Social and Environmental Accounting

Social and Environmental Accounting is a way for organizations to measure and report their impact on society and the environment. It goes beyond traditional financial accounting, which focuses solely on profits, to include how business practices affect communities, natural resources, and ecosystems. This type of accounting helps stakeholders understand a company's social responsibility efforts, environmental sustainability practices, and long-term effects on society. By transparently sharing this information, organizations can improve their decision-making, enhance their reputations, and contribute to sustainable development.