How a Low-Carbon Economy Affects Decision-Making and Profit Development in Large Corporations: Case Studies for Unilever and Maersk

Zhixian Su (), Yitian Wang and Xinyi Zhao
Additional contact information
Zhixian Su: University of California
Yitian Wang: University of Waterloo
Xinyi Zhao: Jiangxi University of Finance and Economics

A chapter in Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), 2022, pp 1243-1249 from Springer

Abstract: Abstract In the context of global warming, the “low-carbon economy” based on low energy usance and low pollution has become a global debating issue. Developed countries from Europe and the United States boost the “low-carbon revolution” in a vigorous manner with high energy efficiency and low emission as the core, focus on the development of “low-carbon technology”, and make major adjustments to industry, energy and other policies, technology and trade. As the country vigorously promotes a low-carbon economy, it will inevitably affect the financial market where large companies and even multinational companies are located. The existing academic literature is still lacking in research in this area. We aim to show how a low-carbon economy will affect the development of financial markets and large companies, whether it is a good idea to develop a low-carbon economy from the perspective of large companies, and to provide concrete low-carbon solutions for large companies. Here we select two representative companies: Unilever and Maersk for descriptive analysis and case analysis. We found that a low-carbon economy is positively correlated with the profits of large companies, that is, a low-carbon economy can indeed bring sustainable growth in profits for large companies. Our research can inform other businesses seeking to implement a low-carbon economy, while also helping governments formulate effective energy policy.

Keywords: Low carbon economy; Unilever; Green innovation; Corporate return (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-052-7_138

Ordering information: This item can be ordered from
http://www.springer.com/9789464630527

DOI: 10.2991/978-94-6463-052-7_138

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().