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Tokenisation and Environmental Disclosure: Implications for Management Accounting Practice

The study explores how tokenised environmental data (e.g., carbon credits, biodiversity units) can reshape performance measurement, sustainability costing, risk management, and internal control systems.

Published:
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Tokenisation and Environmental Disclosure: Implications for Management Accounting Practice

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Principal Investigators: Dr Alessandro Merendino and Dr Nikiforos Panourgias

Funder: AICPA-CIMA

Year: 2025-2026

This research adopts a qualitative, participatory design comprising a launch workshop, five expert panels, and a final validation event. Practitioners in sustainability finance, fintech, environmental reporting, and management accounting will collaboratively evaluate emerging use cases of tokenisation, assess their implications, and co-develop a readiness framework and practical toolkit for professional use.

In an era of increasing regulatory attention to digital ESG infrastructures (e.g., CSRD, IFRS S1 and S2), this project offers timely insights for management accountants navigating new technologies and reporting expectations. Outputs will include a 3,000-word practitioner report, an integration framework, a toolkit, and a teaching and learning case study.

Research Questions:

  • How are tokenisation technologies likely to transform the way environmental data is captured, verified and reported in management accounting?
  • What are the likely implications of these developments for management accounting systems and practices?

Research Objectives

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  • To identify key developments and trends in tokenisation technologies and rank them by importance to environmental management and reporting and likelihood of occurring.
  • To outline particular use cases relating to environmental reporting and management accounting.
  • Identify how environmental data is captured, verified, and reported in these cases
  • To relate these trends and use cases to changes in management accounting practices and systems.

Deliverables:

  • Practitioner Report
  • Practitioner Toolkit: a visual framework and a checklist
  • Academic Paper
  • Blog Article

 

 

 

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