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Innovating Corporate Accounting and Reporting for Sustainability – Attributes and Challenges
Author(s) -
Schaltegger Stefan,
Etxeberria Igor Álvarez,
Ortas Eduardo
Publication year - 2017
Publication title -
sustainable development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.115
H-Index - 64
eISSN - 1099-1719
pISSN - 0968-0802
DOI - 10.1002/sd.1666
Subject(s) - sustainability , business , context (archaeology) , accounting , corporate sustainability , environmental accounting , sustainable development , sustainability reporting , social accounting , social sustainability , corporate social responsibility , management accounting , environmental resource management , economics , public relations , political science , ecology , paleontology , law , biology
Abstract The environmental and social impacts of companies and their processes, products and supply chains are a widespread concern. At the same time, such impacts provide opportunities for firms to engage in sustainability practices, to transform their businesses or to start new ventures contributing to sustainable development. In this context, innovation can be an important supportive vehicle for developing corporate sustainability management and accounting practices to effectively contribute to sustainable development. Based on the six attributes proposed by Baregheh et al . ([Baregheh A, 2009]) to characterise innovations, this paper discusses what innovation in accounting for sustainability may encompass. Although significant efforts have been made, a reorientation and more research are needed to develop corporate accounting approaches to address environmental and social challenges more effectively. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment