Multinational Enterprises' strategic dynamics and climate change: drivers, barriers and impacts of necessary organisational change

Abstract

Given the impending necessity to move towards sustainability, the main political, economic and societal actors are looking for innovative solutions to face the challenges associated with global climate change. Global warming is considered as being very critical and there is an emergency to bring international responses (Pinkse and Kolk, 2012). An ever increasing number of countries, regions, industries, ecosystems and social groups are confronted at the same time by the impacts of climate change in the economy and society as a whole (O'Brien and Leichenko, 2000). Beyond a societal contemporary preoccupation, climate change is also an important international business issue strongly related to the organizational behaviors of Multinational Enterprises (MNEs). These organizations have to adapt their strategies to the evolution of the external business context in order to perform environmentally, economically and socially (Chakrabarty and Wang, 2013). Their globalized activities throughout the world will have an important impact on the international business arena (REF) They can accelerate or slow the sustainable development process both locally and globally by acting as one of the main actors of the international globalized economy (Dunning, 2009; McIntyre et al., 2009). In such a context, MNEs are paying or at least should be paying substantial attention to the recent evolution of the institutional context related to climate change that may affect their future corporate and business strategies (Stern, 2007). MNEs have been adopting different strategies as the present implications of climate

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