Corporate Competitiveness Index of Climate Change: A Balanced Scorecard Approach

• Main Authors: Jae Kyu Myung, Hyoung-Tae An, Su-Yol Lee
• Format: Article
• Language: English
• Published: MDPI AG 2019-03-01
• Series: Sustainability
• Subjects: corporate competitiveness; climate change; Balanced Scorecard; performance evaluation; indicators; conceptual study
• Online Access: http://www.mdpi.com/2071-1050/11/5/1445

Climate change is one of the most critical issues in the business sector. This conceptual study proposes a corporate competitiveness evaluation model of climate change by adopting the Balanced Scorecard approach. This study provides a series of specific performance and competitiveness indicators of climate change in the four dimensions of learning and growth, internal process, external stakeholders, and finance and carbon performance. The indicators, which use both quantitative and qualitative methods, can be immediately applied in the field. This study presents practical guidelines to successfully adopt and implement the competitiveness evaluation model in an organization by considering prevalent innovation tools of business process management, process visualization, and knowledge socialization. Finally, it provides some implications for managers and policy-makers who wish to proactively address climate change in the business sector.