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Self-Consciousness and Awareness as Adaptation Enablers

In: Climate Change Adaptation, Governance and New Issues of Value

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  • Massimo Catizone

    (Catholic University of the Sacred Heart)

Abstract

The idea of a free and not finite environment is fundamentally incorrect. Firms failing to implement effective adaptation strategies would consume natural capital at the expense of other stakeholders. Corporations have a responsibility and an interest to preserve natural capital. The traditional concept of corporate mission should be reassessed assuming that firms are defined by self-consciousness and consciousness. Consciousness generally involves the perception of the physical environment based on knowledge and experience. Self-consciousness involves the perception of being physically distinct from a surrounding ecosystem. Self-consciousness is therefore an essential pre-requisite for a firm to define its mission and long-term vision and position itself relative to its ecosystem. Self-consciousness should enable firms to engage with purpose and create value for the entire stakeholders base.

Suggested Citation

  • Massimo Catizone, 2022. "Self-Consciousness and Awareness as Adaptation Enablers," Palgrave Studies in Impact Finance, in: Carlo Bellavite Pellegrini & Laura Pellegrini & Massimo Catizone (ed.), Climate Change Adaptation, Governance and New Issues of Value, chapter 0, pages 9-36, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-90115-8_2
    DOI: 10.1007/978-3-030-90115-8_2
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