Accounting for Sustainability: Practical Insights

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2015 Hardback NEAR FINE 9781849710664 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. Print on Demand title, ... produced to the highest standard, and there would be a delay in dispatch of around 15 working days. *****PLEASE NOTE: This item is shipping from an authorized seller in Europe. In the event that a return is necessary, you will be able to return your item within the US. To learn more about our European sellers and policies see the BookQuest FAQ section***** Read more Show Less

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Perhaps the most critical challenge facing business and society generally is to tackle climate change and live within our ecological limits, while continuing to enjoy economic prosperity. Key to addressing this challenge is the need for all organizations, public and private, to embed sustainability into their 'DNA'. Although sustainability accounting has developed in recent years, relatively few organizations have comprehensive systems and procedures to ensure that sustainability considerations are taken into account fully and consistently in decision-making and reporting.

The Prince's Accounting for Sustainability Project has sought to address these issues in three ways. Firstly, through the identification of key principles to help embed sustainability based on discussions with over 150 organizations; secondly, through the development of a decision-making tool to enable sustainability issues to be taken into account more robustly and consistently in decision-making; and thirdly, through its innovative Connected Reporting Framework (CRF). The CRF facilitates the identification of an organization's main sustainability impacts and shows how these impacts relate to and interact with its strategic objectives and operating performance.

This book presents examples of how organizations have used these accounting for sustainability tools and principles to embed sustainability into their DNA. Key features include:

' practitioner-oriented illustrations of 'connected thinking' between the organization's sustainability agenda, overall strategy and core business activities;

' examples of processes that have been followed to enable sustainability issues to be taken into account clearly and consistently in strategic and day-to-day decision-making;

' examination of how the embedding of sustainability extends beyond an organization's own boundaries to take into account suppliers and customers;

' examples of how to measure sustainability performance and financial impacts and the systems and processes necessary to support the collection of relevant data; and

' identification of barriers to embedding sustainability and ways in which organizations have sought to address and overcome these.

In-depth cases studies from Aviva, BT, the Environment Agency, EDF Energy, HSBC, Novo Nordisk, Sainsbury's and West Sussex County Council paint a rich picture of accounting for sustainability in practice and a wealth of lessons and examples of both common pitfalls and good practice.

This book is indispensible for all business leaders, accountancy professionals and others seeking to embed sustainability into the DNA of their organizations in the pursuit of both better business and better sustainability performance.

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Editorial Reviews

From the Publisher
'A rich and diverse collection of case studies to help all those organizations looking for a practical way of addressing the major challenges and risks posed by sustainability-related issues.'

Charles Tilley, Chief Executive, Chartered Institute of Management Accountants

'A good overview of the challenges and dilemmas companies face as they evolve their sustainability thinking ... a useful addition to the body of emerging knowledge in this space.'

Elaine Cohen, Sustainability Consultant and Reporter at Beyond Business, for CSRWire

'This fascinating book presents a great opportunity for pro-active quality professionals to rise beyond our roots and contribute to mankind's future... an inspiring book that I would thoroughly recommend reading.'

Qualityworld Magazine

'Most companies still don't have a clue about the full extent of their impacts on the environment - let alone the full monetized cost of those impacts. The eight case studies provide an invaluable starting point in terms of accounting more intelligently for those impacts.'

Jonathon Porritt, Founder Director, Forum for the Future

'A comprehensive and wide-ranging series of case studies that collectively make the business case for connected reporting, while providing a rich source of practical advice on how to make sustainability part of an organization's DNA.'

Lord Sharman of Redlynch OBE, Chairman, Aviva PLC

'Increasingly, a company's market value reflects the value attributed by investors to people, knowledge, trust and relationships, none of which are visible in traditional financial and management information. Accounting for Sustainability is a thoughtful assessment of how we can develop accounting and reporting to better reflect what is material to assessing corporate performance today.'

Lise Kingo, Executive Vice President, Novo Nordisk Ltd

'The Connected Reporting Framework is the most practical way of reporting an organization's strategic approach to sustainability available today. This publication will provide helpful guidance to anyone keen to learn from early adopters of the methodology.'

Sir Michael Rake, Chairman, BT Group PLC

'All too often when discussing sustainability issues the focus is on performance reporting and assurance - whilst the real focus of our attention really ought to be the embedding of sustainability principles, resulting in real change. This text provides excellent examples of real change in action and will be of interest to a broad spectrum of managers and accounting professionals.'

Helen Brand, Chief Executive, Association of Chartered Certified Accountants

'This book is a significant contribution to the practice of sustainability, demonstrating why and how it can be embedded in an organization's thinking and action. This is done through a series of very perceptive case studies that move us beyond the theoretical to the practical.'

Michael Izza, Chief Executive, Institute of Chartered Accountants in England and Wales

'This book provides major learning points on how environmental sustainability can be embedded in organizations and reported on, and the issues likely to arise. This should significantly reduce any 'reinventing the wheel' in embedding sustainability in corporate culture.'

Alan Thomson, President, The Institute of Chartered Accountants of Scotland

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Product Details

  • ISBN-13: 9781849710664
  • Publisher: Taylor & Francis
  • Publication date: 7/28/2010
  • Edition description: 1
  • Pages: 288
  • Product dimensions: 6.40 (w) x 9.30 (h) x 1.00 (d)

Meet the Author

Anthony Hopwood is a professor at the Säid Business School of the University of Oxford. A former Dean of the School, he was inducted into the USA's Accounting Hall of Fame in 2008.

Jeffrey Unerman is Professor of Accounting and Accountability at Manchester Business School, University of Manchester. He has a long standing research record in sustainability accounting.

Jessica Fries is Project Director of The Prince's Accounting for Sustainability Project, on secondment from PricewaterhouseCoopers LLP. She has worked with companies over many years to help them integrate sustainability into mainstream business practices.

His Royal Highness The Prince of Wales The Prince's Accounting for Sustainability Project was launched by His Royal Highness The Prince of Wales in 2004 'To help ensure that sustainability - considering what we do not only in terms of ourselves and today, but also of others and tomorrow - is not just talked and worried about, but becomes embedded in organisations' 'DNA'. The Project works with businesses, investors, the public sector, accounting bodies, NGOs and academics to develop practical guidance and tools for embedding sustainability into decision-making and reporting processes.

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Table of Contents

1. Foreword

2. Introduction

3. Overview of The Connected Reporting Framework

4 - 11. Case Studies Chapters - contributors include:

Professor David Otley, Dr Martin Brigham and Dr Vicky Kiosse (Lancaster University Management School) - Aviva Professor Al Bhimani and Dr Kazbi Soonawalla (London School of Economics) - HSBC Professor Dave Owen and Dr Suzana Grubnic (Nottingham University Business School) - West Sussex County Council Dr Laura Spence and Dr Leonardo Rinaldi (Royal Holloway, University of London) - Sainsbury's Professor John Burns and Dr Colin Dey (University of Dundee) - Novo Nordisk Linda Lewis (University of Sheffield) - EDF Energy Ian Thomson (University of Strathclyde), Dr Geogios Georgakopolous (University of Amsterdam Business School) - Environment Agency Professor Thomas Ahrens, Dr Rihab Khalifa, Ms Zamzulaila Zakaria (Warwick Business School) - BT

12. Conclusions

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