This paper intends to find the predominant factors for corporations to reduce their carbon emissions. In light of an in-depth literature review, various determinants have been assessed and compared according to their importance. Results show that carbon pricing schemes creating revenue which can be redistributed are the most effective governmental measures. Even though there are ways to circumvent these systems, such as moving operations, bribery or using bargaining power to adjust bills in the first place, a large majority of firms were found to adapt to new laws. The most significant reasons in the organisational domain are economic benefits arising mainly thanks to cost savings and risk mitigation of anticipated regulation as well as competition. Moreover, stakeholders play a key role in the decision-making process of firms. Especially market actors with direct influence on a company's turnover, like consumers and investors, were observed to be able to exert great power on enterprises. By giving an insight into these factors, this paper helps to understand what can possibly spur urgently needed action for climate by corporations.
Оглавление
Mark Strutzenberger. Predominant Factors for Firms to Reduce Carbon Emissions
Abstract
Table of Content
List of Figures
List of Abbreviations
1 Introduction
2 Governmental Domain
2.2 Subsidies
2.3 Regulation
2.4 Carbon Pricing
2.5 Bargaining Power and Corruption
2.6 Pollution Haven Hypothesis
3 Organisational Domain
3.1 Business Ethics and Corporate Social Responsibility
3.2 Endogenous Factors
3.3 Economic Advantages
3.4 Risk Mitigation
3.5 Stakeholder Pressure
3.5.1 Types of stakeholders
3.5.2 Influence of Stakeholders
4 Conclusion and Discussion of Results
Bibliography. Scientific Journals
Data Sources
Figure Sources
Отрывок из книги
This paper intends to find the predominant factors for corporations to reduce their carbon emissions. In light of an in-depth literature review, various determinants have been assessed and compared according to their importance. Results show that carbon pricing schemes creating revenue which can be redistributed are the most effective governmental measures. Even though there are ways to circumvent these systems, such as moving operations, bribery or using bargaining power to adjust bills in the first place, a large majority of firms were found to adapt to new laws. The most significant reasons in the organisational domain are economic benefits arising mainly thanks to cost savings and risk mitigation of anticipated regulation as well as competition. Moreover, stakeholders play a key role in the decision-making process of firms. Especially market actors with direct influence on a company’s turnover, like consumers and investors, were observed to be able to exert great power on enterprises. By giving an insight into these factors, this paper helps to understand what can possibly spur urgently needed action for climate by corporations.
