Author: Sundaram, Anant K.
Source: Tuck School of Business, Dartmouth University
Number of pages: 13
The goal of 'Business and Climate Change (BCC)' is to explore whether CEOs and CFOs of shareholder value-maximizing companies should care about climate change and the emerging climate economy, and if so, why, how, and what they can learn from the many forward-thinking companies that are getting in front of the issue.
Why are many taking it head on? Simply put, they know they are the constituency with the largest cause-and-effect relationship to climate change. Through their resource use and greenhouse (GHG) emissions, they are the cause of climate change; the effect of mitigating and adapting to it - ultimately solving the problem - will be a major source of costs for some, and benefits for others. BCC has four specific goals:
(1) To develop your awareness of the issue of climate change and the opportunities/challenges it presents for shareholder value-maximizing businesses;
(2) To understand the emerging climate economy and what it means to your company, its industry, and the global economy;
(3) To develop the frameworks to assess the market value/value-at-risk consequences of firms' exposure to climate change risks, their fossil fuel use, carbon footprints and GHG emissions; and the economic analysis tools to assess impacts of likely regulatory responses to climate change;
(4) To develop your understanding of corporate responses to climate change and to inform your ability to shape the conversation in your company.
Business and Climate Change (213k)
Author(s): Sundaram, Anant K.
Product Type: Notes
1) What led to the creation of the course 'Business and Climate Change'?
2) Why is climate change one of the momentous societal and economic concerns of our time?
3) Why should CEOs, CFOs, and Board of Directors care?
4) But what if these climate change-related worries and forecasts turn out to be an exaggeration?