Business strategies for achieving carbon neutrality goals in collaborative ecosystems: Bridging gaps in achieving operational status

This study delves into the pressing challenge of achieving carbon neutrality (CN) operational status among firms, with a specific focus on the moderating impact of emission scopes. We use mixed methods and ambidexterity and resource dependence theories to examine the relationships between four coope...

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Bibliographic Details
Published in:Business strategy and the environment 2024-07, Vol.33 (5), p.4744-4765
Main Authors: Luqman, Adeel, Zhang, Qingyu, Sharma, Veenu, Gugnani, Ritika, Walsh, Steven T.
Format: Article
Language:English
Subjects:
Carbon
Carbon neutrality
carbon neutrality operational status
Collaboration
collaboration ecosystems
Cooperation
Emission
emission scope
Emissions
Emissions control
Exploitation
Exploration
exploration and exploitation
Governance
Mitigation
Neutrality
Research facilities
Research institutions
Resonance
Stakeholders
Sustainability management
Value chain
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Summary:This study delves into the pressing challenge of achieving carbon neutrality (CN) operational status among firms, with a specific focus on the moderating impact of emission scopes. We use mixed methods and ambidexterity and resource dependence theories to examine the relationships between four cooperation kinds (exploration‐focused, exploitation‐focused, resonance‐based, and governance‐centric) and firms' CN operating status. We also examine how three emission scopes affect cooperation and CN operating status. Our comprehensive research, based on primary and secondary data from 267 organizations, enhances our knowledge of how cooperation helps CNs achieve operational status. We find that stakeholder collaboration improves CN objectives. We found subtle correlations between collaboration types and emission scopes. Governance‐centric cooperation has a substantial interaction effect on scope 1 emissions, demonstrating its effectiveness in controlling emissions from owned or regulated sources. As the two emissions interact, the resonance‐based cooperation emphasizes the necessity of common values and beliefs between enterprises and stakeholders. With scope 3 emissions, exploitation‐focused cooperation emphasizes resource usage in emission management across the value chain and transportation. Exploration‐focused collaboration interacts with CN operational status for all three emission scopes, highlighting the importance of collaboration with research institutions, startups, and stakeholders in exploring emerging technologies and driving systemic changes for emission mitigation. Our study shows that stakeholder participation is crucial to CN operating status, especially for varied emission scopes. This research sheds light on collaborative strategy development and its importance in tackling varied emission scopes. Our research provides important contributions to the field, but future studies should understand its limits and examine the complexities of CN operational status and cooperation in other situations to increase knowledge.
ISSN:0964-4733
1099-0836
DOI:10.1002/bse.3729