“Accounting for Climate Change” Wins 63rd Annual HBR McKinsey Award

Top short article proposes new method organizations can use to account for and increase greenhouse gas emissions

BOSTON, April 12, 2022–(Business enterprise WIRE)–An posting outlining a new method to measuring and reporting companies’ greenhouse fuel (GHG) emissions has won the 2021 HBR McKinsey Award, which honors the ideal Harvard Enterprise Evaluate article of the 12 months.

In “Accounting for Weather Alter,” Harvard Small business School professor Robert S. Kaplan and College of Oxford Blavatnik Faculty of Govt professor Karthik Ramanna argue that the methodology most businesses use to estimate their GHG emissions for environmental, social, and governance (ESG) reporting is inaccurate and unreliable. They suggest tackling the measurement and reporting of GHG emissions in a additional integrated, comprehensive, and auditable way via the E-liability accounting method. The technique integrates advancements in chemistry and engineering with money and expense accounting concepts to assign a company’s immediate and source-chain emissions to its outputs of merchandise and solutions.

“‘Accounting for Local climate Change’ could not be additional well timed presented the urgency of the local climate crisis and the crucial for organizations to reduce greenhouse gas emissions,” reported Adi Ignatius, Editor in Main of Harvard Company Critique. “The judges praised the article’s arduous and sensible technique to improving upon ESG reporting.”

Robert S. Kaplan is a senior fellow and the Marvin Bower Professor of Management Growth, Emeritus, at Harvard Enterprise Faculty. Karthik Ramanna is professor of small business and public coverage at Oxford University’s Blavatnik Faculty of Govt.

Examine much more about the write-up and the exploration guiding it at McKinsey Site. Furthermore, Kaplan and Ramanna revealed a comply with-up report, “We Need to have Far better Carbon Accounting. Here’s How to Get There,” on HBR.org now.

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The once-a-year HBR McKinsey Awards, judged by an independent panel of enterprise and academic leaders with enter from customers of HBR’s Advisory Board, commend exceptional content published just about every 12 months in Harvard Small business Evaluation. This year’s announcement appears in the Could-June challenge of the journal.

This year’s HBR McKinsey Awards also acknowledges three finalists:

The 2021 HBR McKinsey judges have been: Kathleen Eisenhardt, Professor, Stanford College of Engineering Trevor Fetter, Senior Lecturer, Harvard Business College Claudio Fernández-Aráoz, Previous Husband or wife, Egon Zehnder Sunil Gupta, Professor, Harvard Small business University Samantha Hammock, Executive Vice President and Chief Human Assets Officer, Verizon Linda Hill, Professor, Harvard Small business Faculty and Herminia Ibarra, Professor, London Organization University

About the HBR McKinsey Awards

Due to the fact 1959, the HBR McKinsey Awards have regarded practical and groundbreaking management contemplating by pinpointing the ideal content released every single year in Harvard Business enterprise Evaluate. Earlier winners contain Clayton M. Christensen, Peter Drucker, Daniel Goleman, Rosabeth Moss Kanter, John Kotter, Mark R. Kramer, Michael E. Porter, and George Stalk.

About Harvard Business enterprise Critique

Harvard Company Overview is the main location for wise administration thinking. Via its flagship magazine, 10 global accredited editions, guides from Harvard Business enterprise Critique Press, and digital articles and equipment released on HBR.org, Harvard Small business Assessment delivers industry experts all-around the planet with arduous insights and ideal practices to lead them selves and their corporations extra efficiently and to make a optimistic influence.

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