Abstract
In the last decade, sustainability has emerged as one of the main issues addressed in academic research. This matter has also involved companies and their activities in the social, environmental and financial scope. However, while companies have started showing greater interest in preserving the environment and in considering social aspects, the measurement of involved costs has not been an easy task. The concept of Complete Ecological Cost Accounting (CECA) is a tool that intends to measure the costs in a comprehensive manner, integrating traditional accounting and so-called social-environment accounting. This article aims to make a critical analysis of the CECA model and proposes guidelines for its improvement. The focus is to suggest a complementation of the model by integrating parameters to collect data and assess results from a qualitative and quantitative point of view, thereby allowing companies to evaluate their level of maturity as it relates to socio-environmental issues.
Highlights
Nowadays, a new reality is affecting the everyday operations of small, medium, and big companies: the necessity to adapt their organizational and operational areas to the concepts and demands of sustainability
The concept of Complete Ecological Cost Accounting (CECA) is a tool that intends to measure the costs in a comprehensive manner, integrating traditional accounting and so-called social-environment accounting
This article aims to make a critical analysis of the CECA model and proposes guidelines for its improvement
Summary
A new reality is affecting the everyday operations of small, medium, and big companies: the necessity to adapt their organizational and operational areas to the concepts and demands of sustainability This is due mainly to the fact that sustainability is becoming a new competitive approach (CALARGE et al 2009). One difficult aspect is to measure and to integrate the internal and external costs in such a way as to make clear the contribution of companies towards sustainability, id est, showing in a bookkeeping way the company’s ability to integrate the Triple Bottom Line. The article suggests complementing the CECA model with parameters to collect data and assess results in a qualitative and quantitative manner, thereby enabling the assessment of businesses’ maturity, when it comes to social and environmental issues
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