The concept of environmental capital in business accounting and integrated reporting

2021 ◽  
Vol 22 (12) ◽  
pp. 1330-1348
Author(s):  
Viktor S. PLOTNIKOV ◽  
Olesya V. PLOTNIKOVA
Keyword(s):  
Sustainable Development ◽  
Business Model ◽  
Current System ◽  
Environmental Safety ◽  
Green Economy ◽  
Information Support ◽  
Conceptual Basis ◽  
Integrated Reporting ◽  
Environmental Capital ◽  
Benefits And Costs

Subject. This article considers the conceptual basis of environmental capital accounting as one of the elements of assessing the value of business in conjunction with the concept of sustainable development of the organization. Objectives. The article aims to argue for a need for methodological and methodical information support in the system of business accounting for environmental safety of domestic business and identify the objects of the green economy and monetarization in the business accounting of the benefits and costs of creating and maintaining the organization’s ecosystem. Results. The article explains the need for the formation of various business accounting models in the system of the organization’s business model. Conclusions. Based on the study, the article concludes that it is necessary to reform the current system of accounting for environmental safety costs transforming it into business accounting of environmental capital.

Information support of Stebnyk geopark design

2021 ◽  
Vol 6 (4) ◽  
pp. 270-274
Author(s):  
Volodymyr Mokryi ◽  
◽  
Ihor Petrushka ◽  
Elvira Dzhumelia ◽  
Oksana Chayka ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
Mineral Resources ◽  
Industrial Area ◽  
Environmental Safety ◽  
Information Support ◽  
Practical Implementation ◽  
National Program ◽  
The Sustainable Development ◽  
Social Components

Sustainable development of the Stebnyk Mining Industrial Area (MIA) is fully consistent with the goal of the National Program for the Development of the Mineral Resources of Ukraine until 2030. It is the ensuring the urgent needs for mineral resources without the risk of depriving future generations of their needs (On Approval of the National Program…, 2011). The triune concept of sustainable development is based on the economic, environmental and social components. For practical implementation of the sustainable development strategy of Stebnyk MIA, it is expedient to design, create and operate the Stebnyk natural and man-made geopark based on the blighty (Zinko, Shevchuk, 2011; Mokryi et al., 2017) and European (Alexandrowicz., 2006) experience. Expert assessments of the environment indicate the need to use information and analytical technologies in the management, modeling, and design of environmental safety Stebnyk MIA.

Is There a Linkage Between Sustainable Development and Market Access of LDCs?

2013 ◽  
Vol 6 (1) ◽  
Author(s):  
Sharmin Jahan Tania
Keyword(s):  
Sustainable Development ◽  
Common Ground ◽  
Market Access ◽  
Developed Countries ◽  
Green Economy ◽  
Conceptual Basis ◽  
Access Barriers ◽  
Developed Country ◽  
Economy Policy ◽  
Trading Regime

AbstractThis article revisits the decades-long trade–sustainable development debate in the context of Rio+20 and its endorsement of green economy policy. It aims to grapple with the possible linkages between LDCs’ market access regime and the concept of sustainable development itself. Conflicting perceptions of developed and least developed country (LDC) members of the WTO as to the conceptual basis of sustainable development, this article argues, explain the challenges LDCs face in the form of impediments to their market access. By examining the specific market access issues, this article reveals how developed countries’ concerns for sustainable development turn out to be market access barriers for LDCs. As the call for transition to green economy could exacerbate some of these concerns of LDCs, the article suggests a common ground, where a balanced trading regime can be most productively envisioned through a reasoned discourse of market access for LDCs linked with a conceptual route of sustainable development.

scholarly journals Innovative Environmental Strategy for Sustainable Development

2020 ◽  
Vol 9 (2) ◽  
pp. 89-98
Author(s):  
Grygorii Kaletnik ◽  
Svitlana Lutkovska
Keyword(s):  
Sustainable Development ◽  
Business Model ◽  
Action Plan ◽  
Well Being ◽  
Green Economy ◽  
Rolling Stock ◽  
High Tech ◽  
Value Proposition ◽  
Space Technology ◽  
Innovative Strategy

