Comparative Analysis of Public Officials’ Perceptions and Vulnerability Assessment with Citizens' Perceptions of Climate Change: Focused on Danyang-gun

AbstractThe IPCC Third Assessment Report presents a conceptual framework for vulnerability to climate change with the three attribute components of exposure, sensitivity, and coping. Since the vulnerability assessments have been conducted mainly by the composite indicators aggregated from the IPCC’s components, it is necessary to assess aggregation frameworks for constructing the composite indicators that have an influence on vulnerability assessment outcomes. This study therefore investigates the robustness of assessment outcomes for flood vulnerability to climate change through a comparative analysis of the six vulnerability indicators aggregated from the IPCC’s components by the conventional aggregation frameworks. The comparative analysis has been illustrated through both the possible combinations of reference values for vulnerability attribute components and a case study on the flood vulnerability assessment to climate change for coastal areas in the Republic of Korea. The study demonstrates that there can be large fluctuations and reversals in ranking orders across the six vulnerability outcomes by different aggregation frameworks. It concludes that for flood vulnerability assessment to climate change in coastal areas, the vulnerability indicator needs to be aggregated by a multiplicative utility function from all the three assessment components with positive elasticity to vulnerability.

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The World Economic Forum Principles on "Climate Governance on Corporate Boards": can soft law help to face climate change around the world?

CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES ◽

10.3280/cgrds1-2019oa8509 ◽

2020 ◽

pp. 37-55

Author(s):

Sabrina Bruno

Keyword(s):

Climate Change ◽

South Africa ◽

Comparative Analysis ◽

Boards Of Directors ◽

Soft Law ◽

Corporate Boards ◽

World Economic Forum ◽

Financial Factor ◽

The World ◽

World Economic

Climate change is a financial factor that carries with it risks and opportunities for companies. To support boards of directors of companies belonging to all jurisdictions, the World Economic Forum issued in January 2019 eight Principlescontaining both theoretical and practical provisions on: climate accountability, competence, governance, management, disclosure and dialogue. The paper analyses each Principle to understand scope and managerial consequences for boards and to evaluate whether the legal distinctions, among the various jurisdictions, may undermine the application of the Principles or, by contrast, despite the differences the Principles may be a useful and effective guidance to drive boards' of directors' conduct around the world in handling climate change challenges. Five jurisdictions are taken into consideration for this comparative analysis: Europe (and UK), US, Australia, South Africa and Canada. The conclusion is that the WEF Principles, as soft law, is the best possible instrument to address boards of directors of worldwide companies, harmonise their conduct and effectively help facing such global emergency.

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