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Top article proposes a new system that companies can use in order to account for and increase greenhouse gas emissions
BOSTON–(BUSINESS WIRE)–An article outlining a new approach to measuring and reporting companies’ greenhouse gas (GHG) emissions has won the 2021 HBR McKinsey Award, which honors the best Harvard Business Reviewarticle of the year
In “Accounting for Climate Change,” Harvard Business School professor Robert S. Kaplan and University of Oxford Blavatnik School of Government professor Karthik Ramanna argue that the methodology most companies use to estimate their GHG emissions for environmental, social, and governance (ESG) reporting is inaccurate and unreliable. They propose that GHG emissions measurement and reporting be re-examined in a more integrated, comprehensive and auditable manner through the use of the Accounting system for E-liability The system integrates advances in chemistry and engineering with financial and cost accounting principles to assign a company’s Supply-chain and direct Emissions to its outputs products and services.
“‘Accounting for Climate Change’ could not be more timely given the urgency of the climate crisis and the imperative for companies to reduce greenhouse gas emissions,” said Adi Ignatius, Editor in Chief of Harvard Business Review. “The judges praised the article’s rigorous and practical approach to improving ESG reporting.”
Robert S. Kaplan, a senior fellow, is the Marvin Bower Professor Emeritus of Leadership Development at Harvard Business School. Karthik Ramanna is professor of business and public policy at Oxford University’s Blavatnik School of Government.
Find out more about the article, and the research behind it at McKinsey Blog. Additionally, Kaplan and Ramanna published a follow-up article, “We need better carbon accounting. Here’s How to Get There,” on HBR.org today.
The annual HBR McKinsey Awards, judged by an independent panel of business and academic leaders with input from members of HBR’s Advisory Board, commend outstanding articles published each year in Harvard Business Review. This year’s announcement appears in the May-June issue of the magazine.
This year’s HBR McKinsey Awards also recognizes three finalists:
The 2021 HBR McKinsey judges were: Kathleen Eisenhardt, Professor, Stanford School of Engineering; Trevor Fetter, Senior Lecturer, Harvard Business School; Claudio Fernández-Aráoz, Former Partner, Egon Zehnder; Sunil Gupta, Professor, Harvard Business School; Samantha Hammock, Executive Vice President and Chief Human Resources Officer, Verizon; Linda Hill, Professor, Harvard Business School; and Herminia Ibarra, Professor, London Business School
About the HBR McCinsey Awards
Since 1959, HBR McKinsey awards have honored innovative and practical management thinking by selecting the best articles each year for the HBR McKinsey awards Harvard Business Review. Past winners include Clayton M. Christensen and Peter Drucker, Rosabeth Moss Kanter, Daniel Goleman and John Kotter. Michael E. Porter and George Stalk were also among them.
About Harvard Business Review
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