The Limits of Business Case Logic: A Case Study of Climate Friendly Banks
22 Pages Posted: 27 Sep 2013 Last revised: 10 Oct 2013
Date Written: September 28, 2013
This article examines whether and to what extent business case-induced voluntary corporate change can facilitate broader societal change. It does so through analysis of an empirical case study: banks and climate change. Specifically, it investigates whether it is prudent to put our faith in purely voluntary action as the mode by which banks assist timely transition to a low-carbon economy when such action is borne of business case logic. In so doing, this article provides practical insights into the limits of self-regulation, and contributes to the broader intellectual debate about self-regulation versus government intervention.
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