This article investigates the development of an innovative strategy for environmentally sustainable development. The breakthrough strategy has been found to be an activity-based structure and system of activities to accelerate growth. It has been found out that, in form and substance, all practical business development strategies depend on specific internal and external circumstances. It is proved that when developing breakthrough strategies for socio-economic development of a country, it is necessary to be guided by certain methodical techniques or rules, namely: scientific and applied justification; identifying and progressively improving an attractive value proposition; development and continuous improvement of the business model; drawing up and implementing an action plan; forming the focus of all participants in the breakthrough strategy on the achievement of strategic goals. The main products of the breakthrough strategy are found to be the organizational mission, value proposition, business model and set of projects and programs that form the breakthrough strategy cycle [2, 4]. It is found that there are different types of breakthrough strategies, among them the following: 1) storming strategy; 2) lagging behind in leaders; 3) expansion of horizons; 4) change of form [3]. Breakthrough strategies in the industry include the introduction of modern innovative industrial technologies on the basis of support for the development of high-tech industries (increasing production of domestic aviation and space technology, instrumentation, electronic technology, nanotechnology, medical technology), harnessing the potential of Ukraine to expand medium-tech production automotive, newest rolling stock and other railway equipment), Stim fostering the creation of new innovation development poles (creation of innovation clusters in the regions of Ukraine)[4]. It is proved that sustainable environmental development is impossible without the formation and use of appropriate management potential, that is, the ability of managers is qualified to "launch" all other potentials. It has been determined that the goal of green economy development should be to achieve a higher level of well-being while simultaneously solving resource-ecological and social problems.  Keywords: strategy, innovation, environmental security, sustainable development.

scholarly journals The Concept of Sustainable Development: the Basis for the Emergence of Integrated Reporting of the Enterprise

2018 ◽  
pp. 75-88
Author(s):  
K. V. Bezverkhiy
Keyword(s):  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Information Support ◽  
Integrated Reporting ◽  
Economic Sectors ◽  
The Sustainable Development ◽  
Use Of Resources ◽  
Production And Consumption ◽  
Development Goals ◽  
Growth Production

The sustainable development of societies, countries, economic sectors or business enterprises is based on the assumption that economic growth, production and consumption has the limitations imposed by the possibility for rehabilitating ecological systems. Issues of the rational use of resources form the conceptual framework for the sustainable development. But the emergence of information support in form of integrated reporting of the enterprise causes much debate in the theoretical and practical field. The purpose of the study is to analyze the evolution of the provisions of the sustainable development concept and identify the preconditions for the emergence of integrated reporting of the enterprise. The components of the sustainable development and its purpose are highlighted; the sustainable development goals of UN and their respective indictors are illustrated. The relation of the categories of capital (financial, industrial, intellectual, human, social and nature capital), reflected in the integrated reporting of the enterprise, with the sustainable development goals is substantiated. The analysis shows that the top category of capital contributing in all the sustainable development goals (the total of 17) is social capital; financial capital (contributing in 14 goals) ranks second, human capital (12 goals) ranks third, production capital (10 goals) comes fourth, intellectual capital (9 goals) is the fifth, and nature capital (8 goals) ranks sixth. These results are indicative of high relevance of integrated reporting of the enterprise to the sustainable development goals.

scholarly journals Financial Support for Green Economy Projects in Russia Based on the Principles of Sustainable Development

2020 ◽  
pp. 148-159
Author(s):  
Andrey Anikin ◽  
Keyword(s):  
Sustainable Development ◽  
Mutual Influence ◽  
Negative Impact ◽  
Anthropogenic Impacts ◽  
Environmental Safety ◽  
Green Economy ◽  
National Interests ◽  
Environmental Projects ◽  
Methodological Principles ◽  
Stimulation Of

The article presents the results of the analysis of the Russian eco-finance system: fundamental strategies, key regulatory documents, measures and tools. The analysis was based on the methodology of sustainable development and consideration of ESG factors. We found that the formation of the institutional framework of ecofinance and the development of advanced measures of support and stimulation of projects of green economy takes into account methodological principles for sustainable development: integrating anthropogenic impacts on natural areas; balanced decision-making on establishing regulatory requirements in the field of environmental safety, responsibility for negative impact on the environment; priority of national interests in the development of measures. The analysis showed that there is an established system of measures to support and stimulate eco-projects, both administrative and financial, direct and indirect, incentives and sanctions. The system is evolving and being modernized: measures have been developed and implemented to support issuers of securities whose target orientation (securities) is related to investing in eco-projects, and a draft article “Environmental tax” has been developed and is being discussed. The features of the Russian system of support and stimulation of environmental projects are its “youth”, being at the stage of formation, and the “lack of configuration” of economic mechanisms, which makes it difficult to assess the effectiveness of the measures taken. When evaluating environmental projects and the effectiveness of support measures, it is advisable to take into account the principles of sustainable economy, as well as the relationship and mutual influence of ESG factors.

