Digital Transformation and Corporate Sustainability Accounting

2020 ◽  
pp. 651-669
Author(s):  
Miguel A. Gil ◽  
Miguel A. Montoya
Keyword(s):  
Corporate Sustainability ◽  
Digital Transformation ◽  
Sustainability Accounting

scholarly journals Corporate Sustainability: Study of "New Normal" Factors that Affect Corporate Sustainability

2021 ◽  
Vol 04 (07) ◽  
Author(s):  
Sumas Wongsnuopparat ◽  
Keyword(s):  
Government Policy ◽  
Behavioral Change ◽  
Corporate Sustainability ◽  
Digital Transformation ◽  
Technological Transformation ◽  
New Normal ◽  
Normal Life ◽  
The World ◽  
The Individual ◽  
The Relationship

When we look back on the history of the world, the term “New Normal” has been employed concerning World War I, the global financial crisis of 2007 -2008, the September 11 attacks in the United States, and the global recession of 2008 -2012. Still, this term has never powerfully shocked our hearts. The COVID-19 pandemic has been changing human life since 2020. People gradually move away from everyday life and progressively walk into the “New Normal” life. However, the life of “New Normal” is full of uncertainty. The uncertainty may come from the different variants of the COVID-19 virus, and it may come from the resetting of the global economy. In the “New Normal” life, more and more companies go bankrupt and are about to face bankruptcy. Even though some companies do not want to default, but it has been hard to survive nowadays. Until now, it is hard to know if the “New Normal” life is a brief time in this long history of the world or the “New Normal” life will be a permanent state. Anyway, the “New Normal” factors of “New Normal” life have provided opportunities to force the world to eliminate outdated technologies, eliminate the backward enterprises, reorganize the business framework of companies, optimize the industrial structure, strengthen human resources, re-set the world economy, reorganize the business relationship of the world. History always moves forward according to its natural developmental trend, and no force can resist the law of the development of things. Still, also no power can resist people to pursue a better life. Individuals, groups, regions, and countries are connected based on the relationship between the individual and country is the relationship between the individual and the larger society. In addition, the relationship between the individual and the world is the relationship between the individual and the human organization. Therefore, individuals, groups, regions, and countries must look forward and keep a positive mindset to adopting the “New Normal” factorsin the “New Normal” life. As we can see, many companies are adopting “New Normal” factors, and some are expanding their business network and further towards corporate sustainability despite this COVID-19 pandemic making the challenging situation in this business world. The main research question of this study is “What are the “New Normal” factors that have a significant effect on corporate sustainability?” In this study, eight independent variables including Working from home (W.H), Workforce transformation (R.W), Digital transformation (D.T), Technological transformation (T.N), Psychological effect (P.C), Uncertainty (U.C), Consumer behavioral change (C.N), Government policy (G.V), and one dependent variable Corporate adjustment (C.S) is the studied. This study aims to understand the structural relationship among these potential variables that could influence corporate sustainability in the “New Normal” life. The dataset utilized to test the hypothesis postulated in this study is the Structural Equation Model (SEM). The results from this study suggests that Technological transformation, Uncertainty, Consumer behavioral change, Digital transformation, and Government policy significantly affect corporate sustainability in the “New Normal” life. Considering different politics, economy, and cultural backgrounds in countries and industries, we also found that some irreconcilable factors affect technological transformation, uncertainty, consumer behavioral change, digital transformation, and government policy. Finally, this study identified technological transformation, uncertainty, consumer behavioral change, digital transformation, and government policy as significant factors that affect corporate sustainability. Therefore, this study provides some valuable suggestions for all companies to better adapt to the business market in the “New Normal” time. In addition, this study also provides some evidence and ideas for researchers to explore corporate sustainability in the “New Normal” time and post-COVID-19.

(Non) coverage of sustainability within the French professional accounting education program

2018 ◽  
Vol 9 (3) ◽  
pp. 313-335 ◽  
Author(s):  
Emilio Boulianne ◽  
Leanne S. Keddie ◽  
Maxence Postaire
Keyword(s):  
Education Program ◽  
Design Methodology ◽  
Corporate Sustainability ◽  
Sustainability Education ◽  
Accounting Education ◽  
Content Type ◽  
Education Agenda ◽  
Sustainability Accounting ◽  
The Government ◽  
Practical Implications

Purpose This study seeks to identify how professional accountants in France are educated in sustainability; we examine the French accounting programs in regard to sustainability accounting education recommendations. Design/methodology/approach We analyze a variety of documents to ascertain what comprises the typical accounting education program in France. Additionally, we conduct five interviews of various stakeholders to understand the importance of sustainability accounting and education in the French context. Findings We note an interesting paradox in the French context: while the government requires the reporting and auditing of corporate sustainability information, we find that sustainability is not greatly present in the government-funded French accounting education program. We determine that the government’s power in setting the education agenda combined with its budget restrictions and ability to defer responsibility to other parties has resulted in this paradox in the French setting. Practical implications This research draws attention to the consequences of society ignoring sustainability education for professional accountants. Social implications This paper contributes to the discussion on how to educate responsible professional accountants and the implications for the planet if accountants are not trained in sustainability. Originality/value This research contributes to the important domain of sustainability accounting education. We also explore additional implications for the accounting profession and the general public.

Reflection of Digital Transformation on Corporate Sustainability and a Theoratical Perspective

2020 ◽  
pp. 231-258
Author(s):  
Cemal Zehir ◽  
Burcu Özgül
Keyword(s):  
Natural Resources ◽  
Industry 4.0 ◽  
Business Models ◽  
Corporate Sustainability ◽  
Digital Transformation ◽  
Process Automation ◽  
Digital Business Models ◽  
Industrial Manufacture ◽  
The World ◽  
Theoretical Frame

With its high process automation and digitalization, Industry 4.0 provides new opportunities to actualize more flexible, higher quality, speedy, cheap, and productive manufacturing and services. Containing numerous technology and paradigms, Industry 4.0 is expected to transform the industrial manufacture and society by aiming at economic, social, and environmental gains. The facts that natural resources are running out, lifecycle of the world is diminishing, and society has increasing anxiety on this situation. These have been the propulsive power for the development of Industry 4.0. By means of the technology and innovations that Industry 4.0 brings along, it is clear that it could also contribute to the recent popular and emphasized concept:sustainability. In this chapter, after giving information about the paradigms related with Industry 4.0, the theoretical frame of corporate sustainability and the effect of digital transformation on corporate sustainability have been evaluated. And then, constructing sustainable digital business models and focusing on value proposal have been discussed.

Corporate sustainability accounting: a nightmare or a dream coming true?

2006 ◽  
Vol 15 (5) ◽  
pp. 293-295 ◽  
Author(s):  
Stefan Schaltegger ◽  
Roger L. Burritt
Keyword(s):  
Corporate Sustainability ◽  
Sustainability Accounting
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