Abstract
Global greenhouse gas emissions and the escalating implications of climate change need the development of new, more comprehensive approaches in preventing and reducing the harmful effects of climate change. As a result, governments, enterprises, academic institutions, and non-profit organizations will require improved methods of anticipating and fulfilling new information responsibilities and guidance on using evolving accounting systems to promote transparency. Scientific, political, economic, and corporate carbon accounting are only a few of the several developed types of accounts. They are related in policy or strategy, but they are not sufficiently interwoven in execution. Corporations may benefit from carbon accounting in two ways: using carbon accounting to identify and eliminate unsustainable behavior and improving sustainability. Manufacturing, distribution, procurement, supply chain management (SCM), innovation, communication, and marketing are just a few corporate services becoming more reliant on both methodologies. It makes little difference if a department’s principal purpose is to ensure compliance with regulations, better organize energy and material flows to minimize large reduction impacts, increase eco-efficiency, product innovation, or legitimacy, or any combination of these objectives. Carbon management accounting has the potential to benefit decision-makers at all levels. It is hoped that the findings of this study would assist academics and policymakers in understanding how businesses respond to the requirements imposed by governments and non-governmental organizations (NGOs) to report their carbon emissions.
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In November 2021 the Trustees published a revised Constitution and a Feedback Statement that responds to the feedback from Exposure Draft Proposed Targeted Amendments to the IFRS Foundation Constitution to Accommodate an International Sustainability Standards Board to Set IFRS Sustainability Standards.
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Sial, M.S., Razzaq, M.G.A., Salman, A., Al-Haddad, L., Tahir, M. (2024). Carbon Accounting: A Social and Corporate Perspective. In: Salman, A., Tharwat, A. (eds) Smart Designs for Business Innovation. AUEIRC 2020. Advances in Science, Technology & Innovation. Springer, Cham. https://doi.org/10.1007/978-3-031-49313-3_8
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