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dc.contributor.authoralbitar, Khaldoonen_UK
dc.contributor.authorAl-Shaer, Habibaen_UK
dc.contributor.authorLiu, Stephanieen_UK
dc.description.abstractClimate change represents a significant problem for the planet which raises concerns from stakeholder groups about corporate commitment to climate change issues. In this paper, we explore the effect of eco-innovation and climate governance on corporate commitment to climate change. We develop a unique measure for climate change commitment by considering four components, viz. whether a company supports the Sustainable Development Goal 13 on climate action, whether a company is aware that climate change can represent commercial risks or opportunities, whether a company reports Scope 3 CO2 emissions and whether a company sets a target for emission reduction. We measure eco-innovation by using a score collected from the Eikon database that reflects a company’s capacity to reduce environmental costs, eco-innovation intensity measured as environmental expenditures over revenues. We also create an index computed as a composite score by totalling five eco-innovation proxies collected from the Eikon database that reflect companies’ efforts to reduce environmental impact. Concerning climate governance, we focus on three proxies, namely the existence of an environmental committee, climate incentives and the existence of sustainability reports. Based on a sample of companies listed on the London Stock Exchange for the period of 2014–2020, we find that corporate eco-innovation is positively associated with climate change commitment. We argue that firms that adopt innovative approaches to efficiently control pollution and resource use and reduce their environmental impact are more committed to climate change. We also find that climate governance is positively associated with climate change commitment. We claim that companies that integrate climate change issues in governance can help address climate change risks and opportunities. Our empirical evidence provides recommendations for managers and policymakers to promote the adoption of eco-innovative technologies and integrate climate change issues in governance, which can contribute to corporate commitment to climate change.en_UK
dc.relationalbitar K, Al-Shaer H & Liu S (2023) Corporate Commitment to Climate Change: The Effect of Eco-Innovation and Climate Governance. <i>Research Policy</i>, 52 (2), Art. No.: 104697.
dc.rightsThis is an open access article distributed under the terms of the Creative Commons CC-BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article. To request permission for a type of use not listed, please contact Elsevier Global Rights Department.en_UK
dc.subjectClimate change commitmenten_UK
dc.subjectClimate governanceen_UK
dc.subjectResource-based viewen_UK
dc.titleCorporate Commitment to Climate Change: The Effect of Eco-Innovation and Climate Governanceen_UK
dc.typeJournal Articleen_UK
dc.citation.jtitleResearch Policyen_UK
dc.type.statusVoR - Version of Recorden_UK
dc.contributor.funderNewcastle Universityen_UK
dc.contributor.affiliationUniversity of Portsmouthen_UK
dc.contributor.affiliationNewcastle Universityen_UK
dc.contributor.affiliationUniversity of Readingen_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeJournal Article/Reviewen_UK
local.rioxx.authoralbitar, Khaldoon|en_UK
local.rioxx.authorAl-Shaer, Habiba|0000-0002-9172-4025en_UK
local.rioxx.authorLiu, Stephanie|en_UK
local.rioxx.projectProject ID unknown|Newcastle University|
Appears in Collections:Accounting and Finance Journal Articles

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