Multinational Corporations and Climate Change: Risks, Responsibilities, and Resilience

How do global firms confront the defining challenge of our era? Drawing from international business, political economy, and environmental policy, Jonas Gamso offers an integrated framework for understanding how multinational corporations manage physical, transition, liability, and reputational climate risks through strategies of adaptation, avoidance, transfer, diversification, and acceptance. Blending rigorous empirical analysis with detailed case studies of Ørsted, ExxonMobil, and Saudi Aramco, among others, he reveals how companies make strategic decisions amid accelerating climate impacts and shifting policy landscapes, while also illuminating the effects of public policy and international relations. The book provides essential insights for scholars of international relations, business, and development, as well as for policymakers and practitioners seeking to align economic competitiveness with global sustainability.

Jonas Gamso is Associate Professor and Deputy Dean of Knowledge Enterprise in the Thunderbird School of Global Management at Arizona State University. His research has appeared in International Studies Quarterly, the Journal of World Business, World Development, and other journals. His commentary has been featured in The Conversation, the Stanford Social Innovation Review, and The World Today. He also directs the UN Global Compact's SDG Innovation Accelerator at ASU.