SOAS Research Online

A Free Database of the Latest Research by SOAS Academics and PhD Students

[skip to content]

Haigh, Matthew and Shapiro, Matthew (2013) 'Carbon reporting: does it matter?' Accounting, Auditing & Accountability Journal, 25 (1). pp. 105-125.

Full text not available from this repository.

Abstract

This paper identifies the significance of carbon emissions reporting for investment bankers at selected financial institutions in the USA, Europe and Australia. Carbon emissions reporting methods as used by firms are identified using desk research. A proposal from a non-state actor called the Climate Disclosure Standards Board for general-purpose carbon emissions reporting is assessed. We find that environmental investing for well-diversified investors constitutes a discourse of the imaginary. Financialised constructs have been used to represent heavier polluters as superior ‘carbon performers’ (the imaginary), while reported variations in industrial carbon emissions levels have been ignored in asset allocation decisions (the actual). Environmental investing is conditioned by four factors: - exclusion of carbon emissions in constructions of firm value; - diverse methods used by firms to calculate, measure and report carbon emissions; - the appropriate venue for such reporting; and - the quantum of data contained therein. Risk assessment is likely to be erroneous if using measures which deflate carbon emissions by firms’ revenues. This may not matter much as carbon reports in the hands of investors are linked to an imaginary signification more so than actual portfolio allocation.

Item Type: Journal Article
SOAS Departments & Centres: Legacy Departments > Faculty of Law and Social Sciences > School of Finance and Management > Centre for Financial and Management Studies (CeFiMS)
Legacy Departments > Faculty of Law and Social Sciences > School of Finance and Management > Centre for Development, Environment and Policy (CeDEP)
Legacy Departments > Faculty of Law and Social Sciences > School of Law > Law, Environment and Development Centre (LEDC)
ISSN: 09513574
DOI (Digital Object Identifier): https://doi.org/10.1108/09513571211191761
Date Deposited: 03 Jan 2012 11:37
URI: https://eprints.soas.ac.uk/id/eprint/12802

Altmetric Data

Statistics

Download activity - last 12 monthsShow export options
Downloads since deposit
6 month trend
0Downloads
6 month trend
438Hits
Accesses by country - last 12 monthsShow export options
Accesses by referrer - last 12 monthsShow export options

Repository staff only

Edit Item Edit Item