Accounting for decarbonisation and reducing capital at risk in the S&P500

Colin Haslam; Nick Tsitsianis; Glen  Lehman; Tord Andersson; John Malamatenios

doi:10.1016/j.accfor.2018.01.004

Accounting for decarbonisation and reducing capital at risk in the S&P500

Colin Haslam, Nick Tsitsianis, Glen Lehman, Tord Andersson, John Malamatenios

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Abstract

This article accounts for carbon emissions in the S&P 500 and explores the extent to which capital is at risk from decarbonising value chains. At a global level it is proving difficult to decouple carbon emissions from GDP growth. Top-down legal and regulatory arrangements envisaged by the Kyoto Protocol are practically redundant given inconsistent political commitment to mitigating global climate change and promoting sustainability. The United Nations Environment Programme (UNEP) and European Commission (EC) are promoting the role of financial markets and financial institutions as drivers of behavioural change mobilising capital allocations to decarbonise corporate activity.

Original language	English
Pages (from-to)	119-129
Number of pages	11
Journal	Accounting Forum
Volume	42
Issue number	1
Early online date	7 Feb 2018
DOIs	https://doi.org/10.1016/j.accfor.2018.01.004
Publication status	Published - 1 Mar 2018

Keywords

Climate change
Decarbonisation
Financial institutions
S&P500 carbon-financial risk

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10.1016/j.accfor.2018.01.004

Accepted ManuscriptAccepted author manuscript, 865 KBLicence: CC BY-NC-ND

Cite this

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abstract = "This article accounts for carbon emissions in the S&P 500 and explores the extent to which capital is at risk from decarbonising value chains. At a global level it is proving difficult to decouple carbon emissions from GDP growth. Top-down legal and regulatory arrangements envisaged by the Kyoto Protocol are practically redundant given inconsistent political commitment to mitigating global climate change and promoting sustainability. The United Nations Environment Programme (UNEP) and European Commission (EC) are promoting the role of financial markets and financial institutions as drivers of behavioural change mobilising capital allocations to decarbonise corporate activity.",

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KW - Decarbonisation

KW - Financial institutions

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Accounting for decarbonisation and reducing capital at risk in the S&P500

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Keywords

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