Accelerating Sustainability in Companies: A Taxonomy of Information Systems for Corporate Carbon Risk Management

For increasing sustainability and mitigating climate change, corporate carbon risk management (CCRM) can be a key enabler. As we outline in this paper, companies currently lack processes and approaches in practice to actively manage complex risks caused by carbon emissions in the form of a comprehensive CCRM. To address this issue and to combine the contributions of currently separate research streams, e.g., corporate carbon accounting and corporate risk management, we develop a taxonomy that illustrates characteristics of IS-based solutions that foster an active CCRM. While our taxonomy builds on a systematic literature review, we evaluate our results with expert interviews. We conclude that CCRM is a complex field in which IS can provide significant support at many stages. Thereby, our taxonomy also contributes to Green IS research and acts as guidance for practitioners. Moreover, we discuss how Blockchains and Artificial Intelligence can pave the way towards target-oriented CCRM in companies.