Innovations in Corporate Carbon Accounting

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🔬研究者:Provides a structured overview of carbon accounting innovations and unresolved issues, guiding future research on standards and implementation.

🏢実務担当者:Offers actionable insights on system architecture (double-entry) and allocation rules, aiding corporate teams in building robust carbon accounting systems.

🏛政策担当者:Highlights the need for commonly accepted carbon accounting principles, informing standard-setting bodies like ISSB and national regulators.

With the climate crisis intensifying in urgency, the stakeholders of global companies are clamoring for more reliable reporting regarding a company’s overall carbon footprint as well as the emissions attributed to individual products and services. In this study, I synthesize recent innovations by select firms, industry consortia, and academic studies in the field of corporate carbon accounting. These innovations pertain to the architecture of a firm’s carbon accounting system, for instance, the adoption of transactional double-entry bookkeeping that enables stock variables to be tracked separately from periodic flow variables. In addition to questions of architecture, recent contributions to the field of carbon accounting have raised a host of specific accounting issues pertaining to boundaries, allocation rules and the recognition of carbon credits. Ideally, these issues will be addressed through a set of commonly accepted carbon accounting principles, akin to Generally Accepted Accounting Principles. Wide adoption of such principles would enhance the comparability and reliability of corporate carbon reports, and thereby provide companies with stronger long-term incentives to embark on effective decarbonization pathways. Double-entry bookkeeping revolutionized financial accountability centuries ago, and today, its principles are shaping a new frontier—carbon accounting. The articles in this issue on Perspectives on Carbon Accounting and Reporting were contributed by leading academic and practitioner experts on carbon accounting. The authors highlight key challenges, including responsibility for Scope 3 emissions, reliance on third-party estimates, the allocation of emissions to products, the importance of integrating carbon accounting with traditional financial and managerial accounting systems, and the need for commonly accepted carbon accounting standards. Double-entry bookkeeping revolutionized financial accountability centuries ago, and today, its principles are shaping a new frontier—carbon accounting. The articles in this issue on Perspectives on Carbon Accounting and Reporting were contributed by leading academic and practitioner experts on carbon accounting. The authors highlight key challenges, including responsibility for Scope 3 emissions, reliance on third-party estimates, the allocation of emissions to products, the importance of integrating carbon accounting with traditional financial and managerial accounting systems, and the need for commonly accepted carbon accounting standards.

• openaire https://doi.org/10.1561/1400000080-2first seen 2026-05-14 21:10:10