Now showing 1 - 10 of 14
  • Publication
    Business Response Strategies to Climate Change: An Integrative and Research Frontiers Outlook
    (SAGE Publications, 2023) ;
    Soolim Park
    ;
    Jorge Rivera
    As climate change (CC)-related adversity has become more evident, physical CC impacts and the need to respond to it are now a prominent topic in the political agenda in multiple countries. Accordingly, businesses have begun to adopt strategies to seeking to respond to CC. Recently, strategy and general management scholars have produced a growing number of articles examining the factors that increase the adoption of CC strategies, and, in a few cases, the environmental and financial performance implications of these strategies. Our review indicates that: (a) business research tends to dismiss CC-related adversity, with much of the research on drivers of responses highlighting a clear anthropocentric bias; (b) many papers discuss either adaptation or mitigation without much examination of synergies and tradeoffs between strategies; and (c) we know little about what and how physical climate conditions affect firms and their ability to achieve and sustain a competitive advantage.
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  • Publication
    Measuring the Impact of Conservation: The Growing Importance of Monitoring Fauna, Flora and Funga
    ( 2022-09-30)
    Pj Stephenson
    ;
    Maria Cecilia Londono Murcia
    ;
    Paulo Borges
    ;
    Louw Claassens
    ;
    Heidrun Frisch-Nwakanma
    ;
    Nicholas Ling
    ;
    Sapphire Mcmullan-fisher
    ;
    Jessica J. Meeuwig
    ;
    ; ;
    Ian J. Burfield
    ;
    Danilo do Carmo Vieira Correa
    ;
    Gary N. Geller
    ;
    Irina Montenegro Paredes
    ;
    Leonard K. Mubalama
    ;
    Yaa Ntiamoa-baidu
    ;
    Ignacio Roesler
    ;
    Francesco Rovero
    ;
    Yash Pal Sharma
    ;
    Nara Wisesa
    ;
    Jun Yang
    ;
    Luca Fumagalli
    Many stakeholders, from governments to civil society to businesses, lack the data they need to make informed decisions on biodiversity, jeopardising efforts to conserve, restore and sustainably manage nature. Here we review the importance of enhancing biodiversity monitoring, assess the challenges involved and identify potential solutions. Capacity for biodiversity monitoring needs to be enhanced urgently, especially in poorer, high-biodiversity countries where data gaps are disproportionately high. Modern tools and technologies, including remote sensing, bioacoustics and environmental DNA, should be used at larger scales to fill taxonomic and geographic data gaps, especially in the tropics, in marine and freshwater biomes, and for plants, fungi and invertebrates. Stakeholders need to follow best monitoring practices, adopting appropriate indicators and using counterfactual approaches to measure and attribute outcomes and impacts. Data should be made openly and freely available. Companies need to invest in collecting the data required to enhance sustainability in their operations and supply chains. With governments soon to commit to the post-2020 global biodiversity framework, the time is right to make a concerted push on monitoring. However, action at scale is needed now if we are to enhance results-based management adequately to conserve the biodiversity and ecosystem services we all depend on.
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  • Publication
    Where do we go from here? Muddling through business adaptation to climate change
    ( 2024) ;
    Jorge Rivera
    We study the interrelations among climate change (CC)-related extreme events, adaptation strategies, and product price performance within the California wine industry. Drawing upon the resource-based view of the firm, we formulate a hypothesis suggesting that the influence of CC-related extreme events on product performance is mediated by the adaptation strategies employed by firms. Adaptation to CC can be a source of differentiation advantage to firms. In this context, firms strategically adapt to the physical environment to secure access to vital natural resources amidst extreme CC disturbances. Subsequently, these adaptive measures translate into enhanced firm value. To assess our hypotheses, we employ a sample comprising 50,156 wine-winery-year observations for 535 wineries, spanning the years 1981 to 2019, matched with wildfire events. Our results indicate that the adoption of CC adaptation strategies can be a source of value for firms, enabling them to produce products that can be sold at a price premium. We also suggest that firm CC adaptation strategies mediate the relationship between CC-related extreme events and product price.
  • Publication
    Business and Biodiversity: Measurement of an ambiguous goal
    Biodiversity serves as a silent partner to businesses by nurturing critical resources, providing natural infrastructure, and fostering an environment in which industries and businesses thrive. Increasingly, biodiversity loss threatens the natural foundations of businesses and the overall well-being of societies. However, while critical, the relationship between biodiversity and business is neither fully understood nor easily measured as it requires knowledge of biophysical and geospatial data. In this paper, we present a comprehensive framework for measuring biodiversity impacts and dependencies of businesses across ecosystems and species. We develop this framework through the lens of the natural resource dependence theory (NRDT), extending the boundary conditions of NRDT to include biodiversity as a source of uncertainty that affects organizational strategies and performance. Based on our framework, we offer six main categories of importance when measuring biodiversity: 1) organizational impacts on ecosystem, 2) organizational impacts on species, 3) ecosystem dependence, and 4) species dependence, 5) ecosystem impacts on organizations, and 6) species impacts on organizations. We delve into each category, describe measurement implications, highlight the main data sources, and examine the geographical scale of data sources. We make a methodological contribution by using geographic information system (GIS) data to connect biodiversity data to locations of organization facilities. Finally, we derive practically relevant measurement goals from our framework.
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  • Publication
    Business and Biodiversity: Measurement of an Ambiguous Goal
    Biodiversity serves as a silent partner to businesses by nurturing critical resources, providing natural infrastructure, and fostering an environment in which industries and businesses thrive. Increasingly, biodiversity loss threatens the natural foundations of businesses and the overall well-being of societies. However, the relationship between biodiversity and business is neither fully understood nor easily measured as it requires knowledge of biophysical and geospatial data. In this paper, we present a comprehensive framework for measuring biodiversity impacts and dependencies of businesses across ecosystems and species. We develop this framework through the lens of the natural resource dependence theory (NRDT), extending the boundary conditions of NRDT to include biodiversity as a source of uncertainty that affects organizational strategies and performance. Based on our framework, we offer six main categories of importance when measuring biodiversity: 1) organizational impacts on ecosystem, 2) organizational impacts on species, 3) ecosystem dependence, and 4) species dependence, 5) ecosystem impacts on organizations, and 6) species impacts on organizations.
  • Publication
    Business and biodiversity: Measurement of an ambiguous goal
    Biodiversity serves as a silent partner to businesses by nurturing critical resources, providing natural infrastructure, and fostering an environment in which industries and businesses thrive. Increasingly, biodiversity loss threatens the natural foundations of businesses and the overall well-being of societies. However, while critical, the relationship between biodiversity and business is neither fully understood nor easily measured as it requires knowledge of biophysical and geospatial data. In this paper, we present a comprehensive framework for measuring biodiversity impacts and dependencies of businesses across ecosystems and species. We develop this framework through the lens of the natural resource dependence theory (NRDT), extending the boundary conditions of NRDT to include biodiversity as a source of uncertainty that affects organizational strategies and performance. Based on our framework, we offer six main categories of importance when measuring biodiversity: 1) organizational impacts on ecosystem, 2) organizational impacts on species, 3) ecosystem dependence, and 4) species dependence, 5) ecosystem impacts on organizations, and 6) species impacts on organizations. We delve into each category, describe measurement implications, highlight the main data sources, and examine the geographical scale of data sources. We make a methodological contribution by using geographic information system (GIS) data to connect biodiversity data to locations of organization facilities. Finally, we derive practically relevant measurement goals from our framework.