The impact of Strategic Climate Planning on Carbon Performance: An empirical examination of Mexican listed firms

Climate change is an international concern to be addressed in the short term, and firms have an active role in its reduction. This paper analyzes the effect that strategic climate planning has on carbon performance in Mexican listed firms. The stakeholder and Institutional perspectives provide a the...

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Bibliographic Details
Published inUCJC business and society review no. 71; pp. 52 - 125
Main Authors Jasso, Alan Francisco Rodríguez, García, Arturo Briseño, del Castillo, Ana Luz de Zorrilla
Format Journal Article
LanguageEnglish
Spanish
Published Madrid Universidad Camilo Jose Cela 30.09.2021
Subjects
Carbon
Climate change
Companies
Corporate image
Costs
Decision making
Emissions
Emissions trading
Environmental impact
Environmental management
Executives
Greenhouse gases
Legitimacy
Market positioning
R&D
Reputations
Research & development
Stakeholders
Strategic planning
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Summary:Climate change is an international concern to be addressed in the short term, and firms have an active role in its reduction. This paper analyzes the effect that strategic climate planning has on carbon performance in Mexican listed firms. The stakeholder and Institutional perspectives provide a theoretical framework to explain the external pressure that modifies the current economic logic to obtain legitimacy on climate change. Using Bloomberg and Thomson Eikon data from 2014-2018 and a random-effect method panel analysis regression, our results suggest a significant effect of strategic planning along with the emission trading component on carbon performance.
ISSN:2659-3270
DOI:10.3232/UBR.2021.V18.N3.02