Role of corporations in addressing climate change
Climate change is a proven scientific fact, documented through thousands of peer reviewed, meticulously compiled studies and reports, indicating threats to the world (Fletcher 2013; IPCC 2014; Urban 2015) Climate change is a threat to the global economy and the current way of life, with a potential to affect all facets of life, from social to the economic fabrics of the global society. Businesses as a core component of the social fabric, and businesswomen and businessmen play an integral role in being engaged on issues potentially impacting their corporate bottom lines. While a smaller number of corporations are significant contributors to global warming and GHG emissions, companies in effect contribute to pollution, which leads to global warming and the ensuing climate change impact (Griffin 2017; Riley 2017; Starr 2016) However, companies are actively engaged in pursuing actions to stem the negative impact of climate change and threats from extreme weatherrelated events, in knowing the risk of failed cities, communities, and ultimately infrastructure on their operations. The consequences for corporations may include supply change and transportation disruptions, higher insurance premiums for doing business in certain parts of the world, the negative impact on human resources, and changes in energy supply. Each industry sector from tourism to logistics will be negatively and adversely affected. Linnenluecke and Griffiths (2010) documented the risks of climate change and extreme weather events to business organizations and suggested the strategies for dealing with those beyond traditional adaptation approaches. Corporations may be able to quickly adjust and seek opportunities for long term solutions