IDEAS home Printed from https://ideas.repec.org/a/sae/envirc/v30y2012i4p613-626.html
   My bibliography  Save this article

How Climate Change Became a Business Risk: Analyzing Nonstate Agency in Global Climate Politics

Author

Listed:
  • Philipp Pattberg

    (Institute for Environmental Studies, VU University Amsterdam, De Boelelaan 1087, 1081 HV Amsterdam, The Netherlands)

Abstract

Climate change is widely acknowledged as a key business risk. Companies around the globe are taking action to mitigate their carbon emissions, develop climate-friendly products and services, and prepare for the negative impacts of climate change for their operations. Financial investors, on their part, are becoming more concerned about business responses to climate change and begin to demand concrete risk management strategies. In this context an increasing number of private initiatives are seeking to change business behaviour in a more sustainable direction. Key instruments used are governance by disclosure. This paper explores the agency of nonstate actors in manufacturing climate change into a key business risk, a development that enabled the use of disclosure-based governance mechanisms in global climate politics.

Suggested Citation

  • Philipp Pattberg, 2012. "How Climate Change Became a Business Risk: Analyzing Nonstate Agency in Global Climate Politics," Environment and Planning C, , vol. 30(4), pages 613-626, August.
    • Handle: RePEc:sae:envirc:v:30:y:2012:i:4:p:613-626
    DOI: 10.1068/c1179
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/c1179
    Download Restriction: no
    File URL: https://libkey.io/10.1068/c1179?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Eleni Dellas & Philipp Pattberg & Michele Betsill, 2011. "Agency in earth system governance: refining a research agenda," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 11(1), pages 85-98, March.
    2. Robert Falkner, 2003. "Private Environmental Governance and International Relations: Exploring the Links," Global Environmental Politics, MIT Press, vol. 3(2), pages 72-87, May.
    3. Mitchell, Ronald B., 2011. "Transparency for governance: The mechanisms and effectiveness of disclosure-based and education-based transparency policies," Ecological Economics, Elsevier, vol. 70(11), pages 1882-1890, September.
    4. Adam Harmes, 2011. "The Limits of Carbon Disclosure: Theorizing the Business Case for Investor Environmentalism," Global Environmental Politics, MIT Press, vol. 11(2), pages 98-119, May.
    5. Ans Kolk & David Levy & Jonatan Pinkse, 2008. "Corporate Responses in an Emerging Climate Regime: The Institutionalization and Commensuration of Carbon Disclosure," European Accounting Review, Taylor & Francis Journals, vol. 17(4), pages 719-745.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Philipp Pattberg, 2017. "The emergence of carbon disclosure: Exploring the role of governance entrepreneurs," Environment and Planning C, , vol. 35(8), pages 1437-1455, December.
    2. Moliterni, Fabio, 2018. "Do Global Financial Markets Capitalise Sustainability? Evidence of a Quick Reversal," SAS: Society and Sustainability 274853, Fondazione Eni Enrico Mattei (FEEM).
    3. Jason Thistlethwaite & Matthew Paterson, 2016. "Private governance and accounting for sustainability networks," Environment and Planning C, , vol. 34(7), pages 1197-1221, November.
    4. Fabio Moliterni, 2018. "Do Global Financial Markets Capitalise Sustainability? Evidence of a Quick Reversal," Working Papers 2018.25, Fondazione Eni Enrico Mattei.
    5. Franck Aggeri & Morgane Le Breton, 2016. "The regulation of transparency in the field of CSR," Post-Print halshs-01368029, HAL.
    6. Peter Newell, 2020. "The business of rapid transition," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 11(6), November.
    7. Halil Emre Akbaş & Seda Canikli, 2018. "Determinants of Voluntary Greenhouse Gas Emission Disclosure: An Empirical Investigation on Turkish Firms," Sustainability, MDPI, vol. 11(1), pages 1-24, December.
    8. Anne-Kathrin Weber, 2018. "The revival of the Honourable Merchant? Analysing private forest governance at firm level," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 18(4), pages 619-634, August.
    9. Dayuan Li & Min Huang & Shenggang Ren & Xiaohong Chen & Lutao Ning, 2018. "Environmental Legitimacy, Green Innovation, and Corporate Carbon Disclosure: Evidence from CDP China 100," Journal of Business Ethics, Springer, vol. 150(4), pages 1089-1104, July.
    10. Morgane Le Breton & Franck Aggeri, 2016. "The regulation of CSR by means of transparency standards," Post-Print hal-01368035, HAL.
    11. Geoffrey Frost & Stewart Jones & Muchen Yu, 2023. "Voluntary Carbon Reporting Prediction: A Machine Learning Approach," Abacus, Accounting Foundation, University of Sydney, vol. 59(4), pages 1116-1166, December.
    12. Simona Galletta & Sebastiano Mazzù & Valeria Naciti & Carlo Vermiglio, 2021. "Sustainable development and financial institutions: Do banks' environmental policies influence customer deposits?," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 643-656, January.
    13. Lamperti, Francesco & Bosetti, Valentina & Roventini, Andrea & Tavoni, Massimo & Treibich, Tania, 2021. "Three green financial policies to address climate risks," Journal of Financial Stability, Elsevier, vol. 54(C).
    14. Olivier Boiral & Marie‐Christine Brotherton & Léo Rivaud & David Talbot, 2022. "Comparing the uncomparable? An investigation of car manufacturers' climate performance," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2213-2229, July.
    15. Binh Hoang Duc & Khang Do Ba, 2017. "Business responses to climate change: strategies for reducing greenhouse gas emissions in Vietnam," Asia Pacific Business Review, Taylor & Francis Journals, vol. 23(4), pages 596-620, August.
    16. Evangeline O. Elijido-Ten & Peter Clarkson, 2019. "Going Beyond Climate Change Risk Management: Insights from the World’s Largest Most Sustainable Corporations," Journal of Business Ethics, Springer, vol. 157(4), pages 1067-1089, July.
    17. Andy Gouldson & Rory Sullivan, 2014. "Understanding the Governance of Corporations: An Examination of the Factors Shaping UK Supermarket Strategies on Climate Change," Environment and Planning A, , vol. 46(12), pages 2972-2990, December.
    18. Ishmael Tingbani & Lyton Chithambo & Venancio Tauringana & Nikolaos Papanikolaou, 2020. "Board gender diversity, environmental committee and greenhouse gas voluntary disclosures," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2194-2210, September.
    19. Yuchen Shen & Mohammad Tazul Islam & Michiyuki Yagi & Katsuhiko Kokubu, 2015. "How do firms' climate-related management and strategy affect climate change risks and opportunities awareness?," Discussion Papers 2015-26, Kobe University, Graduate School of Business Administration.
    20. Simon Hartmann & Thomas Lindner & Jakob Müllner & Jonas Puck, 2022. "Beyond the nation-state: Anchoring supranational institutions in international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 1282-1306, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envirc:v:30:y:2012:i:4:p:613-626. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.