Environmental and Social Accounting as an Alternative Approach to Conflict Resolutions in a Volatile and E-Business Environment

Abstract

Profits and improvements in world social welfare are the main reasons for industrialization. However, while governments and business owners are striving to solve one social problem or the other, these same solution processes scoop up other problems along the line which inadvertently breed conflicts and confrontations between the host communities and the owners and operators of the organizations attempting the solution. This is the position which most oil producing companies in the Nigerian Niger Delta region as well as some manufacturing concerns have found themselves. In E-Business, market domination and monopolistic trade practices have pitched major world players in the information and communications technology industry against one another, engendering yet another type of social conflict. This paper believes that a lot could be done to douse the resulting conflagration and pacify those directly affected by applying palliative and preventive remedies using the process of environmental and social accounting aspects of corporate social responsibility (CSR) policies as a tool.