Ecological accounting: new tools for a sustainable culture

SUMMARY

Ecological accounting is concerned with providing information to assist managers with performance appraisal, control, decision-making and reporting for an organisation or region. It is based on ecological concepts and on ecological measures and values in addition to the familiar economics ones. The implementation of sustainable development requires a cultural change and ecological accounting would represent a part of this change within both organisations and wider society. In many ways, ecological accounting could help bring sustainable development into common sense and give it a place as a day-to-day business goal.

Keywords:

• ecological accounting
• sustainable development
• mass balance accounts
• stakeholders
• carrying capacity