“…Consistent with our hypotheses, while we find no overall effect of setting climate change targets on emissions, we show that targets characterized by a commitment to more ambitious emissions reductions, a longer target time frame, and Interest in business responses to climate change is reflected in the significant growth of research especially on the strategies and practices that aim to reduce firms' carbon footprints 1 (Aragón-Correa et al 2016;Delmas and Toffel 2008;Hahn et al 2015;Wright and Nyberg 2016). Despite increasing scrutiny and pressure to address environmental issues associated with their activities, empirical evidence suggests that firms' commitment to improving environmental impacts varies significantly due to the cognitive, strategic, technical, and managerial challenges in operating in more sustainable ways (Alt et al 2015;Hussain et al 2016;Post et al 2015). Prior research has identified a number of reasons for businesses to engage in environmental management, including pre-empting or responding to regulatory pressures (Berrone and Gomez-Mejia 2009;Boiral 2007;Delmas and Toffel 2008;Delmas and Montes-Sancho 2010), reducing costs by eliminating waste (Porter and Van der Linde 1995), attracting environmentally conscious customers, employees, and investors (Alt et al 2015;Flammer 2013), and building and sustaining legitimacy among external stakeholders, often by imitating peer organizations (Bansal 2005;Bansal and Clelland 2004;Berrone et al 2017).…”