Impact of Climate Change on International Business Strategies - HI6008

This business research project explores the multifaceted impact of climate change on international business strategies. The project begins with an introduction highlighting the growing importance of climate change considerations in business operations. It then delves into the reasons for selecting the topic, emphasizing the increasing demand for businesses to address climate-related threats and the integration of various strategies. The project includes a discussion of the team's initial literature search, identifying key reports and studies on the topic. A clear research question is formulated to guide the study, along with the identification of the core research problem. A detailed team charter outlines the team's goals, timeline, responsibilities, roles, meeting expectations, communication processes, and methods for ensuring member contributions and rewarding performance. The project concludes by summarizing the key findings and implications for international business, reinforcing the need for strategic adaptation in response to climate change. The assignment also includes references and a bibliography to support the research.

Running head: IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
Impact of Climate Change on International Business Strategies
Name of the student:
Name of the university:
Author note:

1IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
Table of Contents
Introduction:...................................................................................................................................2
Discussion:.....................................................................................................................................2
Reason for selecting the topic:................................................................................................2
Team’s initial search for relevant literature:..........................................................................2
Research Question:..................................................................................................................3
Research problem:....................................................................................................................3
Team Charter:................................................................................................................................3
Conclusion:....................................................................................................................................8
References:......................................................................................................................................9
Bibliography:.................................................................................................................................10

2IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
Introduction:
With the increasing demand in business to respond to the threats that are caused
with the change of climate different companies are integrating different strategies
including their people, process and technology initiatives. Business initiatives in
response to the change of climate is a widely spread topic consisting of various
activities such as risking fragmentation. This part of the report is prepared so as to focus
on the topic and the reason for which it gained interest among the team while
discussing the relevant research problem and research question related to the topic.
Discussion:
Reason for selecting the topic:
The impact of climate on the International business strategies is one of the
demanding eras in business sectors that are concerned with the response to the threats
that are caused due to climate change (Kopnina and Blewitt 2018). It is the level of
consumption of energy within their environmental related business management
practices. Governments and other working organizations are also often seen that many
of the companies adopt strategies so as to reduce greenhouse emission while
minimizing adopting policies in order to significantly reduce the global greenhouse
emission of gas (Mårtensson and Westerberg 2016). The change of climate has always
been the major issue that impacts on the adoption of strategically business operations
and hence it is regarded as one of the best topic that could be chosen for the research.
Team’s initial search for relevant literature:
With the increasing number of business organizations, the implementation of
different policies so as to reduce the effect of greenhouse emission has become one of
the long term strategies that business organizations are gradually taking up (Begg, Van
der Woerd and Levy 2018). According to different reports, it is reflected that among the
top companies in the world, about 80% of the business organizations have considered
that the change in climate are more likely to affect their organizations with the growing
consequences of global warming (Hahn, Reimsbach and Schiemann 2015).

3IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
Like any other business organization across the world, the corporate and
business sectors of the North America and other European countries have responded to
the change of climate while following path of aggressive resistance and denial of climate
change while discrediting the climate science through the acceptance of climate science
(Ben‐Amar and McIlkenny 2015). Like any other business organizations, the oil
companies were the fastest to recognize the impact of change in climate in International
Business Strategies so as to reduce the consumption of oil to improve the efficiency of
the increasing sales in vehicles (Sullivan 2017). The most challenging aspect in this
case is the uncertainty in the environmental climate change leading companies to think
of strategies with change of policy.
As a part of International business strategies, companies need to adopt strategy
so as to develop information, expertise and knowledge on change of climate (Fineman
2017). As per report it is seen that Global temperature will continue to rise until and
unless measures are taken so as to stabilize the causes of greenhouse gasses (Kolk
2016). Thus there comes the need to convert the awareness and information into
effective strategic actions in order to respond to climate change.
Research Question:
 What are the ways by which change in climate impacts on the International
Business Strategies?
Research problem:
In the following research, the impact of the change in climate in International
Business Strategies would be studied. The problem statement in this regard is to
understand the various reasons for which International Business adopts strategies to
mitigate the impact of change in climate on their business.
Team Charter:
Team Member Names e-mail mobile
Member 1 To be filled by the student To be filled by the student

4IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
Member 2 To be filled by the student To be filled by the student
Member 3 To be filled by the student To be filled by the student
1. Team’s agreed goals and timeline for completion:
Meetings Due dates Milestone Deliverables
from Individuals
To be done
by
Integration of
reduction of
emission and
response to risks
related to
climate change
10.1.2019 To identify the
risks that are
related to the
change of
climate with the
international
businesses
Members should
adopt strategies
related to
environmental
and climate
change while
aligning theme
with business
models.
Member 3
Identifying
synergies
20.2.2019 To identify
sustainability
goals
Implementing of
adaptive
measures in the
operation of
business
processes.
Member 1
Fiscal
responsibility
planning
28.2.2019 To attain long
term results and
to save costs
while creating
strategies to
reduce the
impact of climate
change
Monitoring the
critical climate
hazards and
reporting it to the
project lead.
Member 2

5IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
2. Responsibility with each activity:
Activity Person responsible
Analyzing the international business
scenarios and determining the impact of
climate change on them
Member 1
Performing climate vulnerability assessment Member 3
Designing of mitigation practices and
adapting them
Member 2
3. Team roles to be contributed by each team member:
Team roles Team members
1. Setting target to reduce emission of
greenhouse gases in line with the climate
science.
Member 2
2. Developing internal carbon pricing Member 3
3. Developing energy efficiency report Member 1
4. Team’s expectations regarding meeting attendance:
Being on time: It is expected that the all the team members attend the meetings
regularly without any fail and should be present within the meeting room on time.
Leaving early: It is expected that all team members should attend the entire meeting
session and should not quit the meeting during the session as it will lead to miss out
certain important points or agendas that are essential for the meeting objectives.
Missing meetings: All team members are expected to attend all the meetings that will be
held without failure otherwise they will miss out points or strategies that are taken up
during the meeting and hence will lack to cope up with their specific roles within the
team.

6IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
5. Processes to be followed by team members in case of emergency:
Sometimes attending meetings becomes difficult for team members due to
unavoidable circumstances or in case of emergency situations. In that case the
following processes will be followed:
 Allowing flexibility to attend the meeting
 Video conferencing through Skype
 If any team member comes to meeting late, then the discussed areas should be
summarized once for their benefit
 Providing soft copies as well as hard copies of the meeting agendas to the
members of the team summarizing the discussions that are being made during
the meeting.
6. Team’s expectations regarding quality of preparation of team meetings:
Having a well-defined team meeting process helps the team to focus on the
important tasks that needs to be conducted during the team meeting. Some of the team
expectations that are regarded as the quality of preparation of team meetings are as
follows:
 Providing an environment that is effective for a team meeting
 Clarifying the objectives and purposes of meeting to all the team members
 Reviewing the actions list prior to the meeting
 Working through the items of the agendas
 Reviewing the flipchart information that are recorded during the meeting.
7. Team’s expectation regarding team communication:
Team communication is the sole most foundation of any type of collaboration
within the team and hence a team must work together and communicate efficiently with
each other.
Some of the team expectations that are regarded as a means to effective team
communication are as follows:

7IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
 All team members are expected to communicate with other members of the team
about their roles and activities that are needed to be undertaken.
 All types of suggestions should be welcomed by team members considering
them for the betterment of the team performance.
 Team members should encourage the two way feedback
 Team members should show appreciation to the other members for their ideas
while expressing gratitude to them for even small acts.
 Team members should take initiatives to conduct team building activities.
8. Process to ensure the contribution of each of the members to the team:
For any team, the performance of its team members plays a huge role for the
project’s success and hence it is needs to be ensured that each team member should
contribute their best to the team. Certain processes that are included within this are as
follows:
 Making the team members understand the common goal
 Identifying the clear roles of the team members.
 Recognizing the interdependencies between the team members.
 Initiating effective communication between the team members
9. Process to reward members to do well while managing the performance of the
members:
Certain processes that should be implemented within the team so as to reward the
members for their contribution within the team performance are as follows:
 Fostering collaboration within the team
 Paying the team members what they worth
 Providing the team members a pleasant place to work
 Encouraging the team members for their performance within the team
 Offering opportunity for self-development.
10. Team agreements and commitments:

8IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
Team Members Lead Role
Allocations
Name(s) Student Number (s)
Innovation/Design To be filled by student To be filled by student
Networking/ relationships To be filled by student To be filled by student
Writing/Editing To be filled by student To be filled by student
Research/ Data To be filled by student To be filled by student
Accuracy/ Reference
checks
To be filled by student To be filled by student
Final Submissions To be filled by student To be filled by student
Conclusion:
Thus from the above report the impact of the climate change on international
business strategy can be hence established while adopting proper business operations
and continuing them in the future. In order to carry forward the strategies, suitable
project team charter is hence established demonstrating the role of each team members
towards taking action to prevent the impact of climate change in international business
strategies.

9IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
References:
Begg, K., Van der Woerd, F. and Levy, D. eds., 2018. The business of climate change:
Corporate responses to Kyoto. Routledge.
Ben‐Amar, W. and McIlkenny, P., 2015. Board effectiveness and the voluntary
disclosure of climate change information. Business Strategy and the
Environment, 24(8), pp.704-719.
Fineman, S., 2017. The business of greening. Routledge.
Hahn, R., Reimsbach, D. and Schiemann, F., 2015. Organizations, climate change, and
transparency: Reviewing the literature on carbon disclosure. Organization &
Environment, 28(1), pp.80-102.
Kolk, A., 2016. The social responsibility of international business: From ethics and the
environment to CSR and sustainable development. Journal of World Business, 51(1),
pp.23-34.
Kopnina, H. and Blewitt, J., 2018. Sustainable business: Key issues. Routledge.
Mårtensson, K. and Westerberg, K., 2016. Corporate environmental strategies towards
sustainable development. Business Strategy and the Environment, 25(1), pp.1-9.
Sullivan, R., 2017. Corporate responses to climate change: achieving emissions
reductions through regulation, self-regulation and economic incentives. Routledge.

10IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
Bibliography:
Team Charter:
Team Member Names e-mail mobile
Member 1 To be filled by the student To be filled by the student
Member 2 To be filled by the student To be filled by the student
Member 3 To be filled by the student To be filled by the student
Team’s agreed goals and timeline for completion:
Meetings Due dates Milestone Deliverables
from Individuals
To be done
by
Integration of
reduction of
emission and
response to risks
related to
climate change
10.1.2019 To identify the
risks that are
related to the
change of
climate with the
international
businesses
Members should
adopt strategies
related to
environmental
and climate
change while
aligning theme
with business
models.
Member 3
Identifying
synergies
20.2.2019 To identify
sustainability
goals
Implementing of
adaptive
measures in the
operation of
business
processes.
Member 1
Fiscal
responsibility
planning
28.2.2019 To attain long
term results and
to save costs
Monitoring the
critical climate
hazards and
Member 2

11IMPACT OF CLIMATE CHANGE ON INTERNATIONAL BUSINESS
while creating
strategies to
reduce the
impact of climate
change
reporting it to the
project lead.
. Responsibility with each activity:
Activity Person responsible
Analyzing the international business
scenarios and determining the impact of
climate change on them
Member 1
Performing climate vulnerability assessment Member 3
Designing of mitigation practices and
adapting them
Member 2
3. Team roles to be contributed by each team member:
Team roles Team members
1. Setting target to reduce emission of
greenhouse gases in line with the climate
science.
Member 2
2. Developing internal carbon pricing Member 3
3. Developing energy efficiency report Member 1
4. Team’s expectations regarding meeting attendance:
Being on time: It is expected that the all the team members attend the meetings
regularly without any fail and should be present within the meeting room on time.