Abstract
Climate change is one of the most critical issues in the business sector. This conceptual study proposes a corporate competitiveness evaluation model of climate change by adopting the Balanced Scorecard approach. This study provides a series of specific performance and competitiveness indicators of climate change in the four dimensions of learning and growth, internal process, external stakeholders, and finance and carbon performance. The indicators, which use both quantitative and qualitative methods, can be immediately applied in the field. This study presents practical guidelines to successfully adopt and implement the competitiveness evaluation model in an organization by considering prevalent innovation tools of business process management, process visualization, and knowledge socialization. Finally, it provides some implications for managers and policy-makers who wish to proactively address climate change in the business sector.
Highlights
Climate change has emerged as one of the most critical political, economic, and social challenges of the 21st century
This study develops a conceptual framework of the corporate competitiveness of climate change based on the concept of the balanced scorecard (BSC)
In the climate change competitiveness framework, we extend the scope of customers to include other external stakeholders, including governments, investors, the local community, and NGOs
Summary
Climate change has emerged as one of the most critical political, economic, and social challenges of the 21st century. Firms’ response to climate change has increasingly influenced their competitiveness and performance because they are vulnerable to the direct physical impacts of climate change and they face the increasing expectations of various stakeholders, such as governments, financial institutions, consumers, and local communities for corporate policies, plans, and programs, in addition to appropriate measures to tackle climate change [4] Some leading companies, such as Pacific Gas and Electric (PG and E), Ford Motor. The model’s objective is to provide a rationale for the validity of employing the concept of balanced scorecard (BSC) to measure and evaluate a firm’s climate change competitiveness from internal and external aspects as well as short and long-term perspectives This conceptual study presents a framework to help companies monitor and evaluate the current level of corporate climate change competitiveness and thereby seek opportunities for continuous improvements.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
