The Role of Carbon Management Accounting in Achieving Net Zero Goals
In recent years, as the urgency to combat climate change intensifies, businesses worldwide are setting ambitious targets to reach "net zero" carbon emissions. Net zero implies that the
amount of greenhouse gases (GHGs) emitted is balanced by the amount removed from the
atmosphere, resulting in a net effect of zero emissions. Achieving this goal demands strategic planning, diligent tracking, and effective management of carbon emissions across all sectors of a business’s operations. This is where carbon management accounting (CMA) comes into play, acting as a powerful tool to facilitate and quantify an organisation's journey toward net zero.
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