Accounting and Control

Mandatory carbon disclosures and the path to net zero

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The overwhelming majority of publicly listed companies around the world still does not disclose their carbon emissions, and even fewer privately held companies do so. We argue that mandatory carbon disclosures for public and private companies can make an elementary but essential contribution to the global drive towards a net zero economy. They deliver much of what policy makers and asset managers need to manage carbon transition risk, and perhaps more importantly, are likely to accelerate the pace of future carbon emission reductions. For this, it is important that mandatory carbon disclosures are kept simple and straightforward to interpret, and that such a mandate be enforced.
Bibliographic citation: BOLTON, P., REICHELSTEIN, S., KACPERCZYK, M. T., LEUZ, C., ORMAZABAL, G., SCHOENMAKER, D. (2021). Mandatory carbon disclosures and the path to net zero. Management and Business Review.
Date: 01/10/2021
Author(s): Patrick Bolton; Stefan Reichelstein; Marcin T. Kacperczyk; Christian Leuz; Gaizka Ormazabal; Dirk Schoenmaker
Document type: Article in Journal (refereed)
Department: Accounting and Control
Languages: English