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Factors contributing to business actions in response to climate change in Korea

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  • Jung Eun Kang
  • D.K. Yoon
  • Jinyoung Rhee

Abstract

Climate change is a growing problem and has been highlighted as a global issue. Empirical evidence increasingly indicates its obvious potential risks to humans and society. As members of this society, business organizations face greatly diverse climate change-related risks that they must recognize and respond to. However, gaps exist between scientific evidence and the actions of business organizations. Few empirical studies have examined the business organizations’ actions taken in response to climate change in Korea. This paper addresses this critical gap in the climate change literature by examining business organizations’ behaviors and identifying the factors influencing their actions. We employ statistical models to compare corporate climate change actions, and we explain their variations using survey data. The results indicate that despite increasing concerns about climate change, businesses have implemented very limited precautionary mitigation and adaptation actions. In addition, the concerns of the businesses about future climate change impact, organizational capacity (leadership, staff capacity, existence of a relevant division or department), and business size are significant factors with respect to the implementation of climate change actions.

Suggested Citation

  • Jung Eun Kang & D.K. Yoon & Jinyoung Rhee, 2017. "Factors contributing to business actions in response to climate change in Korea," Journal of Risk Research, Taylor & Francis Journals, vol. 20(3), pages 385-403, March.
    • Handle: RePEc:taf:jriskr:v:20:y:2017:i:3:p:385-403
    DOI: 10.1080/13669877.2015.1057203
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    References listed on IDEAS

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    Cited by:

    1. Callan Harker & Maureen Hassall & Paul Lant & Nikodem Rybak & Paul Dargusch, 2022. "What Can Machine Learning Teach Us about Australian Climate Risk Disclosures?," Sustainability, MDPI, vol. 14(16), pages 1-22, August.
    2. Giuseppe Forino & Jason von Meding, 2021. "Climate change adaptation across businesses in Australia: interpretations, implementations, and interactions," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(12), pages 18540-18555, December.

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