A Collaborative Approach for Developing Climate Adaptation Strategies for Companies

  • Thanya Weerasinghe Kariyawasam Dona (Speaker)
  • Haigh, R. (Contributor to Paper or Presentation)
  • Amaratunga, D. (Contributor to Paper or Presentation)

Activity: Talk or presentation typesOral presentation

Description

Previous studies on corporate climate change adaptation have indicated a predominantly reactive approach, due to climate risks often being relegated as a residual issue in the corporate risk management process, resulting in limited proactive engagement from management. Nevertheless, companies operating in climate-vulnerable industries and regions will have to respond to the inevitable consequences of climate change. Consequently, there is a compelling need for research to facilitate proactive climate change adaptation, and collaborations with multiple stakeholders have been frequently highlighted as a means for achieving this. As such, this study aims to understand gaps in the literature and potential research directions on collaborative mechanisms for climate change adaptation of companies. To achieve this, a descriptive literature review on Scopus was conducted by combining key concepts, climate change, corporate sector, and collaborations. Several keywords indicative of these key concepts were used as search criteria. Studies published from the year 2000 onwards were included as the importance of partnerships was highlighted following the introduction of the Millenium Development Goals in 2000. Articles that focused on companies were selected to be reviewed based on the abstracts. The findings highlighted that studies focusing on collaborative mechanisms for corporate adaptation to climate change are fragmented. This field represents an emerging research area with limited conceptual and empirical investigations. The majority of the studies reviewed focused on involving companies in broader development initiatives or enhancing community adaptation through Corporate Social Responsibility (CSR) or Public Private Partnerships (PPP). Furthermore, there was a noticeable dearth of research pertaining to companies located in developing countries, particularly the Asian region that is disproportionately affected by climate change. Therefore, researchers have much room to explore collaborations or the institutional environment for advancing the climate resilience of a company’s operations, to conceptualize collective mechanisms for proactive adaptation to climate risks.
Period18 Dec 2023
Event titleUnited Kingdom Alliance for Disaster Research Annual Conference 2023: 2030 AND BEYOND: Risk-informed decision making, investment and behaviour
Event typeConference
LocationHuddersfield, United KingdomShow on map
Degree of RecognitionInternational