Environmental and sustainability management accounting (EMA) for the development of sustainability management and accountability [Guest editorial]

Sands, John and Lee, Ki-Hoon (2015) Environmental and sustainability management accounting (EMA) for the development of sustainability management and accountability [Guest editorial]. Issues in Social and Environmental Accounting, 9 (1). pp. 1-4. ISSN 1978-0591

Abstract

Sustainability accounting provides decision-makers with tools and approaches that help improve sustainability performance of companies and organisations; whether 'for
profit' or 'not-for-profit'. Such performance contributes to a more sustainable corporate bottom line and sustainable value of 'for profit' companies while allowing for
maximum and efficient use of resources by 'not-for-profit' organisations. Consequently, there needs to be two research foci. First, a holistic view needs to adopt of sustainability accounting and investigated in both developing and developed countries. That is, we need to consider how sustainability and environmental management accounting contributes, locally and globally, to creation of a more sustainable business organisation as well as environmental sustainability. Second, research is needed into the role of social and environmental accounting and environmental management reporting guidelines contribute to businesses become less un-sustainable.

Environmental and Sustainability Management Accounting (EMA) supports companies and organisations to assess and manage their sustainability performance in five
ways. First, EMA provides support to companies and organisations by quantifying environmental impacts and loads on the workers, community, and other stakeholders.
Second, EMA supplies sustainable performance measures for operational processes and reporting guidance. Third, EMA offers businesses the opportunity to gather information
that identifies costs and savings that will result in improved financial performance. Four, EMA gives business a chance to recognise risks and opportunities related
to their operations. Finally, EMA produces physical and monetary measurements that are vital in all efficient and effective sustainability management practices.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to Published version.
Faculty / Department / School: Current - Faculty of Business, Education, Law and Arts - School of Commerce
Date Deposited: 01 Feb 2016 23:42
Last Modified: 01 Jun 2017 03:22
Uncontrolled Keywords: environmental sustainability accounting; sustainability management; accountability
Fields of Research : 15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150105 Management Accounting
15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150106 Sustainability Accounting and Reporting
Socio-Economic Objective: D Environment > 96 Environment > 9699 Other Environment > 969999 Environment not elsewhere classified
URI: http://eprints.usq.edu.au/id/eprint/27940

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