Authors: Aditee Potdar; Seema Unnikrishnan; Anju Singh
Addresses: National Institute of Industrial Engineering (NITIE), Vihar lake road, Mumbai – 87, India ' National Institute of Industrial Engineering (NITIE), Vihar lake road, Mumbai – 87, India ' National Institute of Industrial Engineering (NITIE), Vihar lake road, Mumbai – 87, India
Abstract: This paper proposes a framework for climate change management in business organisations. In the proposed framework, regulations play a substantial role in translating the response drivers to mitigation activities and ultimately leading to the formation of a climate change strategy. The proposed framework is validated in the Indian context by designing a questionnaire and administering it to 166 manufacturing organisations. The organisational responses are subjected to exploratory factor analysis to derive items that are central to the Indian context. The findings suggest that physical risk due to climate change affects the firms greatly. Procurement and supply chain management are the areas where firms could initiate significant mitigation actions. The organisations anticipate the government bringing out climate change related rules and standards for further mitigation. It can be concluded that the organisations perceive climate change as a risk and are exploring opportunities to tackle the challenge to gain benefits from it.
Keywords: climate change; regulations; mitigation; risk; business organisations; India.
World Review of Entrepreneurship, Management and Sustainable Development, 2019 Vol.15 No.3, pp.303 - 334
Received: 04 Jan 2017
Accepted: 07 May 2017
Published online: 02 May 2019 *