This week the topic we explore relates to effective business strategies to address the climate change challenge including the ‘No Regrets’ strategy. An effective response requires understanding the carbon exposure of the firm, various business and operational risks (including reputational risks) as well as opportunities provided by the physical impacts and the policy environment. The factors that influence corporate positions on climate change: external, industry and company-specific factors (see e.g. Table 5.1 of Pinkse & Kolk, 2009). Reflect on how these factors influence various corporate positions on climate change.
a. Describe the ‘No Regret’ strategy in responding to climate change.
b. In the corporate case or sector you have chosen for the assignment are there any ‘No regrets’ strategies available?
a. Identify and rank two risks to the sector or company from climate change.
b. Identify one opportunity that climate change policy presents the sector or company with?
c. Identify the best strategic choice available to the sector or company?
Reflect: Write two good questions about any issues covered in this tutorial problem set.