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Corporate Climate Adaptation

Translating Complex Societal Risks into Business as Usual

Expected online publication date:  24 March 2026

Maria-Therese Gustafsson
Affiliation:
Stockholm University
Lisa Dellmuth
Affiliation:
Stockholm University

Summary

As private companies assume a growing role in climate adaptation, their strategies may harm society and ecosystems unless grounded in responsible business conduct. This Element offers a new perspective on responsible business conduct in climate adaptation, presenting a theoretical framework that explains how regulatory and political factors external to firms influence their consideration of societal needs when adapting to climate change. Using a novel quantitative and qualitative dataset, the Element shows that the world's largest mining companies have primarily addressed climate risks through conventional corporate social responsibility strategies rather than procedural components of responsible business conduct, such as risk assessments, participation, and transparency. The results suggest this outcome is best explained by a combination of weak governance, lax voluntary standards, and civil society advocacy. This title is also available as Open Access on Cambridge Core.

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Element
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Online ISBN: 9781009780636
Publisher: Cambridge University Press
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - ND
This content is Open Access and distributed under the terms of the Creative Commons Attribution licence CC-BY-ND 4.0 https://creativecommons.org/cclicenses/

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Corporate Climate Adaptation
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