Accounting for Natural Capital: The elephant in the boardroom

In this short paper, we examine the business issues associated with natural capital erosion, arguing that action is needed to account for the growing risks this poses to business sustainability. Natural capital depletion is the elephant in every boardroom – it is invisible in the vast majority of corporate decisions, accounts and economic models. To thrive in the 21st Century, business models,corporate accounting and economic modelling must all adapt.

Date:
2014
Publisher:
Chartered Institute of Management Accountants
Author(s):
Chartered Institute of Management Accountants, Ernst & Young LLP, International Federation of Accountants, Natural Capital Coalition
Details:
Publication, 20pages
Idioma:
English
Topic:
Natural Capital Accounting - General