As a growing number of studies have demonstrated, climate change poses a significant threat to future social and economic activities. Indeed, the language of ‘risk’ has become a perennial theme in discussions of future climate change impacts and a central construct for how businesses respond to and ‘manage’ climate change.
Recently Daniel Nyberg and I had an article accepted for publication in the journal Organization exploring how corporations have responded to climate uncertainties and threats as ‘risks’ (pre-print PDF here). Conventional cognitive-scientific depictions of risk see organisations as ontologically separate from the risk they act upon. The core assumption underlying risk management is that risk is ‘out there’ and it just has to be ‘found’ and ‘captured’ by professional experts using statistical tools and analysis.
Continue reading Risky business: Corporate constructions of climate change risk
Guest post by Professor Dirk Matten
Nearly a decade ago, The Economist ran a special report on corporate social responsibility (CSR) which opened with the line: ‘CSR has won the battle of ideas’. What was true back then in 2005 is certainly a truism today. Hardly any major company does not tell you on their website, their reports or other communications what they are doing with regard to CSR (or whichever other label they choose for this).
Continue reading Corporate Social Responsibility at the Crossroads
In the decade ahead, Australia and the world will face environmental, social and financial challenges of an unprecedented scale. These include tensions between economic growth and environmental degradation, a need to dramatically reduce greenhouse gas emissions in response to climate change, and pressure to improve social inclusion and equity in a world of significant poverty and inequity. Businesses are clearly key players when it comes to responding to these challenges, but can businesses look beyond their short-term bottom line and better balance their economic needs with social and environmental priorities?
In focusing on these issues, recently the University of Sydney Business School launched its Balanced Enterprise Research Network (BERN) which explores how business in particular, can better balance economic, environmental and social concerns and improve the well-being of a wide range of stakeholders, including employees, communities and society more generally.
Continue reading New research network focuses on sustainability and business