Enhancing Firm Value Through Carbon Management Accounting System and Environmental Disclosure: A Systematic Review and Conceptual Framework on Climate Change Mitigation

Muhammad Ja’far Shodiq*  -  Universitas Islam Sultan Agung
Azizah Azmi Khatamy  -  Universitas Islam Sultan Agung
Rita Rosalina  -  Universitas Islam Sultan Agung

(*) Corresponding Author
DOI: 10.30659/jpsa.v23i1.50705

Abstract. The current development of climate change conditions, which are worrying, encourages companies to be more responsible for their emissions and prioritize mitigation strategies to prevent climate change. This article proposes a carbon management accounting system (CMAS) model, which can be the basis for carbon emission disclosure (CED) and effectively increase firm value. This study extensively reviewed previous research and developed a new model by conducting a systematic literature review so that a conceptual framework for the relationship between CMAS, CED, and firm value could be developed. This research produces a new model finding that can contribute to environmental accounting theory. It proposes a framework that company managers can apply to take steps to mitigate climate change through managing carbon emissions. This study provides a foundation for future research to examine both models as an integrated approach to enhancing CED and overall firm value in the Indonesian industry.

Keywords: Firm Value; Carbon Management Accounting System; Carbon Emission Disclosure; Climate Change

  1. Anugrah N 2024 Kemajuan Aksi Perubahan Iklim Indonesia: Leading by Examples, Nomor: SP.003/HUMAS/PPIP/HMS.3/1/2024
  2. IEEC 2024 Indonesia Sumbang 2,3% Emisi Global, Lebih Tinggi dari Jepang hingga Industri Penyumbang Emisi Tertinggi
  3. Ambarwati, Hapsoro D and Wicaksono C A 2020 Relationship Analysis of Eco-Control, Company Age, Company Size, Carbon Emission Disclosure, and Economic Consequences THE INDONESIAN JOURNAL OF ACCOUNTING RESEARCH 23
  4. of Energy M and Resources M 2017 Research on the Use of Local Emission Factors in the GHG Inventory in the Energy Sector
  5. Damas D, Maghviroh R EL and Meidiyah M 2021 Pengaruh Eco-Efficiency, Green Inovation Dan Carbon Emission Disclosure Terhadap Nilai Perusahaan Dengan Kinerja Lingkungan Sebagai Moderasi Jurnal Magister Akuntansi Trisakti 8 85–108
  6. Meiryani and Noviantini 2024 WASTE AND EFFLUENT DISCLOSURE: CASE STUDY OF HEALTHCARE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE JAFA 11 25–35
  7. Anon SAL POJK 51 - keuangan berkelanjutan
  8. Anon UU Nomor 32 Tahun 2009
  9. Hakki T W, Akwila K and Jurjanta P 2024 The Effect of Carbon Management Accounting , Competitive Business Strategic and Carbon Emission Disclosure on Company Performance Moderated by Green Intellectual Capital 5 940–8
  10. Akuntansi-Feb P, Jenderal U and Yani A Jurnal Studia Akuntansi dan Bisnis (The Indonesian Journal of Management and Accounting) THE INFLUENCE OF CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY AND CARBON EMISSION DISCLOSURE ON THE SUSTAINABILITY OF COMAPNIES LISTED ON THE SRI-KEHATI INDEX Neng Kurnia Asih*, Eddy Winarso**
  11. Kytsak T, Marshavin Y, Vasylenko A, Marshavin O and Hutnitskyi V 2024 Stakeholder capitalism as a modern model of corporate social responsibility Social and labour relations: theory and practice 13 31–9
  12. Das S K 2019 Role of CSR in Corporate Long Term Survival and Long Term Sustainable Development - A Research on Nalco, Odisha Int J Eng Adv Technol 8 993–1000
  13. Shah F A, Jan S and Haleem F 2017 CSR AS AN INVESTMENT OR AN EXPENSE: EVIDENCE FROM BANKING SECTOR OF PAKISTAN 3 2523–5
  14. Guntara A and Widaningsih M 2019 Influence of Carbon Management Accounting on Firm Value Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018) (Paris, France: Atlantis Press)
  15. Shrestha P, Choi B and Luo L 2022 Does a Carbon Management System Mitigate the Consequences of Carbon Emissions on Firm Value? An International Study Journal of International Accounting Research 21 147–67
  16. Han Y-G, Huang H-W, Liu W-P and Hsu Y-L 2023 Firm-Value Effects of Carbon Emissions and Carbon Disclosures: Evidence from Taiwan Accounting Horizons 37 171–91
  17. Kurnia P, Nur D P E and Putra A A 2021 CARBON EMISSION DISCLOSURE AND FIRM VALUE: A STUDY OF MANUFACTURING FIRMS IN INDONESIA AND AUSTRALIA International Journal of Energy Economics and Policy 11 83–7
  18. Qian W, Hörisch J and Schaltegger S 2018 Environmental management accounting and its effects on carbon management and disclosure quality J Clean Prod 174 1608–19
  19. Dewi F N R and Nazmel N 2022 Pengaruh Kinerja Keuangan, Kinerja Lingkungan, Sistem Manajemen Lingkungan, Kepemilikan Manajerial Dan Reputasi Kap Terhadap Carbon Emission Disclosure Jurnal Ekonomi Trisakti 2 749–62
