Banca de DEFESA: DANIEL KOULOUKOUI

Uma banca de DEFESA de DOUTORADO foi cadastrada pelo programa.
DISCENTE : DANIEL KOULOUKOUI
DATA : 12/07/2021
HORA: 09:00
LOCAL: videoconferência na plataforma RNP (sala PEI-UFBA)
TÍTULO:
PALAVRAS-CHAVES:

Climate change. Regulatory risk. Physical risk. Market risk. Response to climate risk. Mitigation and Adaptation. Theory of legitimacy. Agency theory. Stakeholder theory.

PÁGINAS: 173
GRANDE ÁREA: Engenharias
ÁREA: Engenharia de Produção
RESUMO:

Climate risks can have significant economic and financial implications for companies in all sectors and addressing them requires effective and urgent responses. Therefore, companies need to understand these risks, identify them, evaluate them and take steps to manage them. The main objective of this study was to investigate the potential factors that influence the implementation of climate change strategies by corporations, in the light of the Theory of Legitimacy, Agency, and Stakeholders. To achieve this, an empirical study was carried out in Brazilian, French, and US companies, listed on stock exchanges, which answered the questionnaires of the Carbon Disclosure Project (CDP), in the period between 2016 and 2018, totaling 639 observations. Evidence suggests that although awareness of climate risk exposure by companies surveyed is embryonic, 97%, 96%,
and 88%, respectively, of French, American, and Brazilian organizations integrate climate risk management into the global and interdisciplinary risk management process. It was also discovered that numerous multinational companies claim that they have not identified any climate risk with the potential to impact their business. Globally, the companies analyzed are 1.41 times more exposed to regulatory risk than to physical risk. On the other hand, they are 3.12 times more exposed to regulatory risks than to market risks. Also, 31% of Brazilian companies did not have any projects effectively implemented; this percentage is 15% in France and 8% in the USA. In addition, 30%, 7%, and 8% had no climate initiative implemented, respectively from Brazil, France, and the USA. The overwhelming majority of the initiatives implemented in all countries is “energy efficiency” while the least implemented were solar and wind energy. Thus, companies are increasingly betting on energy efficiency as the most efficient way to reduce gas emissions, the main cause of global warming. It was concluded that the climate change efforts of the analyzed companies are still timid and incipient. The modeling results showed that of the 14 factors analyzed, 13 influence differently from one country to another. There are 4 key factors that, regardless of the country or region, determine the implementation of climate strategies by
companies: profitability, size of the board of directors, climate regulation, and the auditing company. Evidence revealed that, despite the low level of maturity in the management of climate risks and very timid and incipient efforts regarding the strategies to deal with climate change of the analyzed companies, if incentive measures are adopted that increase economic and financial performance (incentives for example), or increasing the size of the board of directors, or creating new climate regulations or tightening existing ones, as well as encouraging the adoption of an audit process would directly increase the implementation of climate change strategies.

MEMBROS DA BANCA:
Externa à Instituição - Nathalie DE MARCELLIS
Externo à Instituição - Luis M. Serra
Externo ao Programa - 1429447 - ANGELO MARCIO OLIVEIRA SANT ANNA
Presidente - 286723 - EDNILDO ANDRADE TORRES
Interno - 1523793 - SILVIO ALEXANDRE BEISL VIEIRA DE MELO