There’s a change in the weather: corporate reputation and climate change

Purpose This study aims to examine recent developments in climate change solutions to determine their impact on corporate reputation. Design/methodology/approach This paper is a review of recent literature and commentary on corporate and governmental climate change initiatives. Findings It is likely...

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Bibliographic Details
Published inThe Journal of business strategy Vol. 42; no. 4; pp. 288 - 291
Main Author Hirsch, Peter Buell
Format Journal Article
LanguageEnglish
Published Boston Emerald Publishing Limited 07.07.2021
Emerald Group Publishing Limited
Subjects
Carbon
Central banks
Climate change
Emissions
Fines & penalties
Greenhouse effect
Greenhouse gases
Initiatives
Institutional investments
Monetary policy
Reputations
United States > US
US Federal Reserve
Climate change
Corporate reputation
Environmental responsibility
Compliance
Green finance
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Summary:Purpose This study aims to examine recent developments in climate change solutions to determine their impact on corporate reputation. Design/methodology/approach This paper is a review of recent literature and commentary on corporate and governmental climate change initiatives. Findings It is likely that as climate change initiatives move further from voluntary to compliance status, the reputational value of environmental responsibility for corporate reputation will diminish. Research limitations/implications There are no verifiable objective metrics to validate the opinions expressed. Practical implications Companies may reconsider the reputational “real estate” they devote to environmental issues and invest more effort in other social areas. Social implications The shift predicted may cause more companies to turn their reputational attention more emphatically to employees and communities. Originality/value The author is not aware of any work in evaluating the reputational impact of greater regulatory focus on climate change disclosure and compliance.
ISSN:0275-6668
2052-1197
DOI:10.1108/JBS-04-2021-0061