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How Climate Change Became a Business Risk: Analyzing Nonstate Agency in Global Climate Politics

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  • Philipp Pattberg

    (Institute for Environmental Studies, VU University Amsterdam, De Boelelaan 1087, 1081 HV Amsterdam, The Netherlands)

Abstract

Climate change is widely acknowledged as a key business risk. Companies around the globe are taking action to mitigate their carbon emissions, develop climate-friendly products and services, and prepare for the negative impacts of climate change for their operations. Financial investors, on their part, are becoming more concerned about business responses to climate change and begin to demand concrete risk management strategies. In this context an increasing number of private initiatives are seeking to change business behaviour in a more sustainable direction. Key instruments used are governance by disclosure. This paper explores the agency of nonstate actors in manufacturing climate change into a key business risk, a development that enabled the use of disclosure-based governance mechanisms in global climate politics.

Suggested Citation

  • Philipp Pattberg, 2012. "How Climate Change Became a Business Risk: Analyzing Nonstate Agency in Global Climate Politics," Environment and Planning C, , vol. 30(4), pages 613-626, August.
    • Handle: RePEc:sae:envirc:v:30:y:2012:i:4:p:613-626
    DOI: 10.1068/c1179
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    References listed on IDEAS

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    4. Adam Harmes, 2011. "The Limits of Carbon Disclosure: Theorizing the Business Case for Investor Environmentalism," Global Environmental Politics, MIT Press, vol. 11(2), pages 98-119, May.
    5. Eleni Dellas & Philipp Pattberg & Michele Betsill, 2011. "Agency in earth system governance: refining a research agenda," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 11(1), pages 85-98, March.
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