• Summary
  • Contents
  • Subject index

The study of the interactions between business organizations and their natural environments has gained momentum recently under the aegis of social and environmental accounting and reporting (SEAR), and as a diluted form of response in corporate social responsibility (CSR). Environmental Accounting, Sustainability and Accountability envisages accounting as an effective instrument in improving this interrelationship. It comprehensively describes how organizations can capture their environmental performance and thereby address societal concerns. The book closely explores how organizations can embed care for the environment as fundamental to their functioning. It broadly covers traditional accounting as a measuring instrument, contemporary advances and unresolved problems, alternative perspectives and recent developments. The central idea proposed here is to evolve the environmental accounting framework and bring calculative aspects into sustainability thinking that businesses are ...

Environmental Accounting: Connecting Critical and Normative Theories of Accounting
Environmental accounting: Connecting critical and normative theories of accounting
Introduction

Business organizations form a major pillar of societal existence and they need an accounting solution to help them better manage, report and control externalities (proactive approach), instead of waiting for policy enforcements to act responsibly (reactive approach). From the previous section, we understood that SEA evolved as a philosophy to meet the need for firms to be accountable for environmental and social externalities, while EMA provided the methodological support to influence internal decision-making processes. However, these efforts did not push the accounting processes to change significantly. The prevailing methodologies are struggling to help organizations go beyond the obvious, failing to integrate the ‘external’ costs of waste ...

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