Financial Reporting and Control (Harvard Business School MBA)
2021, 2022, 2023, 2025
Cases (with teaching plans)
Driving Decarbonization at BMW (with George Serafeim and Michael W. Toffel)
Learning objectives:
To introduce the fundamentals of carbon accounting and highlight key qualitative characteristics of these carbon emissions metrics.
To examine the tools that firms use to manage and reduce carbon emissions.
To identify the institutions involved in enhancing credible communication of corporate sustainability performance.
Teaching materials: case, teaching note, spreadsheet supplement, video supplement, Vehicle Lifecycle Emissions Calculator
Harvard University and Urban Mining Industries: Decarbonizing the Supply Chain (with Robert S. Kaplan)
Learning objectives:
To examine different carbon accounting approaches and the challenges with measuring supply chain emissions.
To explore the use of E-liability approach and blockchain technology to facilitate the flow of comparable and reliable emissions information along the supply chain.
Teaching materials: case, teaching note, spreadsheet supplement
CLSA: Integrating ESG in Stock Valuation (with Aaron Yoon and Billy Chan)
Learning objectives:
To examine the role of financial analysts in processing ESG information.
To explore how analysts can incorporate ESG information into firm valuation.
To assess the quality and application of ESG information.
Teaching materials: case, teaching note, spreadsheet supplement
Accounting for Carbon Neutrality at Delta Air Lines (with Aliya Korganbekova and Michael Norris)
Learning objectives:
To introduce carbon accounting (Scopes 1, 2, and 3) and the role of assumptions and estimates in emissions reporting.
To evaluate measurement challenges in voluntary carbon credit markets (measurement uncertainty, additionality, timing mismatch, permanence, and double counting).
To apply U.S. GAAP guidance on loss contingencies (ASC 450) and SEC disclosure requirements for legal proceedings (Regulation S‑K Item 103) to decide whether and how to recognize and disclose a litigation cost item.
Teaching materials: case, teaching note
Please feel free to email slu@hbs.edu for more information on the teaching materials.