Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/315411 
Year of Publication: 
2024
Citation: 
[Journal:] Review of Accounting Studies [ISSN:] 1573-7136 [Volume:] 29 [Issue:] 3 [Publisher:] Springer US [Place:] New York [Year:] 2024 [Pages:] 2125-2156
Publisher: 
Springer US, New York
Abstract: 
Abstract Current corporate disclosures regarding carbon emissions lack generally accepted accounting rules. The transactional carbon accounting system described here takes the rules of historical cost accounting for operating assets as a template for generating carbon emissions (CE) statements comprising a balance sheet and a flow statement. The asset side of the CE balance sheet reports the carbon emissions embodied in operating assets. The liability side conveys the firm’s cumulative direct emissions into the atmosphere as well as the cumulative emissions embodied in goods acquired from suppliers less those sold to customers. Flow statements report the company’s annual corporate carbon footprint calculated as the cradle-to-gate carbon footprint of goods sold during the current period. Taken together, balance sheets and flow statements generate key performance indicators of a company’s past, current, and future performance in the domain of carbon emissions.
Subjects: 
Net-zero pledges
Carbon emissions
Carbon accounting
Carbon reporting
Persistent Identifier of the first edition: 
Additional Information: 
M41;M48;Q53;Q54
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version
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