Contemporary Issues in Accounting: Carbon Emission of Australian Manufacturing Industries Based on Stakeholder Theory

Running head: CONTEMPORARY ISSUES IN ACCOUNTING
CONTEMPORARY ISSUES IN ACCOUNTING
MGT723 Research Project
Semester 2 2018
Assessment Task 1: Research Proposal
Student Name:
Title:
Submission Date:

1CONTEMPORARY ISSUES IN ACCOUNTING
Acknowledgement:
With great pride, I hereby present my paper on carbon emission of some companies based to
stakeholders’ theory. During the process of my research, I have attained a great knowledge on
the concepts discussed in this exploration that has been advantageous in boosting any further
career development and related studies in the future years. I wish to express absolute
gratitude to my supportive supervisor for helping me understanding the concepts related to
this dissertation and for guiding me in successful completion of this research.

2CONTEMPORARY ISSUES IN ACCOUNTING
Table of Contents
Introduction:...............................................................................................................................3
Motivation:.................................................................................................................................3
Practical Motivation:..............................................................................................................3
Theoretical Motivation:..........................................................................................................5
Literature Review:......................................................................................................................5
Conceptual Model:.....................................................................................................................6
Hypothesis:.................................................................................................................................8
Bibliography...............................................................................................................................9
Appendix:.................................................................................................................................11

3CONTEMPORARY ISSUES IN ACCOUNTING
Introduction:
At present, higher amount of carbon emission has become a serious issue among
companies, policy makers and scientists. The Carbon Disclosure Project (CDP) has observed
companies based on their activities to understand about their contributions for creating
greenhouse gases. They have provided a report by stating that 100 companies all over the
world have created almost 71% gases from their production activities (Qian, 2018). Industries
of the United States, China and India in this aspect have played significant role. Moreover,
rapid growth of fossil fuel companies have led the carbon level to increase further and this
consequently has increased the temperature of earth. It is observed that around 25 state-
owned as well as corporate entities have created around 50% of total carbon emission of
industries between 1988 and 2015 across the world (Liu, 2017). Hence, the report has
intended to focus this issue through understanding about the reason for carbon emission and
various strategies based on which they can control this emission. The entire discussion will
be based on stakeholder theory. This is because the behaviour of corporate on environment
depends chiefly on the stakeholder pressure, which can stimulate international management
practices and various organisational practices relating with environmental issues further. For
this, the report has chosen some Australian industries that have followed various strategies to
manage their carbon emission.
Motivation:
Practical Motivation:
This section will discuss about various issues regarding the importance of carbon
emission reduction and its impacts on accountants, regulators, managers and the public.
Carbon emission with higher level can influence environment adversely and in this context
industries of a country plays significant role (Dietz, 2015). Due to higher level of carbon
emission, the world is experiencing climate change and this further has affected social,