Prof. Dr. Timo Busch
Chair of Management and Sustainability
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Short bio
Timo Busch is a full professor (W3) at the School of Business, Economics and Social Science of University of Hamburg (Germany) and a Senior Collaborator with the Center for Sustainable Finance and Private Wealth of University of Zurich (Switzerland). He gives lectures at the Swiss Federal Institute of Technology (ETH) Zurich, and has previously taught at the Duisenberg School of Finance (The Netherlands). He teaches courses on corporate sustainability, business strategy and the environment, and sustainable finance. Timo Busch had several research stays including John Molson School of Business (Canada), Amsterdam Business School (The Netherlands), Nanyang Business School (Singapore), and University of California, Berkeley (USA). He was United Nations delegate at the Rio +20 Conference on Sustainable Development and advises the German government regarding climate change polices. He is a Principal Investigator in the Cluster of Excellence project, Climate, Climatic Change, and Society (CLICCS). Before joining the University of Hamburg, he was PhD candidate and postdoctoral researcher at ETH Zürich, and he worked beforehand as a project manager for the Wuppertal Institute for Climate, Environment, and Energy.
Timo Busch is a member of the editorial board of the journals Organization & Environment, Journal of Business Ethics, and Business Strategy and the Environment. His research interests include strategies towards a low-carbon economy, the business case for sustainability, and sustainable finance.
Selected publications
Busch, T. (2020): Industrial ecology, climate adaptation, and financial risk. Journal of Industrial Ecology 24 (2), 285-290
Busch, T. (2019): Markets must back climate mitigation. Nature 571, 36
Busch, T. (2011): Which emissions do we need to account for in corporate carbon performance? Journal of Industrial Ecology 15 (1), 160-163
Busch, T. (2011): Organizational adaptation to disruptions in the natural environment: the case of climate change. Scandinavian Journal of Management 27(4), 389-404
Busch, T. (2010): Corporate carbon performance indicators revisited. Journal of Industrial Ecology 14 (3), 374-377
Busch, T., Barnett, M.L., Burritt, R.L., Cashore, B.W., Freeman, E., Henriques, I., Husted, B.W., Panwar, R., Pinkse, J., Schaltegger, S., York, J. (2023): Moving beyond "the" business case: How to make corporate sustainability work. Business Strategy and the Environment
Busch, T., Bassen, A., Lewandowski, S., Sump, F. (2022): Corporate carbon and financial performance revisited. Organization and Environment 35(1): 154-171
Busch, T., Bauer, R., Orlitzky, M. (2016): Sustainable development and financial markets – old paths and new avenues. Business & Society 55(3): 303-329
Busch, T., Bruce-Clark, P. Derwall, J., Eccles, R., Hebb, T., Hoepner, A., Klein, C., Krueger, P. Paetzold, F., Scholtens, B., Weber, O. (2021): Impact Investments – a call for (re)orientation. SN Business & Economics 1 (2): 33
Busch, T., Cho, C., Hoepner, A., Michelon, G., Rogelj, J. (2023): Corporate Greenhouse Gas Emissions' Data and the Urgent Need for a Science-Led Just Transition: Introduction to a Thematic Symposium. Journal of Business Ethics 182 (4), 897-901
Busch, T., Friede, G. (2018): The robustness of the corporate social and financial performance relation: a second-order meta-analysis. Corporate Social Responsibility and Environmental Management 25 (4), 583-608
Busch, T., Hamprecht, J., Waddock, S. (2018): Value(s) for Whom? Creating Value(s) for Stakeholders. Organization & Environment 31 (3): 210-222
Busch, T., Hoffmann, V.H. (2011): How hot is your bottom-line? Linking carbon and financial performance. Business & Society 50(2), 233 - 265
Busch, T., Hoffmann, V.H. (2009): Ecology-driven real options: an investment framework for incorporating uncertainties in the context of the natural environment. Journal of Business Ethics 90 (2), 295-310
Busch, T., Hoffmann, V.H. (2007): Emerging carbon constraints for corporate risk management. Ecological Economics 62 (3-4), 518-528
Busch, T., Johnson, M., Pioch, T. (2022): Corporate carbon performance data: Quo vadis? Journal of Industrial Ecology 26 (1), 350-363
Busch, T., Judick, L. (2021): Climate change – that’s not real! A comparative analysis of climate-skeptic think tanks in the United States and Germany. Climatic Change 164 (18), 1-23
Busch, T, Johnson, M., Schnippering, M. (2022): A change will do you good: Does continuous environmental improvement matter? Organization and Environment 35 (4), 551-578
Busch, T., Lewandowski, S. (2018): Corporate carbon and financial performance – a meta-analysis. Journal of Industrial Ecology 22 (4), 745-759
Busch, T., Pruessner, E., Brosche, H. (2023): Principles for Impact Investments: Practical Guidance for Measuring and Assessing the Life Cycle, Magnitude, and Tradeoffs of Impact Investments. SSRN
Busch, T., Richert, M., Johnson, M., Lundie, S. (2020): Climate inaction and managerial sensemaking: the case of renewable energy. Corporate Social Responsibility and Environmental Management 27 (6), 2502-2514
Busch, T., Sakhel, A. (2016): The island logic: scaling up the concept of self-preserving autarky. Journal of Industrial Ecology 20 (5), 1008-1009
Busch, T., Schwarzkopf, J. (2013): Carbon management strategies – a quest for corporate competitiveness. Progress in Industrial Ecology - An International Journal 8 (1/2), 4-29
