Prof. Dr. Timo Busch
Chair of Management and Sustainability
By appointment only.
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.
Busch, T. (2019): Markets must back climate mitigation. Nature Correspondence 571(7763), 36-36.
Busch, T. (2019): Industrial ecology, climate adaptation, and financial risk. Journal of Industrial Ecology. [in press]
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., 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., 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, Johnson, M., Schnippering, M. (2022): A change will do you good: Does continuous environmental improvement matter? Organization and Environment (in press).
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., Lewandowski, S. (2018): Corporate carbon and financial performance – a meta-analysis. Journal of Industrial Ecology 22 (4), 745-759.
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., 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., 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., Shrivastava, P. (2011): The Global Carbon Crisis - Emerging Carbon Constraints and Strategic Management Options, Greenleaf Publishing, Sheffield, ISBN-13: 9781906093617.
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.
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.
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(2), 4-6.
Kölbel, J.F., Busch, T. (2019): Signaling legitimacy across institutional contexts—The intermediary role of corporate social responsibility rating agencies. Global Strategy Journal.
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).
Paetzold, F., Busch, T. (2014): Unleashing the powerful few: sustainable investing behavior of wealthy private investors. Organization & Environment 27 (4), 347-367.
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 (in press).
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.
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.