Corporate attitudes towards climate change and their implications for corporate governance

Author:

Málits Péter1,Drabancz Áron1,Nedim Márton El-Meouch2ORCID

Affiliation:

1. Corvinus University of Budapest

2. University of Pécs

Abstract

The position of science on climate change is quite consistent and grim, but humanity is currently not on the economic trajectory to avoid the most serious consequences. The aim of our research is to assess the financial implications of climate change based on the literature, as well as the attitudes of corporations towards the topic and the observable trends. Based on this review, we illustrate the relationships between climate risks (e.g. transitional and physical risks) and the corporate sector by building a model. According to the results of the modelling, the realization of climate change risks poses a real threat to the long-term operation of companies that are considered unsustainable by the markets.

Publisher

Szegedi Tudományegyetem Gazdaságtudományi Kar

Reference35 articles.

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3. Battiston, S. - Mandel, A. - Monasterolo, I. - Schütze, F. - Visentin, G. (2017): A climate stress-test of the financial system. Nature Climate Change, 7, 283-288 (2017). https://doi.org/10.1038/nclimate3255

4. Civin, V. (1998): Az üvegházhatású gázok kibocsátásainak csökkentése. Iskolakultúra, 1998, 12, 115-120.

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