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GHG Emissions Performance: Alternative Accounting Approaches for the European Union

Author

Listed:
  • Patricia Milanés-Montero
  • Esteban Pérez-Calderón
  • Ana Isabel Dias

Abstract

This study provides evidence on the probability of adopting an accounting approach for emission allowances and greenhouse gas emissions as a function of each company's GHG emissions performance. The different accounting treatments adopted by national standard-setters and the lack of specific guidance from the International Accounting Standard Board (IASB) allow identification of the use of multiple accounting approaches. Based on a sample of 85 companies registered with the Portuguese, Spanish, and French National Plans of Allocation, data collected from the annual reports were analysed for the period 2008-2014. The results suggest that the probability of adopting omission strategies is positively associated with better GHG emissions performances. It addresses the importance of introducing the transactions of the European Union Emissions Trading Scheme (EU ETS) in financial reporting as the visibility of the costs of polluting is one of the purposes of the market mechanism.

Suggested Citation

  • Patricia Milanés-Montero & Esteban Pérez-Calderón & Ana Isabel Dias, 2021. "GHG Emissions Performance: Alternative Accounting Approaches for the European Union," Prague Economic Papers, Prague University of Economics and Business, vol. 2021(1), pages 37-60.
    • Handle: RePEc:prg:jnlpep:v:2021:y:2021:i:1:id:761:p:37-60
    DOI: 10.18267/j.pep.761
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    Cited by:

    1. Ayman Hassan Bazhair & Saleh F. A. Khatib & Hamzeh Al Amosh, 2022. "Taking Stock of Carbon Disclosure Research While Looking to the Future: A Systematic Literature Review," Sustainability, MDPI, vol. 14(20), pages 1-24, October.

    More about this item

    Keywords

    Emission allowances; greenhouse gases; accounting approaches; content analysis; logistic regression;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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