STRATEGIES IN MITIGATING CLIMATE CHANGE: THE CASE OF PALM OIL INDUSTRY IN MALAYSIA

In this study, we explore strategies in mitigating climate change implemented by listed companies in the palm oil industry in Malaysia. The results based on 129 firm-years from 2018 to 2020 show that the majority of the climate change mitigation strategies focused on the governance and legitimation aspects. Less attentions were given to compensation and innovation aspects, particularly on market entrance related to low-carbon features. Focusing on the sector and stakeholder engagements, the results reveal four types of climate change strategic response portrayed by the palm oil companies examined. These are indifferent, beginner, emerging, and active. This study has contributed to the climate change literature, particularly within emerging markets, by demonstrating that palm oil companies' climate change mitigation strategies are evolving in response to various initiatives within the palm oil industry.