Proposal Description

For a number of years, Air Emission Accounts and Input Output tables have been produced that allow an aggregate view of direct and indirect emissions by industries and countries, including the interlinkages between countries. This statistical work will become more comprehensive and effective with the work undertaken in the context of the new G20 Data Gaps Initiative (DGI). At the same time, there are important developments to enhance firm level reporting. For instance, the International Sustainability Standards Board (ISSB) has published the first IFRS Sustainability Disclosure Standards, and in Europe the revised Corporate Sustainability Reporting Directive (CSRD) is leading to mandatory disclosures at the micro level. Ultimately, new accounting structures are evolving within firms, with two main purposes: generating information for management and customers on carbon content so that firms can economise on carbon emissions and produce more efficiently; and fulfilling disclosure requirements. These developments will bring important insights on the behaviour of companies and lead to better statistics, providing new support for regulatory and scientific work.
The session will provide a deeper understanding of these developments and their interactions. It will help to foster the development of an adequate framework for measuring carbon content at the levels of products, firms and countries, creating a sound basis for decision making. The session will also build on the preliminary work already conducted under the aegis of the IMF, the BIS, Eurostat, the Deutsche Bundesbank, the Banco Central of Chile and the University of Oxford (see Carbon content measurement for products, organisations and aggregates: creating a sound basis for decision making | Deutsche Bundesbank: https://www.bundesbank.de/en/service/dates/carbon-content-measurement-for-products-organisations-and-aggregates-creating-a-sound-basis-for-decision-making-913014). It would be appropriate to offer two IPS sessions on this issue (part I and part II)., statisticians, and international organisations would contribute.