International Journal of Economics and Management Engineering                                                                                   
International Journal of Economics and Management Engineering(IJEME)
ISSN:2225-742X(Print)       ISSN:2226-7344(Online)
Editor-in-Chief: Prof. Jeffrey E. Jarrett (USA)
Sustainability Accounting: a Success Factor in Corporate Sustainability Strategy
Full Paper(PDF, 1781KB)
Abstract:
Over the past decade, the requirements of sustainability were involved into the strategy of many companies. Besides the economic goals, they also determine the exemplary social as well as environmental considerations. However, several empirical studies show that their environmental and social performance only present a slow improvement. Therefore the application of the appropriate management methods and tools are needed to measure the economic, social and environmental impacts of the strategic decisions and activities within the organization. The aim of this paper is to study the interaction between the sustainability strategy and sustainability accounting as its key success factor. First, it starts from the conceptual definition of the sustainability and process of the sustainability strategic management. Then, the article introduces the new approaches for the appraisal of the strategic performance beginning with the conventional accounting, through the environmental accounting, to the sustainability accounting. Finally, relating to this, a case study demonstrates the role and contribution of the sustainability accounting to the successful implementation of the sustainability strategy in a Hungarian company.
Keywords:Corporate Sustainability, Sustainability Srategic Management, Sustainability Accounting
Author: Gyula Fül?p1, Bettina Hódi Hernádi1
1.Institute of Business Sciences, University of Miskolc, H-3515 Miskolc-Egyetemváros, Hungary
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