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 responsible for. Among the other important innovative ideas discussed are new costing techniques for waste management, accounting schematics of carbon trade, green information needs of management and the extension of the environmental viewpoint to information systems and technology.
Environmental Accounting: An Independent Accounting Viewpoint
Environmental Accounting: An Independent Accounting Viewpoint
Introduction
Continuing from the previous chapter, where the discussion regarding sustainability challenges for firms converged to evolve a suitable representation, this chapter discusses framing a feasible enactment of such a vision. This leads to revisiting the generic accounting process and capture associated stakeholders’ expectations. To develop a verifiable account of environmental performance, an accounting framework would need to account for environmental impacts by leveraging the transactional repository of business activities to define what needs to be accounted for while a process is needed to define how to accomplish this while maintaining the mandatory aspects of accounting and an audit trail. Although this has been provisioned in the literature (discussed in the Chapter ‘Environmental Accounting: ...
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