Stakeholder perspectives for business through future scenarios: The case of sustainable recovery in Peru

Objective: This article aims to provide an overview of the stakeholders' perspectives towards the climate change-oriented recovery of businesses in Peru, contributing to moving forward the literature related to the Stakeholder Theory and Sustainable Development. Research Design & Methods: We used a qualitative approach and conducted four focus group sessions to collect data. Moreover, we used a future studies methodology to obtain structured feedback from the stakeholders regarding four plausible future scenarios for businesses in Peru. Findings: The government appears as the key actor regulating the business environment, facilitating, among others, essential policies and resources such as decentralisation, education, biodiversity, technology, alliances, and energy transition that stakeholders could build upon as well. Implications & Recommendations: Our theoretical contribution emphasises the uncertainty around the stakeholders' purposes, according to the different perspectives that we found toward a common concern. Moreover, this contribution supports stakeholder salience under crisis periods, drawing attention to redefining stakeholder priorities. Moreover, we built upon sustainable development literature, analysing how Peruvian companies can adapt and achieve resilience toward future scenarios. Contribution & Value Added: Future Studies methodology allowed us to assess how stakeholders are salient in crises towards business recovery. Peru constitutes a relevant case due to its institutional context, climate vulnerability, and socio-economic crises.