2026-09-20T09:44:02Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/1537422024-03-14T03:00:47Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
Verdi, Rodrigo
Downing, Charles
Sloan School of Management
2024-03-13T13:31:04Z
2024-03-13T13:31:04Z
2024-02
2024-02-02T16:16:46.158Z
https://hdl.handle.net/1721.1/153742
0009-0002-9877-8197
This study seeks to examine whether and how firms near important emissions thresholds change their behavior to meet these targets. Emissions targets are commonly measured in two ways: absolute emissions levels and emissions intensity(absolute levels normalized by sales). To meet absolute benchmarks, firms can only reduce their actual emissions. However, to meet intensity-based benchmarks, firms can either lower their emissions or raise revenue to meet their goal. This study will characterize the differences between firms who choose these two measurements, and investigate whether and when firms shift their emissions or reporting behavior to meet their emissions targets. Furthermore, this study will characterize the capital market consequences of meeting or missing emissions targets, consider potential market-based benchmarks in addition to targets set by the firms, and test cross-sectionally when firms have stronger incentives or ability to react to these targets.
S.M.
Massachusetts Institute of Technology
In Copyright - Educational Use Permitted
Copyright retained by author(s)
https://rightsstatements.org/page/InC-EDU/1.0/
The Determinants of Voluntary Carbon Emissions Targets
Thesis
application/pdf
Master
Master of Science in Management Research
Publication
unknown
unknown
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<Abstract>This study seeks to examine whether and how firms near important emissions thresholds change their behavior to meet these targets. Emissions targets are commonly measured in two ways: absolute emissions levels and emissions intensity(absolute levels normalized by sales). To meet absolute benchmarks, firms can only reduce their actual emissions. However, to meet intensity-based benchmarks, firms can either lower their emissions or raise revenue to meet their goal. This study will characterize the differences between firms who choose these two measurements, and investigate whether and when firms shift their emissions or reporting behavior to meet their emissions targets. Furthermore, this study will characterize the capital market consequences of meeting or missing emissions targets, consider potential market-based benchmarks in addition to targets set by the firms, and test cross-sectionally when firms have stronger incentives or ability to react to these targets.</Abstract>
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