A Strategic Approach to Climate

  • Porter M
  • Reinhardt F
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C limate change is now a fact of political life and is playing a growing role in business competition. Greenhouse gas emissions will be increasingly scrutinized, regulated, and priced. While individual managers can disagree about how immediate and signifi cant the im- pact of climate change will be, compa- nies need to take action now. Companies that persist in treating climate change solely as a corporate social responsibility issue, rather than a business problem, will risk the greatest consequences. Of course, a company’s climate policies will be affected by stakeholder expectations and standards for social responsibility. But the effects of climate on companies’ operations are now so tangible and certain that the issue is best addressed with the tools of the strategist, not the philanthropist. From

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  • Michael Eugene Porter

  • Forest L Reinhardt

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