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To meet the urgent and enormous task of addressing climate change will require considerable action by all sectors of society, including business. Beyond individual firm action, business climate alliances have been formed to achieve a variety of ends, including setting collective ambitions,...
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Using a large sample over the period 1986 to 2017, we show that companies with higher exposure to climate change risk induced by sea-level rise (SLR) tend to acquire firms that are unlikely to be directly affected by SLR. We find that acquirers with higher SLR exposure experience significantly...
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world with the growing importance of climate change. Succumbing to increasing pressure, companies and financial institutions … around the world have come to adopt net-zero transition plans and targets, pledging to hit certain emission-reduction targets … in a long-term period. Moreover, regulators around the world have started to require the disclosure or adoption of net …
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