Intertemporal Corporate Carbon Reporting

Comello, Stephen ; Reichelstein, Julia ; Reichelstein, Stefan

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URN: urn:nbn:de:bsz:180-madoc-610538
Document Type: Working paper
Year of publication: 2021
Place of publication: Mannheim
Publication language: English
Institution: Business School > Stiftungsprofessur für ABWL (Reichelstein 2018-)
Subject: 330 Economics
Abstract: As governments around the world reaffirm their commitments to reduce carbon emissions at national levels, numerous global corporations have recently issued their own carbon reduction pledges. Such corporate "Net-Zero by 20xx" commitments doubled in 2020 and, leading up to the IPCC COP26 meeting, show no sign of letting up in 2021. It is readily seen why many firms perceive the decision to join the "Net-Zero Club" to be clear in terms of costs and benefits. With pressure from institutional investors, customers and other corporate stakeholders building, firms can claim the “green mantle” by publicly setting the goal of complete decarbonization by 20xx, say 2050. Yet, a mere pledge that comes due in the year 2050 is generally beyond the accountability horizon of current executives. Furthermore, the announcements made thus far exhibit considerable variation in what exactly is being pledged because of ample latitude in measuring corporate carbon footprints and in reporting progress towards the target of full decarbonization.1 The attendant lack of transparency has thus resulted in a rather low barrier to entry for membership in the "Net-Zero by 2050 Club".
Additional information: Online-Ressource

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