  20. Alfayerds W D and Setiawan M A 2021 Pengaruh Pengungkapan Emisi Karbon dan Annual Report Readability terhadap Nilai Perusahaan Jurnal Eksplorasi Akuntansi 3 349–63
  21. Zaneta F, Nur H, Ermaya L and Nugraheni R 2023 Hubungan Environmental, Social, and Governance Disclosure, Green Product Innovation, Environmental Management Accounting Terhadap Firm Value JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) 9 97–114
  22. Banjari N 2023 Pengaruh Green Accounting Dan Carbon Emission Disclosure terhadap Nilai Perusahaan Melalui Maqashid Syariah Jurnal Riset Akuntansi Politala 6 386–403
  23. Maharani Z and Sudibijo Y A 2023 Pengaruh Green Innovation, Environmental Management Accounting Dan Environmental Strategy Terhadap Environmental Performance Dengan Code of Conduct Sebagai Pemoderasi Jurnal Ekonomi Trisakti 3 1861–70
  24. Rahmadina S, Sholihah R A and Zainon S 2023 The Effect of Carbon Emission Disclosure, Environmental Performance, and Green Accounting on Firm Value at Manufacturing Companies Listed on The Indonesia Stock Exchange Annual International Conference on Islamic Economics and Business (AICIEB) 3 213–24
  25. Manap A, Ukur R, Ginting B, Sasmiyati R Y and Edy N 2024 Implementation Of Environmental Management Accounting System For Business Sustainability In Manufacturing Companies In Bekasi Regency 4 5354–69
  26. Sharaf-Addin H H H 2024 Carbon Management Accounting System and Corporate Environmental Performance: A Conceptual Framework International Journal of Energy Economics and Policy 14 304–10
  27. Egbunike F C and Emudainohwo O B 2017 The Role of Carbon Accountant in Corporate Carbon Management Systems: A Holistic Approach Indonesian Journal of Sustainability Accounting and Management 1 90
  28. Effendi B 2021 Pengaruh Penerapan Environmental Management Accounting Terhadap Firm Value Pada Perusahaan Manufaktur di Tangerang Raya Jurnal Online Insan Akuntan 6 207
  29. Roza Mulyadi and Maulana R 2022 Pengaruh Green Innovation Terhadap Firm Value Dengan Environmental Management Accounting Sebagai Variabel Intervening Accounting and Management Journal 6 1–12
  30. Wenni A, Ari A N and Suhaidar 2022 Carbon Emission Disclosure And Green Accounting Practices On The Firm Value Jurnal Akuntansi 26 464–81
  31. Hariadi S and Nurwanda R M 2024 Pengaruh Carbon Emission Disclosure (Ced), Corporate Social Responsibility (Csr), Dan Green Accounting Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Jurnal Lentera Bisnis 13 714
  32. Ng S, Robert Jao, Fransiskus E. Daromes and Monica 2022 Public Ownership and Firm Value: Mediation Role of Carbon Emissions Disclosure Jurnal Akuntansi 26 426–42
  33. Apriliani L, Kadir K and Hifni S 2024 Sustainability Accounting: Nilai Perusahaan Dan Carbon Emission Disclosure Gorontalo Accounting Journal 7 91
  34. Nashrulloh F A and Achyani F 2024 Analisis Eco Efficiency , Green Inovation , Carbon Emission Disclosure , Financial Performance Terhadap Nilai Perusahaan J-CEKI : Jurnal Cendekia Ilmiah 3 3663–74
  35. Rochmah S 2022 Pengaruh Carbon Emission Disclosure , Green Innovation , Financial Performance terhadap Firm Value di Mediasi oleh Sustainability Report pada Perusahaan Sektor Energi yang terdaftar di BEI periode 2019-2022 Jurnal Bisnis dan Pembangunan 13 236–48
  36. Hristov I, Appolloni A, Chirico A and Cheng W 2021 The role of the environmental dimension in the performance management system: A systematic review and conceptual framework J Clean Prod 293 126075
  37. Guntara A and Widaningsih M 2019 Influence of Carbon Management Accounting on Firm Value Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018) (Paris, France: Atlantis Press)
  38. Onat N C, Mandouri J, Kucukvar M, Kutty A A and Al‐Muftah A A 2025 Driving Sustainable Business Practices With Carbon Accounting and Reporting: A Holistic Framework and Empirical Analysis Corp Soc Responsib Environ Manag 32 2795–814
  39. Shrestha P, Choi B and Luo L 2023 Carbon Management System Quality and Corporate Financial Performance The International Journal of Accounting 58
  40. Hardianti T and Susi Dwi Mulyani 2023 Pengaruh Carbon Emission Disclosure Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Kinerja Lingkungan Sebagai Variabel Moderasi Jurnal Ilmiah Wahana Pendidikan, Mei 9 275–91

Jurnal Planologi
Published by Pusat Studi Planologi Universitas Islam Sultan Agung Semarang, in collaboration with Asosiasi Sekolah Perencanaan Indonesia.
Jl. Kaligawe Raya KM. 4 Semarang, Indonesia
Phone: +6212345678
Email: jurnalplanologi@unissula.ac.id

View My Stats

e-ISSN: 1829-9172

p-ISSN: 2615-5257

DOI : 10.30659/japs

Creative Commons License

Get a feed by atom here, RRS2 here and OAI Links here

apps