Transparent Climate Alliances: Principles for Greater Effectiveness and Legitimacy

14 Pages Posted: 25 Jul 2023

See all articles by Peter Tufano

Peter Tufano

Harvard Business School; University of Oxford, Said Business School

Chris Thomas

Weil Gotshal & Manges LLP

Knut Haanaes

IMD

Matteo Gasparini

University of Oxford - Institute for New Economic Thinking at the Oxford Martin School; University of Oxford, Smith School of Enterprise and the Environment

Robert Eyres

Weil Gotshal & Manges LLP

Chris Chapman

Weil Gotshal & Manges LLP

Date Written: May 06, 2023

Abstract

To meet the urgent and enormous task of addressing climate change will require considerable action by all sectors of society, including business. Beyond individual firm action, business climate alliances have been formed to achieve a variety of ends, including setting collective ambitions, sharing best practices, setting standards, and encouraging the establishment of nascent markets. These alliances that do important work need to be strengthened and legitimized. We recommend a set of practices and voluntary disclosures that we believe would help build trust and confidence in these alliances and in turn enable them to become more effective.

Keywords: Climate alliances, Climate change, Climate cooperation

JEL Classification: M10, Q50

Suggested Citation

Tufano, Peter and Thomas, Chris and Haanaes, Knut and Gasparini, Matteo and Eyres, Robert and Chapman, Chris, Transparent Climate Alliances: Principles for Greater Effectiveness and Legitimacy (May 06, 2023). Available at SSRN: https://ssrn.com/abstract=4513303 or http://dx.doi.org/10.2139/ssrn.4513303

Peter Tufano (Contact Author)

Harvard Business School ( email )

Soldiers Field Road
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Boston, MA 02163
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University of Oxford, Said Business School

Park End Street
Oxford, OX1 1HP
Great Britain

Chris Thomas

Weil Gotshal & Manges LLP ( email )

767 Fifth Avenue
New York, NY 10153
United States

Knut Haanaes

IMD ( email )

Ch. de Bellerive 23
P.O. Box 915
CH-1001 Lausanne
Switzerland

Matteo Gasparini

University of Oxford - Institute for New Economic Thinking at the Oxford Martin School ( email )

Manor Road Building
Oxford, OX1 3UQ
United Kingdom

University of Oxford, Smith School of Enterprise and the Environment ( email )

Robert Eyres

Weil Gotshal & Manges LLP ( email )

767 Fifth Avenue
New York, NY 10153
United States

Chris Chapman

Weil Gotshal & Manges LLP ( email )

767 Fifth Avenue
New York, NY 10153
United States

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