Climate Change, regulation and investment decisions

The project analyzes how companies in the energy and energy intensive sectors develop strategies to cope with a carbon constraint business future. The central question is how and to what extent greenhouse gas emissions are transformed into salient factors which influence decision-making in companies. We look for indicators of the emergence of carbon management as an established management field with accepted routines and procedures, and aim at identifying drivers of and barriers to this process.

The project combines approaches from economic sociology with organization theory, and is also informed by business and management research in economics. We look particularly at professional identities of managers and at routine organizational behaviour.

The project will be organized as a series of interconnected case studies on sectors and individual companies. The first paper looks at the role of the Carbon Disclosure Project (a voluntary carbon reporting standard with relatively broad coverage of companies, countries and sectors), analyzing practices of companies in the energy and energy intensive sectors (working title “The institutionalization of carbon disclosure”); it tests several indicators of institutionalization and thus provides a contribution to the methodological development of the field as well as an analysis of the topic itself.