Management accounting for sustainable development. Part 1: introduction
Management accounting for sustainable development. Part 1: introduction
Defines sustainable development as a system which meets present needs without damaging the ability of future generations to meet theirs; and differentiates 'stock' (non-renewable) resources, e.g. fossil fuels, from 'flow' (renewable) resources, e.g. fish, forests. Recognizes that businesses dependent on stock resources (e.g. mining) can never be sustainable while those using flow resources may need to limit their use (e.g. by waste reduction) to survive. Points out that traditional accounting fails to value nature and argues that organizations should be accountable for their environmental impact and report their sustainability record. Lists some guidelines on environmental responsibilities, reminds readers that natural resources are 'a loan from our children' and promises further articles on how sustainable business can be achieved.
environmental impact, natural resources, resource management, sustainable development
24-27
Woodward, D.
2033180f-0bcd-45e7-91dd-92b673e2ae72
Birkin, F.
596ad9c3-2a28-4a57-a87a-42e0f0b0ee70
1997
Woodward, D.
2033180f-0bcd-45e7-91dd-92b673e2ae72
Birkin, F.
596ad9c3-2a28-4a57-a87a-42e0f0b0ee70
Woodward, D. and Birkin, F.
(1997)
Management accounting for sustainable development. Part 1: introduction.
Management Accounting, 75 (6), .
Abstract
Defines sustainable development as a system which meets present needs without damaging the ability of future generations to meet theirs; and differentiates 'stock' (non-renewable) resources, e.g. fossil fuels, from 'flow' (renewable) resources, e.g. fish, forests. Recognizes that businesses dependent on stock resources (e.g. mining) can never be sustainable while those using flow resources may need to limit their use (e.g. by waste reduction) to survive. Points out that traditional accounting fails to value nature and argues that organizations should be accountable for their environmental impact and report their sustainability record. Lists some guidelines on environmental responsibilities, reminds readers that natural resources are 'a loan from our children' and promises further articles on how sustainable business can be achieved.
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Published date: 1997
Keywords:
environmental impact, natural resources, resource management, sustainable development
Identifiers
Local EPrints ID: 36689
URI: http://eprints.soton.ac.uk/id/eprint/36689
ISSN: 0025-1682
PURE UUID: 4d309c59-2dbf-4bc7-af7e-a221bda12226
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Date deposited: 22 Mar 2007
Last modified: 22 Jul 2022 20:46
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Contributors
Author:
D. Woodward
Author:
F. Birkin
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