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Institutional Governance Framework for Determining Carbon-related Accounting Practices: An Exploratory Study of Electricity Generating Companies in Malaysia

Electric industry; Electric power generation; Environmental management; Environmental management systems; Facings; Sustainable development; Accounting practices; Emissions Trading Scheme; Environmental management system certification; Environmental organizations; Generating companies; Global carbon...

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Main Authors: Alrazi B., Husin N.M.
Other Authors: 46461112300
Format: Conference Paper
Published: Institute of Physics Publishing 2023
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id my.uniten.dspace-22796
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spelling my.uniten.dspace-227962023-05-29T14:12:18Z Institutional Governance Framework for Determining Carbon-related Accounting Practices: An Exploratory Study of Electricity Generating Companies in Malaysia Alrazi B. Husin N.M. 46461112300 55152658600 Electric industry; Electric power generation; Environmental management; Environmental management systems; Facings; Sustainable development; Accounting practices; Emissions Trading Scheme; Environmental management system certification; Environmental organizations; Generating companies; Global carbon emission; Governance mechanisms; Sustainability report; Climate change; carbon; carbon emission; climate change; electricity generation; electricity industry; emissions trading; environmental economics; environmental planning; environmental risk; exploration; governance approach; guideline; institutional framework; policy approach; sustainability; Malaysia Electricity industry is the major contributor of the global carbon emissions which has been scientifically identified as the main cause of climate change. With the various initiatives being implemented at the international, national, and industry levels, companies in the electricity industry are currently facing immense pressure from various stakeholders to demonstrate their policies, initiatives, targets, and performance on climate change. Against this background, accounting system is argued to be able to be play important roles in combating climate change. Using institutional governance as the underlying framework, we have identified several governance mechanisms as the determining factors for companies to have a systematic accounting system related to carbon emissions. The factors include environmental management system certification, environmental organization, publication of stand-alone sustainability reports, the use of GRI guidelines, environmental strategic planning, governance quality, and participation in CDP surveys and emissions trading scheme. We explored this issue in the context of major electricity generating companies in Malaysia and found that except for certified environmental management system, the other governance mechanisms are still lacking. The findings suggest that companies in Malaysia, in particular, from the electricity industry are not well prepared in facing risks related to climate change. Final 2023-05-29T06:12:18Z 2023-05-29T06:12:18Z 2016 Conference Paper 10.1088/1755-1315/32/1/012063 2-s2.0-84966539705 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84966539705&doi=10.1088%2f1755-1315%2f32%2f1%2f012063&partnerID=40&md5=cbf2e1fd3e52d02b6dd18616e9063ddf https://irepository.uniten.edu.my/handle/123456789/22796 32 1 12063 All Open Access, Bronze Institute of Physics Publishing Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description Electric industry; Electric power generation; Environmental management; Environmental management systems; Facings; Sustainable development; Accounting practices; Emissions Trading Scheme; Environmental management system certification; Environmental organizations; Generating companies; Global carbon emission; Governance mechanisms; Sustainability report; Climate change; carbon; carbon emission; climate change; electricity generation; electricity industry; emissions trading; environmental economics; environmental planning; environmental risk; exploration; governance approach; guideline; institutional framework; policy approach; sustainability; Malaysia
author2 46461112300
author_facet 46461112300
Alrazi B.
Husin N.M.
format Conference Paper
author Alrazi B.
Husin N.M.
spellingShingle Alrazi B.
Husin N.M.
Institutional Governance Framework for Determining Carbon-related Accounting Practices: An Exploratory Study of Electricity Generating Companies in Malaysia
author_sort Alrazi B.
title Institutional Governance Framework for Determining Carbon-related Accounting Practices: An Exploratory Study of Electricity Generating Companies in Malaysia
title_short Institutional Governance Framework for Determining Carbon-related Accounting Practices: An Exploratory Study of Electricity Generating Companies in Malaysia
title_full Institutional Governance Framework for Determining Carbon-related Accounting Practices: An Exploratory Study of Electricity Generating Companies in Malaysia
title_fullStr Institutional Governance Framework for Determining Carbon-related Accounting Practices: An Exploratory Study of Electricity Generating Companies in Malaysia
title_full_unstemmed Institutional Governance Framework for Determining Carbon-related Accounting Practices: An Exploratory Study of Electricity Generating Companies in Malaysia
title_sort institutional governance framework for determining carbon-related accounting practices: an exploratory study of electricity generating companies in malaysia
publisher Institute of Physics Publishing
publishDate 2023
_version_ 1806426536853635072
score 13.211869

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