SUSTAINABILITY ACCOUNTING IN THE CONTEXT OF ENVIRONMENTAL CHANGE

Abstract

Sustainability accounting is a way of accounting that considers the economic, social, and environmental impacts of an organization's activities. Key theoretical concepts and practices in sustainability accounting include triple bottom line accounting, environmental accounting, social accounting, integrated reporting, materiality, and assurance. Common sustainability accounting indicators include carbon footprint, water usage, waste generation, energy consumption, social impact, biodiversity, economic impact, and supply chain sustainability. Practice issues in sustainability accounting include data availability and quality, materiality and stakeholder engagement, measurement and reporting standards, integration with financial reporting, verification and assurance, and cost and resource constraints. By addressing these practice issues, organizations can improve their sustainability accounting practices, identify areas for improvement, set sustainability goals, and demonstrate their sustainability performance to stakeholders.