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Integrating the United Nations’ Sustainable Development Goals into Strategic Corporate Social Responsibility
Published in Karen Wendt, Green and Social Economy Finance, 2021
However, environmental scholars have been cynical about the foundations of environmental accounting since the primary focus is profit generation rather than addressing ecological and social challenges (Gray and Bebbington 2000). There are technical issues in the environmental accounting that result from the complexity of our socio-ecological systems, which cannot be commodified in monetary terms using the existing conventional financial accounting tools. These limitations are evident in cases where ecological damage cannot be reversed or when natural resources have a sacred value to local communities (Milne 1996).
Accounting
Published in Sigrun M. Wagner, Business and Environmental Sustainability, 2020
Broadly speaking, environmental accounting applies the established tools of accounting (such as information management, analysis and communication) to environmental management (Schaltegger et al. 2003). In order to be able to integrate sustainability into corporate strategy, relevant environmental data needs to be in a form that is recognised as well as usable by key corporate decision-makers (Nemetz 2013).
The development of environmental accounting in the digital economy
Published in Ford Lumban Gaol, Natalia Filimonova, Irina Frolova, Ignatova Tatiana Vladimirovna, Inclusive Development of Society, 2020
O.G. Vandina, S.А. Mohammed, G.A. Artemenko, N.N. Khakhonova, Е.А. Panfilova
Environmental accounting has an interdisciplinary nature covering financial, managerial, bookkeeping and accounting of environmental activity of an enterprise and also environmental accounting, tax regulators of environmental activity, elements of environmental management, and control and audit for purposes of sustainable and competitive development of companies.
Identification, ranking and prioritisation of vital environmental sustainability indicators in manufacturing sector using pareto analysis cum best-worst method
Published in International Journal of Sustainable Engineering, 2021
Abdul Gani, Mohammad Asjad, Faisal Talib, Zahid A. Khan, Arshad Noor Siddiquee
Environmental Sustainability indicators for an organisation are concerned with the impacts of the organisation’s manufacturing activities on ecosystem. Indicators are generally presented in terms of absolute figures to provide a measure of the environmental impact of a particular industrial activity. GRI (2002a), proposed 35 environmental indicators and classified the environmental indicators into seven sub-categories (such as water, energy, Materials, Emissions, Effluents, and Waste, Biodiversity, Suppliers and Products and Services). Samuel, Agamuthu, and Hashim (2013) utilised 30 environmental indicators based on GRI guidelines for the assessment of sustainable production in Malaysian petrochemical industry. The authors organised these environmental indicators into nine categories namely: emissions, energy, materials, water, products and services, effluent and waste, transport, environmental accounting and compliance.
Inclusion of environmental impacts in life-cycle cost analysis of bridge structures
Published in Sustainable and Resilient Infrastructure, 2020
Zhujun Wang, David Y. Yang, Dan M. Frangopol, Weiliang Jin
Senthil Kumaran et al. (2001) set up the life-cycle environmental cost analysis (LCECA) model and assumed a linear regression relationship between the total and environmental costs, which can be used to identify eco-friendly and cost-effective alternatives. In order to determine the price of products, environmental accounting measures (Beaver, 2000; Gluch et al., 2004; Spitzer et al., 1995, 1993) have been proposed to include the monetized environmental impacts into the accounting systems of a company or a product. The total cost assessment approach (GEMI, 1994; US EPA, 1989) of Global Environmental Management Initiative (GEMI) and United States Environmental Protection Agency (USEPA) is used to improve the decision-making process by incorporating environmental costs and savings in the standard financial assessment of products. The abovementioned methods mainly focus on the financial accounting and pricing of industrial products. In the realm of civil engineering, Kendall et al. (2008) proposed an integrated LCA-LCCA model for selection of bridge deck alternatives. It combines agency cost, user cost and environmental cost. The main drawback of this model is that the environmental impacts are limited to air pollutants; other pollutions such as water effluents and solid wastes are neglected. The multi-objective retrofit optimization performed by Dong et al. (2014) has the same limitation, where the environmental loss of bridges are limited to energy consumption and carbon dioxide emissions.