2022
DOI: 10.1177/23970022221137657
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Improving executive compensation in the fossil fuel sector to influence green behaviors

Abstract: The effects of climate change are being felt around the world, and the calls to mitigate are growing louder. In hopes of responding to this call, we examine strategic compensation practices as innovative solutions for tackling climate change. We employ a fixed panel analysis and examine organizational data from an array of global fossil fuel organizations—arguably the principal climate change contributors. Our findings suggest that executive stock-option compensation oriented around a 3-year or more vesting pe… Show more

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Cited by 3 publications
(3 citation statements)
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“…With an exploratory case study in Norwegian fossil fuel giant Equinor, Crichton et al (2024) address the grand challenge of global warming and the role of a green HRM in guiding sustainability transformation. Their study contributes to a better understanding of the importance of combining a sustainability-oriented organisational culture and top management in line with a corresponding remuneration scheme for positive effects on organisational environmental performance (here, to reduce carbon emissions).…”
Section: Contributions From This Special Issuementioning
confidence: 99%
“…With an exploratory case study in Norwegian fossil fuel giant Equinor, Crichton et al (2024) address the grand challenge of global warming and the role of a green HRM in guiding sustainability transformation. Their study contributes to a better understanding of the importance of combining a sustainability-oriented organisational culture and top management in line with a corresponding remuneration scheme for positive effects on organisational environmental performance (here, to reduce carbon emissions).…”
Section: Contributions From This Special Issuementioning
confidence: 99%
“…This marriage of HRM and environmental sustainability has led to the emergence of a specific HRM sub-field called green HRM (Jackson, 2022;Paille, 2022;Vázquez-Brust et al, 2023). Within green HRM, sustainability may occur through the cultivation of a green organizational culture to enhance the firm's environmental performance (Crichton et al, 2022;Y. Jiang et al, 2022), and such a green culture within the organization could be stimulated through robust green HRM workplace level practices (Garavan et al, 2022;Roscoe et al, 2019).…”
Section: Introductionmentioning
confidence: 99%
“…Many disciplines, including the human resource management (HRM) literature, have attempted to answer calls to propose new business practices. Several of these studies have focussed on combating climate change through enhanced organisational diversity (Alazzani et al, 2017;Crichton et al, 2021;Post et al, 2011), sustainability-targeted performance management (Kolk and Perego, 2014;Russo and Harrison, 2005), and the re-designing of compensation systems for executives (Artz et al, 2012;Cordeiro and Sarkis, 2008;Crichton et al, 2023a;Lothe et al, 1999;Stanwick and Stanwick, 2001;Walker et al, 2018). However, one area that remains under-examined in the relevant literature is the role of organisational culture, with a particular knowledge gap in the effectiveness of pro-environmental values, beliefs, and behaviours as levers in enhancing environmental performance (Roscoe et al, 2019).…”
Section: Introductionmentioning
confidence: 99%