Daily, we encounter concepts such as corporate social responsibility (CSR); sustainability reporting; sustainability accounting; environmental reports; corporate citizenship or environmental management systems; or Environmental, Social and Governance (ESG) disclosures. Accounting for Sustainability decodes this terminology by offering an accessible introduction that explores sustainability reporting from both internal and external perspectives. It begins with an overview of key terms and theories, followed by chapters on financial management, sustainability standards, accounting communication, and capital markets. This new edition has been fully revised and expanded with four new chapters, including coverage of the EU’s Corporate Sustainability Reporting Directive (CSRD), European Sustainability Reporting Standards (ESRS), and the global efforts of the International Sustainability Standards Board (ISSB). It also includes critical reflections on digitalisation, standard-setting, and assurance.
PART I BACKGROUND ANDTHEORETICAL PERSPECTIVE
1. Accounting for Sustainability: Historical Development of the Field
2. Theories of Accounting for Sustainability
3. Determinants and Consequences of Sustainability Accounting
PART II ACCOUNTING FOR SUSTAINABILITY IN PRACTICE (Internal Perspective)
4. Management Accounting and Control for Sustainability
5. Integrating Management Accounting and Control for Sustainability
6. Towards a More Sustainable and Integrated Performance Management – The Relevance of Communication and Dialogue
7. Sustainability Management Systems and Processes
PART III REPORTING SUSTAINABILITY (from Internal to External Perspective)
8. Triple Bottom Line
9. Global Reporting Initiative
10. Integrated Reporting
11. Sustainability Reporting Regulation within the European Union
12. European Sustainability Reporting Standards (ESRS)
13. ISSB and Global Standardisation of Sustainability Reporting
14. Accounting Communication for Sustainability
SECTION IV CAPITAL MARKET AND ASSURANCE (External Perspective)
15. Financial Market Perspective on Sustainability Reporting
16. Socially Responsible Investment
17. Sustainability Reporting and Assurance
18. Critical Reflection and Future Development
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