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Value creation mechanism through carbon asset for the sustainability of the automobile sector

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Listed:
  • Caiping Zhang
  • Ning Yu
  • Deming Tan
  • Xiangxiang Yin
  • Timothy O. Randhir

Abstract

A low carbon economy gives a new connotation to enterprise value and developing carbon assets is an effective way to enhance enterprise low carbon value. Using the theory of stakeholders, sustainable development and value chain, and taking the low carbon practice of Toyota Motor Company as the research object, this paper explores and constructs the value creation mechanism of carbon assets using a single case study method. There is a positive interaction between carbon assets and enterprise value creation. The low‐carbon value creation of enterprises should first balance the stakeholders' carbon assets to meet stakeholders' low‐carbon requirements, thus providing the necessary conditions for enterprises' low‐carbon value creation. Carbon assets can be fully and effectively developed using a low‐carbon value chain. Value‐addition and value realization in low‐carbon basic value activities and auxiliary value activities can create long‐term and synergistic economic value and environmental value for enterprises and promote sustainable development.

Suggested Citation

  • Caiping Zhang & Ning Yu & Deming Tan & Xiangxiang Yin & Timothy O. Randhir, 2021. "Value creation mechanism through carbon asset for the sustainability of the automobile sector," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(6), pages 1173-1189, November.
    • Handle: RePEc:wly:sustdv:v:29:y:2021:i:6:p:1173-1189
    DOI: 10.1002/sd.2216
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    References listed on IDEAS

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    1. Qingliang Tang & Le Luo, 2014. "Carbon Management Systems and Carbon Mitigation," Australian Accounting Review, CPA Australia, vol. 24(1), pages 84-98, March.
    2. Forest Reinhardt, 1999. "Market Failure and the Environmental Policies of Firms: Economic Rationales for “Beyond Compliance” Behavior," Journal of Industrial Ecology, Yale University, vol. 3(1), pages 9-21, January.
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    Cited by:

    1. Liang Shen & Fei Lin & T. C. E. Cheng, 2022. "Low-Carbon Transition Models of High Carbon Supply Chains under the Mixed Carbon Cap-and-Trade and Carbon Tax Policy in the Carbon Neutrality Era," IJERPH, MDPI, vol. 19(18), pages 1-21, September.
    2. Wei Zhou & Feipeng Guo, 2022. "Precise Supervision of Enterprise Environmental Protection Behavior Based on Boolean Matrix Factorization under Low Carbon Background," IJERPH, MDPI, vol. 19(13), pages 1-17, June.

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