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Management accounting for sustainable development. Part 1: introduction

Woodward, D. and Birkin, F. (1997) Management accounting for sustainable development. Part 1: introduction Management Accounting, 75, (6), pp. 24-27.

Record type: Article


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


Local EPrints ID: 36689
ISSN: 0025-1682
PURE UUID: 4d309c59-2dbf-4bc7-af7e-a221bda12226

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Date deposited: 22 Mar 2007
Last modified: 17 Jul 2017 15:44

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Author: D. Woodward
Author: F. Birkin

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