Accounting for Sustainable Development—A Case Study of City Farm

Environmental Management Accounting: The Missing Link to Sustainability?

“…The literature has long developed the concept of 'environmental management accounting' (Rikhardsson et al 2005), and analysed its implementation (Bartolomeo et al 2000;Lamberton 2000;Arjalies and Mundy 2013) and theorisation (Gond et al 2012;Guenther, Endrikat, and Guenther 2016). A separate thread of the literature has focused on 'accounting for sustainability' (Bebbington 1997;Bebbington 2009), and now advocates for 'accounting for sustainable development' (Bebbington and Larrinaga 2014;Bebbington, Russell, and Thomson 2017).…”

“…For example, Gray (1992) proposed the construction of an 'account of sustainability' using the principle of 'sustainable cost calculation' to measure the additional costs to be borne by an organisation, if it was to not leave the planet worse off at the end of any given accounting period. Other examples of alternative costing methods include the experiments with full-cost accounting (Jones and Matthews 2000;Herbohn 2005;Antheaume 2007), or experiments with sustainability targets with sustainability thresholds using life-cycle analysis (Lamberton 2000). After those experiments, the authors conclude that organisations are still unsustainable or the accountings 'failed' (Lamberton 2000;Herbohn 2005).…”

“…Other examples of alternative costing methods include the experiments with full-cost accounting (Jones and Matthews 2000;Herbohn 2005;Antheaume 2007), or experiments with sustainability targets with sustainability thresholds using life-cycle analysis (Lamberton 2000). After those experiments, the authors conclude that organisations are still unsustainable or the accountings 'failed' (Lamberton 2000;Herbohn 2005). There is, therefore, the necessity to further analyse the different elements of EMA and EMCS that could lead to sustainability, and to conduct further experiments (Bebbington 2009) (Table 1).…”

Advancing Sustainable Income Accounting: An Australian Case Study

“… ISO 14001 Environmental Management Systems (EMS) (MacDonald, 2005;Rezaee & Elam, 2000).  Environmental Management Accounting (EMA) (Antheaume, 2007;Bebbington & Larrinaga, 2014;Birkin, 2000;Gray, 1992;Herbohn, 2005;Lamberton, 2000;Rikhardsson et al, 2005;Yang, 2007).…”

“…However, measuring of business sustainability is still laming toward the cost side of sustainability rather than balancing between cost and revenue sides (Antheaume, 2007;Bebbington & Larrinaga, 2014;Birkin, 2000;Gray, 1992;Herbohn, 2005;Lamberton, 2000;Yang, 2007). The majority of sustainability literature in accounting emphasis on measuring and reporting the cost side of sustainability either from environmental, social and/or financial perspectives in monetary and/or in non-monetary units (Abou Taleb et.al., 2015).…”