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Best Practices in Management Accounting pp 101–114Cite as

Palgrave Macmillan

Management Accounting Practices for Sustainability

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Abstract

With growing sensitivity towards social and environmental issues, modern businesses are increasingly under pressure to perform their business activities in an environmentally friendly manner. A widely accepted view among many different professionals and the general public is that companies — the key players in the modern global economy — are the entities which cause greatest damage to our ecological sustainability (Ball et al., 2009). Global warming, ozone depletion, deforestation, acid rain and toxic wastes are examples of ecological damage caused by corporations (Shrivastava, 1995). Governments and regulatory bodies across the world are tightening the relevant rules and regulations in an attempt to coerce companies towards becoming socially responsible and to pay greater attention to the environmental and social impact of their corporate actions. In this context, companies are compelled to look for the means that enable them to run their businesses in a socially and environmentally sustainable manner. However, they face the challenge of achieving this objective without sacrificing their economic well-being and performance.

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Authors
  1. Jayanthi Kumarasiri
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Editor information

Editors and Affiliations

  1. State University of New York, Plattsburgh, USA

    Greg N. Gregoriou (Professor of Finance, EDHEC Business School Research Associate) (Professor of Finance, EDHEC Business School Research Associate)

  2. Nice, France

    Greg N. Gregoriou (Professor of Finance, EDHEC Business School Research Associate) (Professor of Finance, EDHEC Business School Research Associate)

  3. The University of Sydney Business School, Australia

    Nigel Finch (Senior Lecturer) (Senior Lecturer)

Copyright information

© 2012 Jayanthi Kumarasiri

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Cite this chapter

Kumarasiri, J. (2012). Management Accounting Practices for Sustainability. In: Gregoriou, G.N., Finch, N. (eds) Best Practices in Management Accounting. Palgrave Macmillan, London. https://doi.org/10.1057/9780230361553_7

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