Corporate Awareness of Climate Change and Its Management: An Indian Perspective

Abstract

Awareness about climate change and ways to manage it are necessary prerequisites for any business aiming to reduce carbon emissions. A survey of 107 managers was used in one of the earliest attempts to know the climate change perception and carbon management awareness of Indian businesses. The respondents also gave specific and pertinent qualitative comments. The consensus on the magnitude of climate change and the role of humans and businesses is not reflected while acknowledging their organization's role in exacerbating the situation. Service-sector organizations consider themselves less energy-intensive and less polluting. Large companies, those from the manufacturing sector, private ownership, global presence, and respondents from sustainability functions were more aware of carbon management. The Ordinary Least Squares regression with multi-model inference (using the information-theoretic approach) indicated that the respondent's function, industry type, gender, and geography of operation of the organization are significant predictors of climate change and management awareness.