Accounting for Sustainability

Paperback

Hopwood, Anthony 저자(글)

Routledge · 2010년 06월 23일

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Anthony Hopwood is a world-leading academic in the field of accounting. A former Dean and Professor at the Sid Business School of the University of Oxford, 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 Director of The Prince's Accounting for Sustainability Project, on secondment from PricewaterhouseCoopers where she has worked with a wide range of organizations to help them to embed sustainability.
Anthony Hopwood is a professor at the S+id 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.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.
If businesses and other organizations are to meet the many and complex challenges of sustainable development, then they all, both public and private, need to embed sustainability considerations into their decision-making and reporting. However, the translation of this aspiration into effective action is often inhibited by the lack of systems and procedures that take sustainability into account.Accounting for Sustainability: Practical Insights will help organizations to address these issues. The book sets out a number of tools and approaches that have been developed and applied by leading organizations to:- embed sustainability into decision-making, extending beyond an organization's boundaries to take into account suppliers, customers and other stakeholders;- measure and link sustainability and financial performance; - integrate sustainability into 'mainstream' reporting, both to management and external stakeholders. In-depth cases studies from Aviva, BT, the Environment Agency, EDF Energy, HSBC, Novo Nordisk, Sainsbury's and West Sussex County Council show in detail how accounting for sustainability works in practice in a wide range of organizational contexts.
'A rich and diverse collection of case studies to help all those organisations looking for a practical way of addressing ... sustainability-related issues.'Charles Tilley, Chief Executive, CIMA (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 organisation'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'Accounting for Sustainability provides a rich and diverse collection of case studies to help all those organisations looking for a practical way of addressing the major challenges and risks posed by sustainability-related issues.'Charles Tilley, Chief Executive, CIMA (Chartered Institute of Management Accountants)'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, ACCA (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 organisation'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, ICAEW (Institute of Chartered Accountants in England and Wales) 'This book provides major learning points on how environmental sustainability can be embedded in organisations 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, ICAS (The Institute of Chartered Accountants of Scotland)
'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 organisation'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'Accounting for Sustainability provides a rich and diverse collection of case studies to help all those organisations looking for a practical way of addressing the major challenges and risks posed by sustainability-related issues.'Charles Tilley, Chief Executive, CIMA (Chartered Institute of Management Accountants)'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, ACCA (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 organisation'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, ICAEW (Institute of Chartered Accountants in England and Wales) 'This book provides major learning points on how environmental sustainability can be embedded in organisations 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, Chief Executive, ICAS (The Institute of Chartered Accountants of Scotland)
The Prince of Wales innovative Accounting for Sustainability Project has developed an innovative Connected Reporting Framework (CRF) to provide organizations with the accounting tools and principles to embed sustainability into their DNA. This book outlines the framework.

