2026-04-27T20:24:46Zhttps://riubu.ubu.es/oai/request

oai:riubu.ubu.es:10259/111192025-12-12T01:05:39Zcom_10259_5238com_10259_5086com_10259_2604col_10259_5239

Carrión Moneo, Elena 798 600 0000-0003-3596-7206 Larrinaga González, Carlos 312 600 0000-0002-7000-4619 Mateo Márquez, Antonio Jesús 834 600 0000-0003-1786-4561 2025-12-11T11:47:30Z 2025-12-11T11:47:30Z 2024-01 978 1 80392 059 7 978 1 80392 058 0 https://hdl.handle.net/10259/11119 10.4337/9781803920597.00014 Companies’ financial statements reflect climate change when environmental costs are internalized. However, financial accounting does not capture externalities (i.e., the unintended environmental costs that companies produce with their activity). This chapter explores the financial implications of climate change to understand the extent to which accounting numbers provide the appropriate information about required substantive ecological transitions. We draw on full cost accounting (FCA) to illustrate the bi-directional impacts of climate change. Outside-in impacts hold strong financial implications, which are materialized in financial statements by using accounting systems, such as carbon pricing mechanisms or sustainability reporting standards. In contrast, inside-out impacts have weak financial implications. Examples include voluntary initiatives and environmental standards, which are accounted in the corporate strategy although not captured in the financial statements. We conclude that FCA is an accounting tool that can provide a broader perception of the impacts that companies produce on the environment. application/pdf eng Edward Elgar Publishing Research Handbook on Financial Accounting, p. 106-120 https://doi.org/10.4337/9781803920597.00014 Attribution-NonCommercial-NoDerivatives 4.0 Internacional http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess Climate change Externalities Financial accounting Full cost accounting Inside-out impacts Outside-in impacts Sustainability reporting Gestión de empresas-Aspectos ambientales Contabilidad ambiental Industrial management-Environmental aspects Financial accounting and the natural environment: the case of climate change info:eu-repo/semantics/bookPart info:eu-repo/semantics/acceptedVersion 106 120 THUMBNAIL Carrion-Financial_accounting_natural_environment_2024.pdf.jpg Carrion-Financial_accounting_natural_environment_2024.pdf.jpg IM Thumbnail image/jpeg 3607 https://riubu.ubu.es/bitstream/10259/11119/5/Carrion-Financial_accounting_natural_environment_2024.pdf.jpg 5518c32cfad56df5dcb1304352c3a912 MD5 5 LICENSE license.txt license.txt text/plain; charset=utf-8 999 https://riubu.ubu.es/bitstream/10259/11119/3/license.txt b295bcbce42e2caabeb0c623d3860c06 MD5 3 CC-LICENSE license_rdf license_rdf application/rdf+xml; charset=utf-8 805 https://riubu.ubu.es/bitstream/10259/11119/2/license_rdf 4460e5956bc1d1639be9ae6146a50347 MD5 2 ORIGINAL Carrion-Financial_accounting_natural_environment_2024.pdf Carrion-Financial_accounting_natural_environment_2024.pdf application/pdf 340540 https://riubu.ubu.es/bitstream/10259/11119/4/Carrion-Financial_accounting_natural_environment_2024.pdf 1d7350e9b1f6637da68e3dd35c6654ba MD5 4 10259/11119 oai:riubu.ubu.es:10259/11119 2025-12-12 02:05:39.136 Repositorio Institucional de la Universidad de Burgos bubrep@ubu.es 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