Mandatory Corporate Carbon Disclosures and the Path to Net Zero

Bolton, Patrick ; Kacperczyk, Marcin T. ; Leuz, Christian ; Ormazabal, Gaizka ; Reichelstein, Stefan ; Schoenmaker, Dirk

URL:	https://cepr.org/active/publications/policy_insigh...
Additional URL:	https://papers.ssrn.com/sol3/papers.cfm?abstract_i...
Document Type:	Working paper
Year of publication:	2021
The title of a journal, publication series:	CEPR Policy Insight
Volume:	111
Place of publication:	London
Publishing house:	Centre for Economic Policy Research
Related URLs:	https://corpgov.law.harvard.edu/2021/11/...
Publication language:	English
Institution:	Business School > Stiftungsprofessur für ABWL (Reichelstein 2018-)
Subject:	330 Economics
Classification:	JEL: G11 , G32 , M41 , M48 , K22 , Q38 , Q48 , Q54,
Keywords (English):	climate change , disclosure of nonfinancial information , ESG reporting , sustainability , reporting mandates
Abstract:	The pathway to a global economy with net zero carbon emissions is narrowing by the day and its success depends on a universal and ambitious drive to eliminate orcapture carbon emissions by governments, corporations, financial institutions, and households. The drive to reduce and ultimately eliminate carbon emissions begins with the mundane tasks of annual measuring and reporting. However, despite significant progress in the methodology for measuring and reporting corporate carbon emissions, 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. Also, as pointed out in numerous recent publications, the current voluntary disclosures lack a coherent measurement and reporting framework.
Additional information:	Online-Ressource