We have great pleasure in presenting First edition “Sustainability and Environmental Accounting” written for students of PG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to provide the students with thorough understanding of Sustainability and Environmental Accounting. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Module – 1 Introduction to Sustainability and Environmental Accounting
Introduction
Concept of Sustainability
Meaning of Sustainability
Importance of Sustainability
Scope of Sustainability
Triple Bottom Line (Economic, Environmental, Social)
Sustainable Development and Sustainable
Development Goals (SDGs)
Evolution of Sustainability Accounting
Environmental Accounting
Meaning of Environmental Accounting
Objectives of Environmental Accounting
Functions of Environmental Accounting
Advantages of Environmental Accounting
Environmental Costs
Types of Environmental Costs
Classification of Environmental Costs
Environmental Management Accounting (EMA)
Stakeholder Theory and Sustainability
Integrating Sustainability into Business Strategy
Emerging Challenges
Opportunities in Sustainability Accounting
Review Questions
Fill in the Blanks
Multiple Choice Questions (MCQs)
Short Answer Questions
Long Answer Questions
References
Module – 2 Environmental Accounting, Green Accounting and Carbon Measurement
Introduction
Environmental Cost
Meaning of Environmental Cost
Classification of Environmental Cost
Environmental Cost Identification and Allocation
Environmental Costing Techniques
Material Flow Cost Accounting
Environmental Budgeting
Environmental Performance Measurement
Carbon Accounting
Importance of Carbon Accounting
Greenhouse Gas Emissions
Scope 1
Scope 2
Scope 3
Carbon Footprinting
Water Footprinting
Ecological Foot Printing
Carbon Credits
Meaning of Carbon Credits
Types of Carbon Credits
Accounting of Carbon Credits
Carbon Trading and Carbon Markets
Carbon Financing Mechanism
Clean Development Mechanism (CDM)
Review Questions
Fill in the Blanks
Multiple Choice Questions (MCQs)
Short Answer Questions
Long Answer Questions
References
Module – 3 Global Frameworks on Sustainability Reporting
Introduction
Concept of Sustainability Reporting
Objectives of Sustainability Reporting
Benefits of Sustainability Reporting
Sustainability Reporting Process
ESG
Reporting
Meaning of Reporting
Importance of Reporting
Sustainability Reporting Frameworks
Global Reporting Initiative (GRI)
Sustainability Accounting Standards Board (SASB)
International Sustainability Standards Board (ISSB)
Integrated Reporting (IR Framework)
Task Force on Climate-related Financial Disclosures (TCFD)
Materiality Concept
Double Materiality
Mandatory vs Voluntary Disclosure
Sustainability Reporting in India (BRSR Framework)
Corporate Social Responsibility (CSR) Reporting
Review Questions
Fill in the Blanks
Multiple Choice Questions (MCQs)
Short Answer Questions
Long Answer Questions
References
Module – 4 Sustainability Performance Measurement, Assurance and Governance
Introduction
Environmental and Sustainability Performance Indicators
ESG Metrics and Key Performance Indicators
Sustainability Balanced Scorecard
Sustainability and Corporate Governance
Internal Controls for Sustainability Reporting
Responsible Investment
Meaning of Responsible Investment
Principles of Responsible Investment
UN Principles for Responsible Investment (UNPRI)
Sustainability Audit and Assurance
Role of Auditors
ESG Ratings
Greenwashing and Ethical Issues
Regulatory Requirements and Compliance
Role of Sustainability in Risk Management
Review Questions
Fill in the Blanks
Multiple Choice Questions (MCQs)
Short Answer Questions
Long Answer Questions
References
Module – 5 Strategic Applications, Investment and Emerging Trends
Introduction
Sustainability and Strategic Decision Making
Sustainable Investment and Impact Investing
Green Finance
Green Bonds
Climate Risk and Financial Risk
Sustainability and Executive Compensation
Sustainability and Business Value Creation
Circular Economy and Accounting
Natural Resource Accounting
Environmental Accounting in Public Sector
Sustainability Accounting in India
Emerging Trends in Sustainability Accounting
Review Questions
Fill in the Blanks
Multiple Choice Questions (MCQs)
Short Answer Questions
Long Answer Questions
References
