Evaluating the Organizational Response towards Climate Change for Achieving Sustainable Existence in Context of ASEAN
- 1 Department of Business Administration, Faculty of Business Studies, German University Bangladesh, Gazipur, Bangladesh
- 2 Department of Business Administration, Faculty of Business Studies, German University Bangladesh, Gazipur, Bangladesh
- 3 Department of Business Administration, Faculty of Business Studies, German University Bangladesh, Gazipur, Bangladesh
- 4 Department of Business Administration, Faculty of Business Studies, German University Bangladesh, Gazipur, Bangladesh
- 5 Department of Human Resource Management, Faculty of Business Studies, University of Chittagong, Chittagong, Bangladesh
- 6 Department of Food Science and Engineering, Faculty of Engineering Sciences, German University Bangladesh, Gazipur, Bangladesh
Abstract
The influence of climate change on organizational sustainability and the idea of sustainability existence are examined in this study, with an emphasis on how ASEAN-based companies might adapt to reduce the risks associated with climate change and improve resilience. The study finds a number of beneficial reactions targeted at cutting carbon emissions, attaining energy efficiency, and using green marketing strategies by using content analysis of annual reports from 60 businesses in ASEAN nations. It also looks at how to incorporate climate risk mitigation into ecological services, sustainable resource management, business culture, and sustainable production methods. Additionally, the study highlights the significance of climate risk funding, community engagement, stakeholder education, adaptation processes, global social linkages, climate governance systems, and collaborations with governmental organizations. The results show a strong correlation between the UN Sustainable Development Goals (SDGs) and organizational ESG (Environment, Social, Governance) policies, underscoring the vital role that business commitment plays in combating climate change and advancing sustainable development.
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