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

Abstract

AbstractA 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.