온실가스 배출권 재무공시 현황 및 시사점

[Purpose] This study aims at providing the implications and the improvements of the financial disclosure of the carbon emissions and the carbon credits. [Methodology] This paper reviews the current financial disclosure of the companies which have large quantities of carbon emissions from accounting users’ perspectives. This study covers financial disclosures, including financial statements and their notes on their annual and quarterly reports. [Findings] This paper documents the gaps between the K-GAAP and the current disclosure practice. There is inconsistency between the carbon credits and carbon liabilities. There are wide deviations across companies with respect to the unit price of carbon credit when companies estimate the amounts of their carbon liabilities. The paper also proposes additional disclosure for the carbon liabilities and cost flow assumptions, etc. [Implications] Differentiated from the previous literature that is focused on quantitative analysis, this paper reviews the quality of the carbon related disclosures. This study provides proposals that can enhance the usefulness of carbon disclosure to the accounting information users.