A Neglected Factor?," Journal of International Business Studies, Palgrave Macmillan, vol. 29(1), pages 45-66, March.
  4. Levy David L. & Kolk Ans, 2002. "Strategic Responses to Global Climate Change: Conflicting Pressures on Multinationals in the Oil Industry," Business and Politics, De Gruyter, vol. 4(3), pages 1-27, November.
  5. Bruce Kogut & Udo Zander, 1993. "Knowledge of the Firm and the Evolutionary Theory of the Multinational Corporation," Journal of International Business Studies, Palgrave Macmillan, vol. 24(4), pages 625-645, December.
  6. Pankaj Ghemawat, 2003. "Semiglobalization and international business strategy," Journal of International Business Studies, Palgrave Macmillan, vol. 34(2), pages 138-152, March.
  7. Alan M Rugman & Alain Verbeke, 2003. "Extending the theory of the multinational enterprise: internalization and strategic management perspectives," Journal of International Business Studies, Palgrave Macmillan, vol. 34(2), pages 125-137, March.
  8. Raven, Rob, 2007. "Niche accumulation and hybridisation strategies in transition processes towards a sustainable energy system: An assessment of differences and pitfalls," Energy Policy, Elsevier, vol. 35(4), pages 2390-2400, April.
  9. Pinkse, Jonatan & Kolk, Ans, 2007. "Multinational Corporations and Emissions Trading:: Strategic Responses to New Institutional Constraints," European Management Journal, Elsevier, vol. 25(6), pages 441-452, December.
  10. Neuhoff, K., 2004. "Large Scale Deployment of Renewables for Electricity Generation," Cambridge Working Papers in Economics 0460, Faculty of Economics, University of Cambridge.
  11. Ans Kolk & Jonatan Pinkse, 2008. "A perspective on multinational enterprises and climate change: Learning from “an inconvenient truth”?," Journal of International Business Studies, Palgrave Macmillan, vol. 39(8), pages 1359-1378, December.
  12. Jasjit Singh, 2007. "Asymmetry of knowledge spillovers between MNCs and host country firms," Journal of International Business Studies, Palgrave Macmillan, vol. 38(5), pages 764-786, September.
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Cited by:
  1. Michaela Rankin & Carolyn Windsor & Dina Wahyuni, 2011. "An investigation of voluntary corporate greenhouse gas emissions reporting in a market governance system: Australian evidence," Accounting, Auditing & Accountability Journal, Emerald Group Publishing, vol. 24(8), pages 1037-1070, October.

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