Can A New Accounting Treatment for Carbon Emissions & Credits Save the Voluntary Carbon Market?

Robert S. Kaplan is Senior Fellow and Marvin Bower Professor of Leadership Development, Emeritus at the Harvard Business School. He joined the HBS faculty in 1984 after spending 16 years on the faculty of the business school at Carnegie-Mellon University, where he served as Dean from 1977 to 1983. Kaplan has co-developed both activity-based costing (ABC) and the Balanced Scorecard (BSC), widely recognized as seminal contributions to management theory and practice. His current research applies these two innovations to important problems at the intersection of business and society. Recently, he co-developed the concept of an e-ledger, consisting of e-liabilities and e-assets which apply traditional accounting treatments for carbon emissions and offsets.