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SUSTAINABILITY ACCOUNTING IN THE CONTEXT OF ENVIRONMENTAL CHANGE
Abstract
Sustainability accounting is a way of accounting that considers the economic, social, and environmental impacts of an organization's activities. Key theoretical concepts and practices in sustainability accounting include triple bottom line accounting, environmental accounting, social accounting, integrated reporting, materiality, and assurance. Common sustainability accounting indicators include carbon footprint, water usage, waste generation, energy consumption, social impact, biodiversity, economic impact, and supply chain sustainability. Practice issues in sustainability accounting include data availability and quality, materiality and stakeholder engagement, measurement and reporting standards, integration with financial reporting, verification and assurance, and cost and resource constraints. By addressing these practice issues, organizations can improve their sustainability accounting practices, identify areas for improvement, set sustainability goals, and demonstrate their sustainability performance to stakeholders.
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Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 available at: https://eur-lex.europa.eu/legalcontent/ EN/TXT/?uri=CELEX:32020R0852 last seen 15.06.2023
Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 available at: https://eur-lex.europa.eu/legalcontent/ EN/TXT/?uri=CELEX:32020R0852 last seen 15.06.2023
Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 available at: https://eur-lex.europa.eu/legalcontent/ EN/TXT/?uri=CELEX:32020R0852 last seen 15.06.2023
Jacob Horisch, Stefan Schaltegger, R. Edward Freeman, Integrating stakeholder theory and sustainability accounting: A conceptual synthesis, Journal of Cleaner Production, Volume 275, 2020, 124097, ISSN 0959-6526, DOI: 10.1016/j.jclepro.2020.124097
Scarpellini, S. (2022). Social impacts of a circular business model: An approach from a sustainability accounting and reporting perspective. Corporate Social Responsibility and Environmental Management, 29(3), 646–656. DOI: 10.1002/csr.2226
Ross Guest, The economics of sustainability in the context of climate change: An overview, Journal of World Business, Volume 45, Issue 4, 2010, Pages 326-335, ISSN 1090-9516, DOI: 10.1016/j.jwb.2009.08.008.
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