Do Sustainability Rating Schemes Capture Climate Goals?. Issue 1 (January 2021)
- Record Type:
- Journal Article
- Title:
- Do Sustainability Rating Schemes Capture Climate Goals?. Issue 1 (January 2021)
- Main Title:
- Do Sustainability Rating Schemes Capture Climate Goals?
- Authors:
- Rekker, Saphira A. C.
Humphrey, Jacquelyn E.
O'Brien, Katherine R. - Other Names:
- Wasieleski David guest-editor.
Waddock Sandra guest-editor.
Fort Tim guest-editor.
Guimarães-Costa Nuno guest-editor. - Abstract:
- The 2015 Paris Agreement set a global warming limit of 2°C above preindustrial levels. Corporations play an important role in achieving this objective, and methods have recently been developed to map global climate targets to specific industries, and individual corporations within those industries. In this article, we assess whether Sustainability ratings capture corporate performance in meeting the 2°C target. We analyze nine rating schemes used by investors and three commonly used in academic studies. Most rating schemes do consider corporate greenhouse gas emissions in their analysis, whereas only a minority scale emissions by factors that have the potential to allow benchmarking against science-based targets. None take the final step of mapping climate indicators against the 2°C target. Furthermore, we find a lack of consistency in the climate change ratings of the databases used in academic studies. These results are concerning in the context of being able to meet global climate change goals.
- Is Part Of:
- Business and society. Volume 60:Issue 1(2021)
- Journal:
- Business and society
- Issue:
- Volume 60:Issue 1(2021)
- Issue Display:
- Volume 60, Issue 1 (2021)
- Year:
- 2021
- Volume:
- 60
- Issue:
- 1
- Issue Sort Value:
- 2021-0060-0001-0000
- Page Start:
- 125
- Page End:
- 160
- Publication Date:
- 2021-01
- Subjects:
- climate change -- corporate environmental performance
Industries -- Social aspects -- Periodicals
Industrial sociology -- Periodicals
Business ethics -- Periodicals
306.3 - Journal URLs:
- http://bas.sagepub.com ↗
http://www.umi.com/pqdauto ↗
http://www.sagepublications.com/ ↗
http://firstsearch.oclc.org ↗ - DOI:
- 10.1177/0007650319825764 ↗
- Languages:
- English
- ISSNs:
- 0007-6503
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 14713.xml