Climate change strategies of selected greek businesses: An empirical investigation

Abstract

This paper explores the strategies adopted by a sample of Greek businesses in relation to climate change mitigation and adaptation issues. In particular, the voluntary initiatives of a sample of Greek businesses with respect to climate change issues are examined, such as voluntary involvement in national and international associations on climate change, emission trading, the installation of low-carbon intensive equipment and carbon reduction management. An analysis of Corporate Social Responsibility (CSR) reports is presented. Specifically, the methodology used in this study is based mainly on a synthesis of methodologies previously used in other academic articles focusing on business climate change. The sample of businesses was selected using the following criteria: the existence of published CSR reports; the impact on the environment of the industry in which the selected businesses operate; and the environmental protection practices undertaken on climate change issues. It was discovered that the selected Greek businesses adopt either political or strategic actions to face climate change problems. The findings show that over half of the businesses adopt political actions, while the total sample implemented various types of strategies to respond to climate change problems. This paper represents primary research into the climate change strategies of a selected number of Greek businesses, and could be useful for a range of other national and international businesses and academics.