Accounting for environmental assets as sovereign wealth funds

Niles, Keron; Moore, Winston

doi:10.1080/20430795.2019.1681618

Cited by 10 publications

(14 citation statements)

References 34 publications

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“…Within accounting journals that might be expected to publish SDGs-relevant work (namely, Accounting, Auditing and Accountability Journal ; Accounting Forum ; Accounting Organizations and Society ; Accounting and Business Research ; British Accounting Review ; Critical Perspectives on Accounting ; European Accounting Review ; Management Accounting Review and Social and Environmental Accountability Journal ), the presence of SDGs-inspired or SDGs-focussed scholarship was still smaller, comprising Bebbington and Unerman (2018); Hopper (2019) and, outside accounting journals, Avrampou et al (2019); Al-Htaybat et al (2019); Niles and Moore (2020) and Di Vaio and Varriale (2020), who provided insights that could be linked to accounting. Taken together, this body of work hardly reflects a field of research that is ready and able to embrace SDGs-focussed work.…”

Section: Accounting Scholarship On the Sustainable Development Goals: A Surprising Absencementioning

confidence: 99%

Advancing research into accounting and the UN Sustainable Development Goals

Bebbington¹,

Unerman

2020

AAAJ

150

106

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PurposeThis paper introduces a special section devoted to accounting scholarship that addresses the United Nations (UN) Sustainable Development Goals (SDGs) and has three purposes. First, to explore the puzzle of a relative absence of accounting-related scholarship that addresses the SDGs. Second, the papers within the special section are introduced and located within streams of existing research and practice. Third, the paper then suggests framings, approaches and/or conditions under which the authors might see more accounting scholarship in support of advancing the SDGs.Design/methodology/approachA structured review of publication patterns in accounting journals over the last five years is undertaken to explore the nature and extent of SDGs-related accounting research. These patterns and foundational accounting literature are used to shape a series of observations and propositions underlying the line of argument developed in the paper.FindingsDespite the SDGs' prominence in the policy world, and the widespread embrace of their utility for shaping understandings of organizational responsibilities, accounting scholars have been slow to engage in SDGs-motivated research. This gap creates two issues. First, accounting scholarship is less available to the web of knowledge that is being developed about how to enact the ambitions of the SDGs. Second, accounting scholarship is not developing in a way that incorporates SDGs-related challenges facing organizations. This paper suggests ways in which accounting scholarship can overcome these limitations.Originality/valueAccounting research on the SDGs is in an early stage of development, despite almost five years having elapsed since their formal adoption. This paper highlights avenues for accounting scholars' engagement with the SDGs’ agenda.

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Section: Accounting Scholarship On the Sustainable Development Goals: A Surprising Absencementioning

confidence: 99%

Advancing research into accounting and the UN Sustainable Development Goals

Bebbington¹,

Unerman

2020

AAAJ

150

106

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“…First, it extends the literature on governance and sustainability (Bebbington and Unerman, 2018;Bebbington et al, 2017;Charnock and Keith, 2020;Rosati and Faria, 2019;Spence and Rinalidi, 2014) through insights from a DC, namely Tanzania, on efforts undertaken (or not) to adopt an integrated approach to governance when implementing the SDGs. Second, it augments the sparse literature on how the modes of governance and accountability mechanisms may affect achieving the SDG agenda (Abhayawans et al, 2021;Meuleman, 2018), and the metagovernance challenges encountered (Bebbington and Unerman, 2018;Charnock and Hoskin, 2020;Hopper, 2019;Niles and Moore, 2021;Sobkowiak et al, 2020). We extend this literature by showing how the complex governance system and local context in Tanzania shaped its mode of governing and the accountability systems for achieving the SDGs.…”

mentioning

confidence: 55%

“…Second, it contributes to the limited literature that explores the relationship between governance and accountability in the pursuit of the SDG agenda (Abhayawans et al. , 2021; Meuleman, 2018), and the meta-governance challenges encountered (Bebbington and Unerman, 2018; Charnock and Hoskin, 2020; Hopper, 2019; Niles and Moore, 2021; Sobkowiak et al. , 2020).…”

Section: Discussionmentioning

confidence: 99%

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Accountability and governance in implementing the Sustainable Development Goals in a developing country context: evidence from Tanzania

