Carbon Management Accounting System and Corporate Environmental Performance: A Conceptual Framework

Hussein H. H. Sharaf-Addin

Abstract


The heightened attention to climate change and the urgency to mitigate its impacts have compelled industries and companies to prioritize the reduction of their carbon emissions. In the study assumption, an effective Carbon Management Accounting System (CMAS) model could lead to sustainable Energy Efficiency (ENEFF) in achieving sustainable operations and overall enhancing Corporate Environmental Performance (CEP). This study comprehensively reviews previous research to develop a conceptual framework in which the relationship between CMAS, ENEFF, and CEP is drawn in the Malaysian Oil and Gaz industry. Such a relationship between these effective factors is supposed through two research models developed in the study: 1) the carbon management accounting model and 2) the corporate environmental performance model. Based on the model (1), the relationship between CMAS and energy ENEFF could be directly explored. Meanwhile, based on model (2), the relationship between CMAS and CEP could be explored directly and indirectly through the mediating role of ENEFF. The study paves the way for future research to examine both models developed as an integrated approach of CMAS effective towards ENEFF enhancement and overall CEP in the Oil and Gaz industry

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