An Examination of Carbon Disclosure Practices in India
No Thumbnail Available
Date
2025-02-27
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
This paper analyses the current responsible practices in carbon accounting reporting by
Indian NSE (National Stock Exchange) Nifty firms within their disclosed financial
statements, to establish a baseline understanding of current their accounting practices to
assess whether they are meaningful and transparent. Realising the significant growth in the
number of companies reporting their financial statements on the web, we survey their
financial information pages for a clue to the carbon disclosure and reporting practices as
followed by them. Significantly large number of firms in NSE Nifty demonstrates their
concern for the environment and indicates their voluntary willingness to address the illeffects of carbon emissions. The findings suggest that comparable information about the
relative performance of firms in India cannot be discerned from carbon related disclosures.
Further, there is a significant diversity in how firms are accounting for emission allowances
across India and different approaches have resulted in materially different disclosures in the
financial statements.