Management Accounting Research Opportunities in Climate Change Reporting

Journal of Management Accounting Research

20 Pages Posted: 13 Apr 2023 Last revised: 7 Mar 2024

See all articles by Jonathan Jona

Jonathan Jona

University of New Mexico - Robert O. Anderson Schools of Management

Naomi S. Soderstrom

University of Melbourne

Date Written: March 10, 2023

Abstract

Climate risk is a critically important challenge for society. Current accounting-related efforts include initiatives by regulators to promulgate climate risk disclosure standards, focusing on disclosure of non-financial and forward-looking information. These proposals are certain to evolve over time. With management accounting research’s focus on decision-making and performance evaluation using non-financial performance measures and effective management control systems, management accounting researchers are in a strong position to provide unique input into the ongoing development of these reporting standards. In this commentary, we discuss topics where management accounting researchers can contribute to the standard setting efforts. Contributing to these efforts requires a change in mindset for management accounting researchers from primarily focusing on internal and potentially idiosyncratic decision-makers to a broader audience that includes external providers of capital. However, the reward to doing so is participation in interesting and important research avenues that can have a real impact on society.

Keywords: climate change, sustainability disclosure, climate risk

JEL Classification: M49, M48, M14

Suggested Citation

Jona, Jonathan and Soderstrom, Naomi S., Management Accounting Research Opportunities in Climate Change Reporting (March 10, 2023). Journal of Management Accounting Research, Available at SSRN: https://ssrn.com/abstract=4384686 or http://dx.doi.org/10.2139/ssrn.4384686

Jonathan Jona

University of New Mexico - Robert O. Anderson Schools of Management ( email )

Albuquerque, NM 87131
United States

Naomi S. Soderstrom (Contact Author)

University of Melbourne ( email )

Victoria
Melbourne, 3010
Australia

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