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Lai, L. W., Lorne, F. T., Purmehdi, M., Grozdanic, K., Aldad, A., Joshua, T. G., Ling, H. B., Chi, H., Sabaini, M. M., Yan, S., & Lai, M. (2023). Walk and Chew Gum: A Demand and Supply Illustration of Macro and Micro Net-Zero Initiatives for the Automobile Industry. Sustainable Production and Consumption, 35, 421-430.
https://doi.org/10.1016/j.spc.2022.11.006

has been cited by the following article:

• TITLE: ESG Accounting—The Principles and Principals to Be Served?

  AUTHORS: Frank Lorne, Tianze Li

  KEYWORDS: Sustainability Reporting, Net-Zero Initiatives, Pigouvian Tax

  JOURNAL NAME: Theoretical Economics Letters, Vol.14 No.4, August 12, 2024

  ABSTRACT: This paper examines the evolving landscape of Environmental, Social, and Governance (ESG) accounting, focusing on the need for standardized practices and principles. Drawing on sustainability reports and accounting frameworks, it explores the challenges of qualitative ESG disclosures and the role of regulations and voluntary initiatives. The study analyzes global net-zero initiatives, discussing the complexities of carbon emission trading and estimating externalities. By evaluating a Canadian company’s sustainability report, the need for standardized metrics and data quality improvements is highlighted, addressing to the importance of valuation rather than just material verifiability. The paper calls for a re-evaluation of ESG accounting principles and proposes a research agenda to explore accountants’ evolving role in stakeholder engagement, opening up the question of accountants being the middlemen in serving potential rather only existing principals.