Value creation mechanism through carbon asset for the sustainability of the automobile sector

Caiping Zhang, Ning Yu, Deming Tan, Xiangxiang Yin and Timothy O. Randhir

Sustainable Development, 2021, vol. 29, issue 6, 1173-1189

Abstract: A low carbon economy gives a new connotation to enterprise value and developing carbon assets is an effective way to enhance enterprise low carbon value. Using the theory of stakeholders, sustainable development and value chain, and taking the low carbon practice of Toyota Motor Company as the research object, this paper explores and constructs the value creation mechanism of carbon assets using a single case study method. There is a positive interaction between carbon assets and enterprise value creation. The low‐carbon value creation of enterprises should first balance the stakeholders' carbon assets to meet stakeholders' low‐carbon requirements, thus providing the necessary conditions for enterprises' low‐carbon value creation. Carbon assets can be fully and effectively developed using a low‐carbon value chain. Value‐addition and value realization in low‐carbon basic value activities and auxiliary value activities can create long‐term and synergistic economic value and environmental value for enterprises and promote sustainable development.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1002/sd.2216

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:sustdv:v:29:y:2021:i:6:p:1173-1189

Access Statistics for this article

Sustainable Development is currently edited by Richard Welford

More articles in Sustainable Development from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().