Accounting for Product Impact in the Oil and Gas Industry

21 Pages Posted: 2 Jul 2021

See all articles by Katie Panella

Katie Panella

Harvard University - Harvard Business School

George Serafeim

Harvard Business School

Katie Trinh

Brown University, Department of Economics, Students

Date Written: June 30, 2021

Abstract

We apply the product impact measurement framework of the Impact-Weighted Accounts Initiative (IWAI) in two competitor companies within the oil and gas industry. We design a monetization methodology that allows us to calculate monetary product impact estimates of natural gas provision to emerging markets, energy provided, and emissions created. Our results indicate differences in the impact that competitors have through their products. These differences demonstrate how impact reflects corporate strategy and informs decision-making on industry-specific areas.

Suggested Citation

Panella, Katie and Serafeim, George and Trinh, Katie, Accounting for Product Impact in the Oil and Gas Industry (June 30, 2021). Harvard Business School Accounting & Management Unit Working Paper No. 21-140, Available at SSRN: https://ssrn.com/abstract=3877518 or http://dx.doi.org/10.2139/ssrn.3877518

Katie Panella

Harvard University - Harvard Business School ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

George Serafeim (Contact Author)

Harvard Business School ( email )

Boston, MA 02163
United States

HOME PAGE: http://www.hbs.edu/faculty/Pages/profile.aspx?facId=15705

Katie Trinh

Brown University, Department of Economics, Students ( email )

Providence, RI
United States

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