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Corporate Climate Adaptation: Translating Complex Societal Risks into Business as Usual [Pehme köide]

(Stockholm University), (Stockholm University)
As private companies assume a growing role in climate adaptation, their strategies may harm society and ecosystems unless grounded in responsible business conduct. This Element offers a new perspective on responsible business conduct in climate adaptation, presenting a theoretical framework that explains how regulatory and political factors external to firms influence their consideration of societal needs when adapting to climate change. Using a novel quantitative and qualitative dataset, the Element shows that the world's largest mining companies have primarily addressed climate risks through conventional corporate social responsibility strategies rather than procedural components of responsible business conduct, such as risk assessments, participation, and transparency. The results suggest this outcome is best explained by a combination of weak governance, lax voluntary standards, and civil society advocacy. This title is also available as Open Access on Cambridge Core.

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As climate risks intensify, the ways in which multinational companies adapt will profoundly affect surrounding communities and ecosystems.
1. Introduction: why corporate adaptation matters;
2. A theoretical
framework for studying responsible business conduct in adaptation;
3. Mapping
responsible business conduct in adaptation;
4. Explaining (Ir)responsible
business conduct in adaptation;
5. Conclusion: the future of responsible
corporate adaptation; References.