Project description
Private governance institutions go green
A hundred corporations in core industries are responsible for 70 % of global carbon emissions. Moving them towards more sustainable production is a crucial challenge. The Marie Skłodowska-Curie Actions ReValue project will combine new infrastructural perspectives in legal analysis, philosophy, and social science methods to explore an innovative approach to tackling this challenge. The project goes beyond the practice of setting ambitious carbon-neutrality goals for leading corporations by expanding the focus to those actors with the regulatory authority to constitute markets, focusing on two key private governance institutions that currently shape the preferences of transnational corporations in the global economy: the legal-regulatory infrastructures provided by predominant accounting institutions and stock-exchange institutions.
Objective
More than 70% of global carbon emissions responsible for climate change are nowadays produced by only 100 firms. This makes transforming corporations towards more sustainable pathways a crucial challenge of today. ReValue explores an innovative approach to meet this challenge, by combining new infrastructural perspectives in legal analysis with philosophy and the use of social science methods. Until now, the policy and scholarly focus has been placed on setting ambitious carbon-neutrality goals for leading firms in key industries with the aim of greening their global supply-chains. ReValue transcends this focus. It does so by broadening the focus to those actors with the regulatory authority to constitute markets and thereby to re-configure the rationalities that shape corporate decisions. For these purposes, ReValue focuses on two key private governance institutions that currently shape the preferences of transnational corporations in the global economy: (1) the legal-regulatory infrastructure provided by predominant accounting institutions, which govern what counts as income or wealth in financial markets; and (2) the legal-regulatory infrastructure provided by predominant stock-exchange institutions, which govern how the price of shares and other financial instruments are determined. These private governance institutions do not just report income, price, or risk. ReValue investigates the extent to which they rather performatively shape the information that they purport to describe, through private regulatory choices that configure corporate preferences and market orders and thereby can transform them towards more sustainable pathways by determining what is susceptible of economic value and how it is valued.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.1.2 - Marie Skłodowska-Curie Actions (MSCA)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-TMA-MSCA-PF-EF - HORIZON TMA MSCA Postdoctoral Fellowships - European Fellowships
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-MSCA-2021-PF-01
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1165 KOBENHAVN
Denmark
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.