The chapter explores the corporate risks and opportunities in low carbon economy in order to provide references for business to tackle the global warming issue. It first discusses severe consequence of climate change and points out that the low carbon economy is to mitigate climate change. Then different perspectives of low carbon economy and similar connotations are introduced. It is found that companies are driven to practise environmental responsibility by various risks. In particular, these risks come from international policies, investors, national regulations, customers, peers, sub-sectors, and supply chains. Finally, the opportunities and benefits of low carbon responsibility are illustrated. The research shows that if the enterprises actively take low carbon responsibility, they will get the opportunities to develop corporate capabilities, benefits of early movement and advantages of brand effect.
Hong, W. (2013), "Corporate Risks and Responsibilities in Low Carbon Economy", Crowther, D. and Aras, G. (Ed.) The Governance of Risk (Developments in Corporate Governance and Responsibility, Vol. 5), Emerald Group Publishing Limited, Bingley, pp. 73-93. https://doi.org/10.1108/S2043-0523(2013)0000005007Download as .RIS
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