Corporations at Climate Crossroads

Fall 2025 Harry ’51 and Joshua ’49 Tsujimoto Perspectives in Global Development Seminar Series

About the speaker

Lily Hsueh is Associate Professor of Economics and Public Policy at Arizona State University, where she is also a Senior Global Futures Scientist at the ASU Julie Ann Wrigley Global Futures Laboratory. She is an affiliate scholar at the Stanford Woods Institute for the Environment. She is the author of Corporations at Climate Crossroads: Multilevel Governance, Public Policy, and Global Climate Action (MIT Press, 2025), and numerous scholarly articles on business and public policy, environmental economics, policy, and governance, and political economy. Her work has been featured in the Financial Times, Fortune, PBS NewsHour, among other media outlets. Before academia, she was a Senior Analyst at the Federal Reserve Bank of San Francisco where she was part of the team that prepared briefings for the Fed’s Federal Open Market Committee meetings. She holds a B.A. from the University of California, Berkeley, a master’s degree from University College London, and a Ph.D. from the University of Washington.

Abstract

With climate risks growing, climate action facing political headwinds in many countries, and international cooperation increasingly challenged, Lily Hsueh’s new book sheds light on how the world’s largest corporations have taken proactive action on climate change during the years leading up to and after the Paris Agreement. Drawing on insights from economics, political science, and management, Hsueh's political economic framework centers corporations and their leaders as key players in a nested structure of climate change governance. Hsueh shows that corporate leaders' climate actions are shaped by bottom-up and top-down institutions and incentives involving firm, regulatory, and global governance. To navigate uncertainty, corporate responses to the climate challenge are therefore an interplay of internal firm leadership, complementary capabilities in adjacent areas, and strategic and proactive engagement with regulatory process and global governance. Sophisticated large-N statistical analyses of global businesses’ climate mitigation and performance from 2011 to 2020 and illustrative company case studies substantiate the demand for, and supply of, global businesses’ climate mitigation, across sectors, and in developed and developing countries.

About the seminar series

The Harry ’51 & Joshua ’49 Tsujimoto Perspectives in Global Development Seminar Series showcases innovative approaches to development with experts from around the globe. Each year, the series attracts online registrants from over 45 countries and more than 350 organizations. 

Seminars are held Wednesdays from 12:20-1:10 p.m. eastern time during the semester in 175 Warren Hall. Students, faculty and the general public are welcome to attend in-person or via Zoom.

The series is co-sponsored by the Department of Global Development, the Department of Natural Resources and the Environment, and the Charles H. Dyson School of Applied Economics and Management as part of courses GDEV 4961, AEM 4961, NTRES 4961, GDEV 6960, AEM 6960, and NTRES 6960.