Sustainability Accounting

Sustainability accounting, within social accounting, measures a company's impact on society and the environment. It goes beyond traditional financial metrics by assessing how business activities affect people, communities, and ecosystems. This approach includes evaluating resource usage, waste generation, social responsibility initiatives, and employee well-being. The goal is to provide a clearer picture of an organization's overall performance, helping stakeholders understand its contributions to sustainable development and societal welfare. By focusing on social and environmental outcomes, sustainability accounting encourages businesses to operate responsibly and ethically.