Business Sustainability Initiative

Net Zero Observatory

In the last 15 years, humans emitted a quarter of the greenhouse gases ever emitted by our species. Reversing this trajectory will require extraordinary levels of community support in the face of painful transformations of our society. This project will understand the psychological factors underpinning climate (in)action, test strategies capable of catalysing action, and deliver a suite of impact tools for government, industry, and green innovators. The significant benefits that will emerge will assist in future-proofing the economy, increasing government flexibility to drive change, and reducing social conflict. The project will inform Australia’s transition from a fossil fuel dependent economy to a leader in rapid decarbonisation.

Researcher: Professor Matthew Hornsey

Tourism decarbonisation and climate change, sustainability reporting and corporate social responsibility management for the hospitality and tourism industry

Researcher: Dr Mireia Guix Navarrete 

Rapid Switch Australia: The primary purpose of Rapid Switch initiative is to sustain and accelerate the global transition to a zero-carbon economy

Spearheaded by the Andlinger Center for Energy and the Environment at Princeton, Rapid Switch is a cross-disciplinary, multi-country initiative seeking to deepen our knowledge of the most critical barriers and bottlenecks confronting the transition and to develop strategies to avoid or overcome them. Aligned with the wider project scope this collaboration between the UQ Business School and the Dow Centre, provides a much-needed interdisciplinary approach focusing on how the business and finance sectors, can contribute to the Rapid Switch.

Researchers: Dr Saphira Rekker and Dr Belinda Wade 

Low Harm Hedonism Initiative (ARC Laureate Fellowship)

The Low Harm Hedonism Initiative develops and validates a new theory that explains, predicts, and elicits pro-environmental conduct among consumers in enjoyment-focused settings. It will challenge the assumption of conventional theories about universal drivers of human behaviour, asserting instead that increased enjoyment or changed infrastructure is needed to boost pro-environmental actions in hedonic contexts. The outcome and benefits will be effective, evidenced-based social interventions that reduce the huge environmental burden of tourism and other enjoyment-focused activities, without reducing customer satisfaction and without financially burdening businesses.

Researchers: Professor Sara Dolnicar, Associate Professor Ya-Yen Sun, Dr Sabrina Albrecht, Associate Professor Sheranne Fairley, Dr Danyelle Jayne Greene, Dr Anna Zinn

The economic implications of decarbonisation and climate change

Entities are exposed to carbon risks and opportunities stemming from the business, reputational and physical implications of climatic change. Current research initiatives focus on understanding these carbon risks and opportunities through the lens of debt and equity markets. Researchers are progressing projects examining:

• The impact of carbon risk on the cost of debt capital and factors that mitigate carbon-related costs
• The extent to which capital markets value the screening and monitoring activities of lenders
• The alignment between the rhetoric of the Big 4 Banks in Australia regarding their commitment to reducing the carbon risk exposure within the loan portfolios and the capital markets assessment of their activities.

Additional research initiatives involve a consideration of the extent to which firms' business strategies mitigate the valuation penalty assigned to carbon emissions within equity markets.

Researchers: Professor Peter Clarkson and Associate Professor Kathleen Herbohn

The impact of environmental and social information on investor choices

Traditional finance models assume that investors only consider risk and return in decision-making. This project is an experiment in investor decision-making, in which investment choices are linked to payments to social and environmental not-for-profit organizations. The outcome of this project will inform the debate on whether social and environmental considerations have an impact on how individuals make investment choices.

Researcher: Associate Professor Jacquelyn Humphrey

Challenges for adaptive governance in multilevel systems

This research focuses on the question of whether adaptive governance provides a framework for governments in multi-level systems developing and implementing waste policy. The project investigates linkages in socioeconomic systems toward sustainable outcomes. It has been the attractiveness of the principles of good governance, namely legitimacy, accountability, inclusiveness and fairness that have been fundamentally linked to the pursuit of ecologically sustainable outcomes and the application of adaptive governance to an expanding range of policy areas. 

This project examines the rapidly evolving challenges in establishing sustainable practices through waste management policy.  The project applies an inventory of adaptive governance methods using the Australian experience with a waste policy as a means of analysing the challenges governments could face in a multilevel context.

Researcher: Dr Stephen Jones

‘Sustainability’ in the performing arts

‘Sustainability’ discourse has become a prominent aspect of 21^st century business communication – but little attention has been paid to what this means in and for the performing arts. This research combines linguistic analysis with management studies, to investigate what ‘sustainability’ means to Major Performing Arts Companies (MPACs) in Australia.

First, it seeks to broaden existing business communications research to take better account of the unique practices of not-for-profit organizations. Second, it aims to help MPACs reflect broadly on their own sustainability, with a view to communicating more effectively to both funding bodies and the public the unique value, contributions, and support needs of the performing arts in Australia. Third, this research will contribute to developing discourse-oriented case studies focusing on organizational communication and sustainability in the performing arts sector.

Researcher: Dr Kate Power

About time: climate change adaptation in Australian industries (ARC Discovery funding)

This project aims to assist the most vulnerable industries in Australia as they adapt to climate change. By investigating the interplay between industry practices and climate impacts, the project proposes to develop a theoretical conceptualization of time. This is significant in addressing the temporal tension between financial short-termism and future climate commitments. The expected outcomes include advancing the scholarly discussion of time and the creation of a practical tool in the form of digital stories that will make sustainable futures actionable. This benefits Australian industries by strengthening their capacity to meet the future challenges of climate change.

Researcher: Professor Daniel Nyberg

Reducing global tourism carbon emissions (ARC Discovery funding)

With over 6 billion vacation trips annually, tourism is a major and fast-growing contributor to climate change. To support a climate-centred tourism policy, this project aims to construct a world’s first global database that answers three key questions: 1) if tourism's carbon footprint increases in direct proportion to its consumption, 2) how quickly tourism can decarbonise emissions, and 3) can tourism deliver better carbon performance than other sectors? The outcomes include new theoretical and empirical knowledge about the impacts, drivers, and trade-offs of tourism's carbon emissions. A significant benefit of this project is to identify mitigation policies that can better balance tourism economic yield and emissions stabilisation.

Our researchers work with the following agencies to establish a tourism carbon footprint inventory, including:

• German Ministry for Economics and Climate Action - Applying climate accounting as a strategic prerequisite for the path to climate neutrality in tourism destinations (2022-2023)
• VisitScotland, United Kingdom - Establishing the regional tourism carbon footprint inventory (2021-22)
• Statistics Norway - Establishing the national tourism carbon footprint inventory (2021)

Researcher: Associate Professor Ya-Yen Sun

Cultural sustainability and peer-coaching in arts & culture

In collaboration with Queensland arts organizations and national peak bodies, Dr Kate Power has researched peer coaching in Australia’s arts and culture sector. This Advance Queensland Industry Research Fellowship – known as “Creating out Loud” – aimed to support Queensland’s artists and arts managers as they recover from and rebuild business, artistic, and cultural practices following the COVID-19 pandemic. The “Creating Out Loud” Peer Coaching Guide developed through this research helps artists and arts managers rethink current practices, extend and deepen professional networks, both within and beyond the arts and culture sector, and support one another through knowledge-sharing, goal-setting, new project development, and collaboration.

Researcher: Dr Kate Power