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Intra-Sectoral Differences in Climate Change Strategies: Evidence from the Global Automotive Industry.

Authors
  • Damert, Matthias1
  • Baumgartner, Rupert J1
  • 1 Institute for Systems Sciences, Innovation and Sustainability Research (ISIS) and FWF-DK Climate Change University of Graz Graz Austria. , (Austria)
Type
Published Article
Journal
Business strategy and the environment
Publication Date
Mar 01, 2018
Volume
27
Issue
3
Pages
265–281
Identifiers
DOI: 10.1002/bse.1968
PMID: 30008520
Source
Medline
Keywords
Language
English
License
Unknown

Abstract

Companies are increasingly challenged for action on climate change. Most studies on business responses to climate change focus on cross-sector comparisons and neglect intra-sectoral dynamics. This paper investigates the influence of supply chain position and regional affiliation on climate change strategies within a particular industry. We present a generic framework integrating both market and non-market responses to climate change. We argue that climate change strategies comprise several corporate activities that have different foci of interaction and four main objectives: governance, innovation, compensation and legitimation. Using a global sample of 116 automotive companies, we conduct a cluster analysis and identify four types of strategy. We find that the sophistication of automobile manufacturers' strategies significantly differs from that of suppliers. Regional affiliation and firm size prove to be determinants of the strategy type pursued. We cannot find evidence for a relationship between financial performance and a company's strategic approach to climate change. © 2017 The Authors. Business Strategy and the Environment published by ERP Environment and John Wiley & Sons Ltd.

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