Climate Change Mitigation, Adaptation Practices, and Business Performance in Brazilian Industrial Companies

Abstract

This study sought to analyze the level of adopted climate change mitigation and adaptation practices and their relationship with the performance of Brazilian industrial companies. The data were collected through an e-survey in 40 Brazilian industrial companies linked to the Carbon Disclosure Project (CDP) and analyzed using univariate and multivariate statistical methods. Mitigation and adaptation practices were adopted as independent variables against climate change, while performance parameters (financial, innovative, production, market, and export performance) were included as the dependent variables. Our findings indicate that Brazilian industrial companies have been adopting both corporate practices of mitigation and adaptation to climate change and show that there are relationships between mitigation and adaptation practices and different dimensions of corporate performance. This study contributes to scientific advancement and developing a theoretical model that addresses, in an integrated manner, managing climate change adaptation and mitigation practices and corporate performance.