Reporting of Enterprises in the Conditions of Sustainable Development: Current State, Problems, Prospects, Information Support

2021 ◽  
pp. 179-186
Author(s):  
Lesya Kononenko ◽  
◽  
Nataliia Sysolina ◽  
Olha Chumachenko ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Information Needs ◽  
Information Provision ◽  
Financial Statements ◽  
Information Support ◽  
Accounting System ◽  
Integrated Reporting ◽  
Advantages And Disadvantages ◽  
Stage Of Development ◽  
Main Components

The current stage in the development of mankind is characterized by low problems that cause serious concerns internationally. To solve them, a so-called "conception of sustainable development" was developed. Most scientists to the main components of sustainable development include respect and concern for the community; environmental dignity; social and economic justice; Democracy, non-violence and peace. One of the main components that ensure the implementation of the concept of sustainable development is its information provision, one of the sources of which is the financial statements formed in the accounting system. However, the modern stage of development is characterized by the discrepancy of information provision of financial statements of enterprises in the needs of users in this direction. This caused the birth of a new reporting paradigm. The emergence of a new reporting paradigm - integrated - is logical, since changes that have taken place over recent years in the institutional accounting environment must be taken into account by improving the accounting methodological apparatus. Integrated reporting makes it possible to combine in a single form of diverse information resources, which informs the adoption of optimal management decisions. In this case, transparency is achieved for all users of the enterprise, its advantages and disadvantages. It is the inability of the existing paradigm of accounting reporting to solve the issues that modern society puts forward to it, caused the need for a new one. The main prerequisite for its emergence was the position of international organizations on sustainable development of society as a single direction, which provides an opportunity to provide both modern and future generations. Integrated reporting is closely linked both with financial and non-financial, is the result of the evolution of the accounting system to ensure information needs of users, increasing the transparency of data, relevancy of the accounting information.

scholarly journals Energy efficiency projects

2018 ◽  
Vol 54 (2) ◽  
pp. 25-29
Author(s):  
O.Y. Yakovleva ◽  
M.G. Khmelniuk ◽  
O.V. Ostapenko
Keyword(s):  
Energy Efficiency ◽  
Sustainable Development ◽  
Energy Policy ◽  
Risk Model ◽  
Environmental Safety ◽  
Green Economy ◽  
The Sustainable Development ◽  
Improve Energy Efficiency ◽  
Level Increase ◽  
Improve Rate

Answers to the question ‘what should we do to improve energy efficiency?’ will have to advance beyond the notion of simply ‘saving energy’ to an enhanced paradigm of policy options as cross-sectoral issue. In this paper we propose to improve rate of successfully performed energy efficiency project. In order to reach target, we need to study and summarize the best practices of improving the energy efficiency level within the economy for developing recommendations, to create risk model for modifying energy policy approaches and working processes with an abstraction level increase for the successful energy efficiency projects realization. Two issues have been addressed in this paper. The links between sustainable development concept analysis and “Green Economy” are defined. The key factors for the sustainable development of energy policy intended for the development of successful energy efficient projects while improving energy efficiency and environmental safety are identified.

scholarly journals Integrated reporting and environmental disclosure: Is natural capital neglected?

2021 ◽  
Vol 18 (2) ◽  
pp. 131-139
Author(s):  
Lorenzo Gelmini ◽  
Paola Vola
Keyword(s):  
South Africa ◽  
Sustainable Development ◽  
Business Model ◽  
Natural Capital ◽  
Business Organizations ◽  
Integrated Reporting ◽  
Environmental Disclosure ◽  
Academic Discussion ◽  
Environment Preservation

We have entered a new geologic era, the Anthropocene, also defined as the Age of Humans, in which humans are doubtless responsible for ensuring sustainable development. Further research is required to assess actions carried out by business organizations with reference to environment preservation. Our paper contributes to the academic discussion on the role of integrated reporting with a focus on natural capital. We propose to investigate whether and how companies report about natural capital in their integrated reports (IR), in the domain of South Africa. In our study, we investigate the type of information and its positioning in the IR and, notably, in the business model (BM). Our paper provides many contributions to literature. First, it exposes the extent and type of information that can be provided on natural capital through IR. Moreover, the paper contributes to the debate about the efficacy of IR to really enhance sustainability practises

Directions of Accounting Environmental Factors for Forecasting Formation of Agroecosystems

2020 ◽  
pp. 31-35
Author(s):  
L.Z. Khalishkhova ◽  
◽  
A. Kh. Temrokova ◽  
I.R. Guchapsheva ◽  
K.A. Bogаtyreva ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Comparative Analysis ◽  
Environmental Factors ◽  
Environmental Safety ◽  
Logical Analysis ◽  
Management Decisions ◽  
The Sustainable Development ◽  
The Impact

Ensuring the sustainable development of agroecosystems requires research into the justification of the impact of environmental factors on the formation of territorial agroecosystems and identifies ways to take them into account in order to justify management decisions and ensure environmental safety. The main goal of the research within the article is to identify the most significant environmental factors in predicting the formation of agroecosystems. Provisions are devoted to the study of the laws governing the functioning of agroecosystems in order to increase their stability. The methods of comparative analysis, generalization, abstraction, logical analysis are applied. A number of provisions are formulated regarding ways to account for the influence of factors on the formation of key elements of agroecosystems.

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