Multinational Enterprises in India and Climate Change; Opportunities and Challenges

Abstract Multinational enterprises (MNEs) play a significant role in the global economy and their operations have a substantial impact on the environment. Climate change is one of the most pressing environmental challenges facing the world today, and MNEs are increasingly being called upon to play a role in addressing it. While there is a growing body of literature on the general role of MNEs in addressing climate change, there is a need for more nuanced research that considers the unique context of India. This paper explores the complex and nuanced relationship between MNEs and climate change in the Indian context. The findings suggest that the Indian government has implemented a number of policies to promote sustainable development and address environmental challenges. However, these policies have had a mixed impact, and there is still much work to be done to address environmental challenges in India. Many MNEs are committed to reducing their environmental impact, but they face a number of challenges in doing so. These challenges include a lack of awareness, a lack of data and metrics, a short-term focus, uncertainty and complexity, a lack of government support, and internal organizational barriers. Governments can play a crucial role in creating an enabling environment by supporting MNEs while also ensuring that their operations are sustainable and responsible. Some effective policy measures include establishing clear and consistent regulations, providing incentives for sustainable practices, promoting transparency and accountability, and encouraging collaboration and knowledge sharing.