The private sector has an increasingly important role in limiting the temperature rise to below the crucial 1.5°C of the Paris Agreement. In order to assess how well a portfolio is aligned to the goals of the Paris Agreement, benchmarks need be used. The creation of benchmarks is complex and varying methodologies with associated opinions exist. The purpose of this thesis is to examine two different approaches for creating benchmarks; Single scenario and Warming function. The usability of the benchmarks is examined from the perspective of a financial institution. The methodology is based on a literature review of earlier research. Using empirical data the different methods are tested in a smaller Case study and on a larger data set. The results give insights in different advantages and disadvantages of the methods. Using a Single scenario approach allows for a more granular analysis, however it is criticized for being misleading as the result is easily manipulated. The Warming function is less granular, as almost all companies in the empirical data are assessed against the same benchmark - creating unfair results for companies active in sectors with different demands on emission reduction. In order to gain sectoral granularity the Warming function methodology need to be investigated further. By lowering the demands on the final benchmarks, the adaptation to different sectors can increase inthe Warming function approach. / Den privata sektorn har en växande roll i kampen för att begränsa den globala uppvärmningen till Parisavtalets kritiska gräns på 1,5°C. För att utvärdera hur väl ett företag presterar klimatmässigt jämfört med kraven i Parisavtalet behövs jämförelsemått. Skapandet av jämförelsemått är komplext och en mängd olika metodologier existerar med olika grader av popularitet. Syftet med denna uppsats är att undersöka två olika tillvägagångssätt för att skapa jämförelsemått; Single scenario och Warming function. Användarbarheten av metodologierna utvärderas från perspektivet av en finansiell institution. Metodologin baseras på en litteraturstudie av tidigare undersökningar. Warming function och Single scenario utvärderas i en mindre fallstudie och i tester på ett större data set med hjälp av empiriska data. Resultatet ger insikter i olika för- och nackdelar med metoderna. Att använda Single scenario tillåter en mer granulär analys, dock kritiseras denna metod för att vara missledande då de slutgiltiga resultaten är enkla att manipulera. Warming functio när mindre granulär då de flesta företagen utvärderas mot samma jämförelsemått vilket skapar orättvisa resultat för företag som är aktiva i sektorer med olika höga krav på utsläppsminskning. För att öka granulariteten måste metodologin för Warming function undersökas djupare. Genom att sänka kraven på de slutgiltiga jämförelsemåtten kan sektoranpassade jämförelsemått öka i Warming function.

Breakthrough innovations are vital for the global economy and even our survival as a species. They appear as creative leaps and insights without obvious connection to existing knowledge and are extremely valuable to organisations, giving them significant competitive advantage. Historiometric and psychopathological evidence shows that breakthrough innovations are often associated with individuals and affective dysfunction; yet innovation today is widely held to be an organisational phenomenon operationalised though a model of creativity based on positive affective experiences and group activities which may be particularly unsuited to innovative thinkers. Research upon which the current paradigm for creativity and innovation are based is detached from real world outcomes and has been challenged as to its validity. Little data exists outside of experiments or indirect observation of naturally occurring affective experiences and the mood-creativity-innovation link has yet to be proven; we still know very little about how breakthrough innovations occur. This unique study addresses this significant gap in innovation research with a two-year longitudinal case study of a breakthrough innovation being developed for a multi-national Fast-Moving Consumer Goods company. It followed the journey of a lone innovator and attempts to answer the research question: “Can a fear of failure lead to breakthrough innovation?” The innovation space was investigated from three perspectives: technology, organisation and innovator, to build a picture of the highly immersive and emotionally charged experience of innovating. Many new insights were gained, and with extensive support from literature, new tools for the management of technology and the interface between innovators and organisations were developed, along with ground-breaking research into the mood-creativity innovation link. These are delivered through a series of four journal papers. The key finding from this research has been the discovery of the innovation-wave, a phenomenon which for the first time provides evidence for the mood-creativity-innovation link; intimately connecting real-world creative efficacy with emotion and specifically a ‘fear of failure’. From this finding a new theory and psycho-cognitive model for a distinct form of creativity called innovative thinking, driven by negative affect (mood) and specifically suited to achieving a breakthrough innovation through overcoming apparently insoluble problems, was posited and a hypothesis proposed and tested using a sophisticated innovation simulation developed especially for this purpose. Evidence from the case study and later experiment provide support for the research question and the lone innovator. This study makes a unique contribution to our understanding of creativity and innovation which could have a significant impact on how both are researched, taught and managed in the future. Being able to understand and possibly manipulate the innovation-wave, if proven correct, could be vitally important for maximising the potential for creating breakthrough innovations to the benefit of us all.