Resolving the Climate Change Accounting Predicament

by Simon Bjerkholt

Is the inconsistent and unstandardized nature of corporate environmental accounting really slowing corporations from effectively implementing climate change policy? According to a 2015 article written by Konstantinos Evangelinos et al. (2015), published in the Journal of Corporate Social Responsibility and Environmental Management, that may very well be the case. The current informal and disorganized nature of environmental accounting makes the collection and organization of important data on GHG emissions much harder and less effective than it should be. In the long term, as more and more data are collected, this could become a problem by making the corporate response to these data far less accurate and far less efficient. Continue reading