Corporations are major contributors to the climate crisis and will play a significant role in the transition to a low carbon economy. Voluntary adoption of formal mechanisms for corporate disclosure on greenhouse gas emissions and other aspects of climate change management–notably, emissions reduction targets–have increased dramatically in recent years, largely driven by pressure from large, institutional investors. However, despite this heightened scrutiny from investors and the general public on corporate climate impacts, increased transparency and adoption of carbon targets have not resulted in meaningful emissions reductions. This talk examines recent trends in corporate disclosure on climate change and identifies several problems uncovered by emerging research that have limited effective corporate action on emissions reductions. I will highlight policy interventions that can improve corporate accountability over carbon targets.
Patrick Callery is an assistant professor of management at the Grossman School of Business. His research integrates strategic management and corporate sustainability, specifically in the context of climate change. Key research themes include the use of disclosure mechanisms to drive effective action on reducing environmental impact and innovative business models to accelerate the transition to a low carbon economy. He teaches courses in business strategy and sustainability.
To learn more about Gund: www.uvm.edu/gund
To learn more about Patrick: https://www.uvm.edu/gund/profiles/patrick-callery
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