Lauwo

Hopper²

2022

AAAJ

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PurposeThis paper examines the accountability and governance mechanisms and the challenges in a multi-stakeholder partnership seeking to implement the Sustainable Development Goals (SDGs) in a developing country (DC), namely Tanzania.Design/methodology/approachThe paper draws on work on the shift from government to governance to meta-governance to examine the SDGs framework's governance regime. The data stems from documentation, focussed group discussions and face-to-face interviews with key stakeholders involved in the localisation of SDGs in Tanzania.FindingsDespite the emphasis given by promoters of SDGs on the need for multi-stakeholder engagement, and network and market-based governance, Tanzania's hierarchical governance framed in national legislations dominated the localisation of the SDGs. The national-level meta-governance structures were somewhat dysfunctional, partly due to a lack of well-designed coordination mechanisms for collaborative engagement with key stakeholders. The limited involvement of different meta-governors, and particularly network and market-based governance arrangements, has had severe implications for achieving the SDGs in DCs in general and Tanzania, in particular.Practical implicationsThe paper calls for a more explicit SDG policy and strategy, alongside strengthening institutional structures and related governance arrangements in Tanzania, to promote the realisation of the SDGs. For the SDGs framework to succeed, the authors suggest that, in addition to adopting SDG friendly policies, the Tanzanian government should devise plans for financial resources, strategies for empowering and engaging with key stakeholders and promote an integrative governance system that underpins accountability at the local level.Originality/valueFocussing on Tanzania, the paper sheds light on how context in DCs, interactions between state and non-state actors, modes of governance and accountability mechanisms shape the localisation of SDGs and realising the SDGs' agenda. The implementation in Tanzania focussed on priorities in the development plan, thereby neglecting some important SDGs. This raises doubts about the possibility of meeting the SDGs by 2030. The localisation of SDGs remained within the top-down governance structure, as Tanzania's government failed to enact the policy and strategy for multi-stakeholder partnership consistent with the SDGs' principle of “leave no-one behind”. Consequently, meta-governors' efforts and ability to monitor and demand accountability from the government was constrained by the political context, the governance system and regulations enacted to side-line them.

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“…In this context, in the structure of recreational assets an important place is occupied by natural resources or more broadly ecological assets, which, however, are almost not taken into account in the system of national accounts. In particular, it is advisable to project into the plane of the recreational sector an approach to the consideration of environmental assets as a sovereign wealth funds in order to macro-economically stabilize and promote the conservation of natural resources for future generations (Niles & Moore 2019).…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Input-output analysis of recreational assets within the inclusive sustainable development in Ukraine

Shevchenko¹,

Petrushenko²,

Burkynskyi³

et al. 2021

JESI

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This paper aims to develop approaches to accounting for recreational assets in the input-output model based on the analysis of the dynamics of their structure, as well as the structure of intermediate consumption of recreational services, on the example of intersectoral balance of Ukraine during 2012-2018. Based on forecasting the dynamics of indicators such as gross value added, consumption of fixed capital, net operated surplus, etc., optimistic and pessimistic scenarios for the development of recreation (arts, sports, entertainment and leisure) in Ukraine are identified, taking into account the factors of natural asset and the coronavirus pandemic. In particular, the net export indicator is expected to increase due to the restriction of international tourist arrivals and the formation of the domestic market of recreational services on the basis of inclusive sustainable development. Herewith, recreational and tourist enterprises have the following guidelines: security, quality, comfort, effectiveness of asset use. The expediency of state support is seen in the redistribution of the share of accounted natural assets between agriculture, forestry, fisheries and recreation, as well as in changing the structure of assets and intermediate consumption by reducing the share of public administration and increasing the share of other sectors, especially healthcare. The proposed organizational and economic measures complement the Strategy for the development of tourism and resorts for the period up to 2026 in Ukraine.

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Accounting for environmental assets as sovereign wealth funds

Cited by 10 publications

References 34 publications

Advancing research into accounting and the UN Sustainable Development Goals

Advancing research into accounting and the UN Sustainable Development Goals

Accountability and governance in implementing the Sustainable Development Goals in a developing country context: evidence from Tanzania

Input-output analysis of recreational assets within the inclusive sustainable development in Ukraine

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