Sustainability accounting and reporting

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter provides readers with an understanding of the role that accounting systems can play in helping management determine an organization’s impact on the natural environment. Accounting involves the definition, recognition, classification, measurement and disclosure of financial information for the benefit of stakeholders. Whilst accountants have specific processes for dealing with how business transactions flow through to the financial statements, environmental information poses unique challenges to the firm due mainly to the holistic nature of the environment, and the difficulty in attributing value to it. Much of what it represents is subjective and its consequences have broader social impacts beyond the firm.
Original languageEnglish
Title of host publicationBusiness management and environmental stewardship
Subtitle of host publicationenvironmental thinking as a prelude to management action
EditorsRobert Staib
Place of PublicationHoundmills, England ; New York
PublisherPalgrave Macmillan
Pages226-252
ISBN (Print)9780230535619
Publication statusPublished - 2009

Keywords

  • sustainability accounting
  • sustainability reporting
  • triple bottom line

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  • Cite this

    Cummings, L. (2009). Sustainability accounting and reporting. In R. Staib (Ed.), Business management and environmental stewardship: environmental thinking as a prelude to management action (pp. 226-252). Houndmills, England ; New York: Palgrave Macmillan.