Planetary boundaries: implications for asset impairment

Martina K. Linnenluecke, Jac Birt, John Lyon, Baljit K. Sidhu

Research output: Contribution to journalArticlepeer-review

26 Citations (Scopus)


Scientific findings support the existence of nine planetary boundaries which define a safe operating space for humanity and the conditions necessary to sustain human life. The declining state of the environment (4 of the 9 boundaries have been breached) creates significant risk factors for asset impairment. Risks result not only from environmental challenges and resulting resource constraints (e.g. limits to fossil fuel extraction and carbon constraints) but also changing technology landscapes and social expectations. This article is one of the first to discuss the implications of changes in planetary boundary conditions for asset impairment and recognising an impairment event and sets out an agenda for future research.

Original languageEnglish
Pages (from-to)911-929
Number of pages19
JournalAccounting and Finance
Issue number4
Publication statusPublished - 1 Dec 2015
Externally publishedYes


  • asset impairment
  • environmental change
  • planetary boundaries
  • resources constraints
  • risk
  • safe operating space


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