The evolution of sustainability accounting and reporting in the United States: applications of the ecological anthropology and industrial ecology frameworks

DOI

10.1108/JBSED-03-2023-0020

Document Type

Journal Article

Publication Date

1-1-2024

Publication Title

Journal of Business and Socio-economic Development

ISSN

26351374

Keywords

DJSI, Ecological anthropology, Environmental management, EPA, Industrial ecology, Socio-economic development, Sustainability accounting reporting, TBL

Abstract

Purpose: The primary objective of this research is to chronicle how the Environmental Protection Agency (EPA) and other United States Federal Government Agencies (USFGA) agencies have played a role in shaping the trajectory of financial reporting for sustainability, with a particular emphasis on triple bottom line (TBL). This exploration extends to other indexes reporting sustainability data encompassed within financial, social and environmental reporting. Design/methodology/approach: This study adopts an illustrative methodology, utilizing data sourced from governmental, business and international organizational documents. Findings: Sustainability accounting predominantly finds its place within the framework of TBL. However, it is crucial to note that sustainability reporting remains voluntary rather than mandatory. Nevertheless, accounting firms and professional accounting societies have embraced it as a supplementary facet of financial accounting reporting. Originality/value: The research highlights the historical evolution of sustainability within the USFGA and corporate entities. Corporations’ interest in accounting for sustainability performances has significantly contributed to the emergence of voluntary sustainability accounting rules, as embodied by the TBL.

Open Access

Gold

Link to Full Text

Share

COinS