Susanne Arvidsson
Associate professor, Centre Director
The firms’ integration process of the twin pillars of environmental sustainability: climate change and biodiversity loss
Author
Summary, in English
This study examines the integration of climate change and biodiversity into business strategies and governance structures of listed firms on the Swedish stock exchange NasdaqOMX Large Cap. The results show clear disparities in the level of integration and the factors driving the integration process. All, but a few small firms, have integrated climate change into business strategies, and are ahead in the process of integrating it into governance structures. Biodiversity integration is lagging behind the integration of climate change. We also find that the integration process depends on the sustainability competences within the board unlike climate change when the board composition is less important. Additionally, our results show that firms require external pressures from, e.g., regulations to integrate biodiversity and climate change into business strategies and governance structures.
Department/s
- Department of Economics
- LU Profile Area: Nature-based future solutions
- Accounting and Corporate Finance
Publishing year
2024-04-04
Language
English
Publication/Series
Working Papers
Issue
2024:2
Full text
Document type
Working paper
Topic
- Business Administration
Keywords
- biodiversity
- climate change
- sustainable finance
- business strategy
- governance structure
- CSRD
- EU Taxonomy
- biodiversity
- climate change
- ustainable finance
- business strategy
- governance structures
- CSRD
Status
Published