Sustainability Accounting
Sustainability Accounting is a method of accounting that focuses on a company's environmental, social, and economic impacts. It helps organizations measure and report their sustainability performance, allowing stakeholders to understand how their operations affect the planet and society. This type of accounting goes beyond traditional financial metrics to include factors like carbon emissions, resource usage, and community engagement.
By integrating sustainability into financial reporting, businesses can make more informed decisions that align with sustainable development goals. This practice not only enhances transparency but also encourages companies to adopt more responsible practices, ultimately contributing to a more sustainable future.