Analyzing the Impact of Global Business Policies on Climate Action: A Conceptual Review

The intensifying impacts of climate change demand urgent global action, particularly from multinational corporations (MNCs), whose influence spans global trade, innovation, and production. Global business policies play a critical role in aligning corporate strategies with climate action goals, but challenges such as fragmented regulations and inadequate accountability mechanisms persist. This study aims to analyze the intersection of global business policies and corporate contributions to climate action, focusing on advancing Sustainable Development Goal 13 (SDG 13). A systematic literature review (SLR) synthesizes findings from recent peer-reviewed studies, emphasizing theoretical frameworks such as Institutional Theory and Stakeholder Theory. Key findings reveal the dual role of policies as enablers and barriers, highlighting actionable recommendations for policymakers and corporate leaders. These include fostering cohesive regulatory frameworks, adopting circular economy practices, and integrating Environmental, Social, and Governance (ESG) criteria into decision-making. This research advances strategic management literature and provides practical insights for achieving climate goals.