Busch, T., Schnippering, M. (2022): Corporate social and financial performance: Revisiting the role of innovation. Corporate Social Responsibility and Environmental Management 29 (3), 635-645
Busch, T., Weinhofer, G., Hoffmann, V.H. (2011): The carbon performance of the 100 largest US electricity producers. Utilities Policy 19 (2), 95-103
Busch, T., Wolfensberger, C. (2011): The virtue of corporate carbon management. International Journal of Sustainable Strategic Management 3 (2), 142–157
Carroux, S.L., Busch, T. Paetzold, F. (2022): Unlocking the black box of private impact investors. Qualitative Research in Financial Markets 14 (1), 149-168
Engau, C., Hoffmann, V.H., Busch, T. (2011): Airlines’ flexibility in facing regulatory uncertainty: to anticipate or adapt? California Management Review 54 (1), 107-125
Friede, G., Busch, T., Bassen, A. (2015): ESG and Financial Performance: Aggregated Evidence from more than 2,000 Empirical Studies. Journal of Sustainable Finance & Investment 5 (4), 210-233
Goldhammer, B., Busse, C., Busch, T. (2017): Estimating corporate carbon footprints with externally available data. Journal of Industrial Ecology 21 (5), 1165-1179
Hendrichs, H., Busch, T. (2012): Climate change as a strategic challenge for SMEs. Greenhouse Gas Measurement & Management 2 (1), 61-72
Hoffmann, V.H., Busch, T. (2008): Corporate carbon performance indicators: carbon intensity, dependency, exposure, and risk. Journal of Industrial Ecology 12 (4), 505-520
Hoffmann, V.H., Busch, T. (2007): Carbon constraints in the fourteenth and twenty-first centuries. Journal of Industrial Ecology 11(3), 4-6
Hoppmann, J., Richert, M., Busch, T. (2023). Not My Business: How Individuals' Role Identities Shape Sensegiving During Corporate Sustainability Initiatives. Organization & Environment
de Lange, D.E., Busch, T., Delgado-Ceballos, J. (2012): Sustaining sustainability in organizations. Journal of Business Ethics 110 (2), 151-156
de Stefano, M.C., Montes-Sancho, M.J., Busch, T. (2016): A natural resource-based view of climate change: Innovation challenges in the automobile industry. Journal of Cleaner Production 139, 1436-1448
Kölbel, J.F., Busch, T. (2021): Signaling legitimacy across institutional contexts – The intermediary role of corporate social responsibility rating agencies. Global Strategy Journal 11 (2), 304-328
Kölbel, J.F., Busch, T., Jancso, L.M. (2017): How media coverage of corporate social irresponsibly increases financial risk, Strategic Management Journal 38 (11), 2266-2284
Kölbel, J.F., Heeb, F., Paetzold, F., Busch, T. (2020): Can Sustainable Investing Save the World? Reviewing the mechanisms of investment impact. Organization & Environment (in press)
Louche, C., Busch, T., Crifo, P., Marcus, A. (2019): Financial markets and the transition to a low-carbon economy: challenging the dominant logics. Organization & Environment 32 (1): 3-17
Lundie, S., Wiedmann. T., Welzel, M., Busch, T. (2019): Global supply chains hotspots of a wind energy company. Journal of Cleaner Production 210, 1042-1050
Paetzold, F., Busch, T. (2014): Unleashing the powerful few: sustainable investing behavior of wealthy private investors. Organization & Environment 27 (4), 347-467
Paetzold, F., Busch, T., Chesney, M. (2015): More than money: exploring the role of investment advisors for sustainable investing. Annals in Social Responsibility 1 (1), 195-223
Paetzold, F., Busch, T., Utz, S., Kellers, A. (2022): Between impact and returns: Private investors and the sustainable development goals. Business Strategy and the Environment 31 (7), 3182-3197
Paquin, R.L., Busch, T., Tilleman, S.G. (2015): Creating economic and environmental value through industrial symbiosis. Long Range Planning 48 (2), 95-107
Pinkse, J., Busch, T. (2013): The emergence of corporate carbon norms: Strategic directions and managerial implications. Thunderbird International Business Review 55 (6), 633-645
Rodriguez Lopez, J.M., Sakhel, A., Busch, T. (2017): Corporate investments and environmental regulation: The role of regulatory uncertainty, regulation-induced uncertainty, and investment history. European Management Journal 35 (1), 91-101
Scheck, B., Höchstädter, A.K., Busch, T. (2016): Making money at the expense of the poor? An investigation of individuals’ preferences to impact invest versus donate. ACRN Oxford Journal of Finance and Risk Perspectives 5 (2), 141-163
Scheitza, L., Busch, T. (2023): SFDR Article 9: Is it all about impact?. SSRN
Schnittfeld, N., Busch, T. (2016): Sustainability management within supply chains – a resource dependence view. Business Strategy and the Environment 25 (5), 337-354
Shrivastava, P., Busch, T. (2013): Avoiding a global carbon crisis: Learning from the financial crisis. Thunderbird International Business Review 55 (6), 647-658
Slawinski, N., Pinkse, J., Busch, T., Banerjee, S.B. (2017): The role of short-termism and uncertainty avoidance in organizational inaction on climate change: a multi-level framework. Business & Society 56 (2), 253-282
Sprengel, D., Busch, T. (2011): Stakeholder engagement and environmental strategy – the case of climate change. Business Strategy and the Environment 20 (6), 351-364
Weinhofer, G., Busch, T. (2012): Corporate strategies for managing climate risks. Business Strategy and the Environment 22 (2), 121-144
Ziegler, A., Busch, T., Hoffmann, V.H. (2011): Disclosed corporate responses to climate change and stock performance: An international empirical analysis. Energy Economics 33 (6), 1283-1294