CEENRG Thursday seminars: 'Climate risk governance, management and strategies: implications for firm value – a global analysis'

Speaker: Dr Xihui Chen (Associate Professor in Accounting and Finance, Keele University)

The Cambridge Centre for Environment, Energy, and Natural Resource Governance (C-EENRG) is hosting a seminar series throughout the 2024- 25 academic year.

This study investigates the climate risk governance, risk management and climate risk corporate social responsibility (CSR) strategies and their implications for firms. We introduce novel perspectives on climate risk analysis and model a unique measurement of climate risk governance. We draw on a comprehensive dataset of 2,536 firms across 66 countries (2004-2021). Employing fixed-effects regression, we reveal new insights into the climate risk governance and firm value. Further analysis delves into the specific risk governance dimensions, including climate risk management practices, shareholder engagement in climate risk and climate risk CSR strategies, demonstrating that each contributes to affective climate risk management. This research offers compelling evidence that robust climate risk governance and risk management empowers firms to navigate and mitigate climate risks, translating to higher firm value.

Seminars take place as hybrid meetings (in person seminars in the DAB - David Attenborough Building + online in Zoom) every Thursday (please check precise time as may vary) during the term. Please register online to receive the Zoom link on the day of the seminar. Everyone is welcome!