작가정보

저자(글) Hopwood, Anthony

목차

• Foreword by His Royal Highness The Prince of Wales	p. xiii
  List of Figures, Tables and Boxes	p. xv
  List of Contributors	p. xvii
  Acknowledgements	p. xxiv
  List of Acronyms and Abbreviations	p. xxv
  Introduction to the Accounting for Sustainability Case Studies	p. 1
  Sustainability, sustainable development and climate change	p. 3
  The role and significance of sustainability for organizations	p. 8
  Embedding sustainability considerations into business practice through accounting for sustainability	p. 15
  Summary of the case studies	p. 19
  Conclusions	p. 26
  The Prince's Accounting for Sustainability Project: Creating 21st-Century Decision-Making and Reporting Systems to Respond to 21st-Century Challenges and Opportunities	p. 29
  Introduction	p. 29
  The ten main elements to embed sustainability into decision-making	p. 32
  An overview of the A4S decision-making tool	p. 32
  An introduction to the concept of connected reporting and the Connected Reporting Framework (CRF)	p. 36
  Next steps: The creation of an International Integrated Reporting Committee	p. 44
  Sainsbury's: Embedding Sustainability within the Supermarket Supply Chain	p. 47
  Introduction	p. 47
  The context of the A4S decision-making tool at Sainsbury's	p. 49
  The lamb supply chain and sustainability	p. 51
  Sainsbury's perspective on embedding sustainability	p. 54
  The supplier perspective	p. 63
  The next step for Sainsbury's: The Connected Reporting Framework (CRF)?	p. 65
  Conclusions	p. 69
  Using the Connected Reporting Framework as a Driver of Change within EDF Energy	p. 73
  Introduction: EDF Energy	p. 73
  The case study	p. 74
  Background and history of EDF Energy and accounting for sustainability	p. 74
  EDF Energy's sustainability journey	p. 81
  Conclusions	p. 89
  A Golden Thread for Embedding Sustainability in a Local Government Context: The Case of West Sussex County Council	p. 95
  Introduction	p. 95
  Chapter overview	p. 96
  Background: Local government and West Sussex County Council	p. 97
  Embedding sustainability within the county council	p. 99
  Policies, performance structures and tools	p. 107
  Conclusions	p. 123
  Building from the Bottom, Inspired from the Top: Accounting for Sustainability and the Environment Agency	p. 129
  Introduction	p. 129
  The Environment Agency: Background information	p. 131
  Environmental management and strategy	p. 132
  Environmental accounting: A systems approach	p. 134
  Connected actions, connected reporting, carbon reduction, staff mileage, key performance indicators (KPIs) and corporate scorecards	p. 136
  The Prince's Accounting for Sustainability Project (A4S), the Connected Reporting Framework (CRF) and the Environment Agency	p. 142
  Conclusions	p. 144
  Evolution of Risk, Opportunity and the Business Case in Embedding Connected Reporting at BT	p. 149
  Introduction	p. 149
  Changes in directions of causality: Reporting driving action, action driving reporting	p. 150
  Evolution of risk and opportunity considerations in sustainability decisions: Making the business case	p. 151
  Nuancing the business case: Degrees of uncertainty and appealing to the interests of managers at different levels	p. 153
  Materiality helping to determine the content of connected sustainability reporting	p. 155
  Case example: Supply-chain initiatives - Sourcing with Human Dignity	p. 162
  Conclusions	p. 170
  Sustainability and Organizational Connectivity at HSBC	p. 173
  Introduction	p. 173
  Linking financial and non-financial performance and risk	p. 174
  Implementation of the Equator Principles and sector policies	p. 175
  Integration of responses to environmental impacts of HSBC's business and culture	p. 180
  The role of sustainability reporting	p. 185
  Conclusions	p. 188
  'One Aviva, Twice the Value': Connecting Sustainability at Aviva plc	p. 191
  'One Aviva, one world'	p. 192
  Linking responsibility and sustainability	p. 193
  Connected reporting	p. 197
  Climate change and carbon-neutral Aviva	p. 199
  Stakeholders and the value chain	p. 201
  Embedding sustainable and responsible investment practices	p. 203
  Reporting practices	p. 207
  Conclusions and lessons from Aviva	p. 209
  Integrated Reporting at Novo Nordisk	p. 215
  Introduction	p. 215
  Context and background	p. 216
  The Novo Nordisk 'Way of Management'	p. 219
  Triple bottom line (TBL) management	p. 222
  'Sarb-Oxing' the non-financial control environment	p. 224
  The balanced scorecard	p. 225
  Facilitation	p. 228
  Full integration at Novo Nordisk: Embedding sustainability	p. 229
  Summary and Conclusions	p. 233
  Introduction	p. 233
  Lessons learned	p. 234
  Summary	p. 242
  Glossary	p. 243
  Index	p. 251
  Table of Contents provided by Ingram. All Rights Reserved.

기본정보

ISBN	9781849710671 ( 1849710678 )
발행(출시)일자	2010년 06월 23일
쪽수	288쪽
크기	155 * 231 * 23 mm / 454 g
총권수	1권
언어	영어